Renovated Office
For Sale
Contact for pricing
Pending
667 Union Blvd, Allentown, PA 18109
Office building currently fit out for an office tenant, with like-new interior renovations from 2014.
Property Size7,356 SF
Days on Market450
Property Features for 667 Union Blvd
General Information
Standard status
Pending
Size
7,356 SF
Property subtype
OFFICE
Building Details
Year Renovated
2014
Listing Agency:
NAI Summit
(610) 871-1719
Listed By:
Sarah Finney Miller
(610) 871-1719
Source:
Moodyscre
Added: May 8, 2025
Changed: Jul 26
Last Checked: Jul 31 at 7:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Summit
Investment Insights
Based on property information with market context.
This office building is currently fit out for an office tenant and features a like-new interior condition. The interior was renovated in 2014, supporting a ready-to-occupy look and feel.
The property is described as flexible in terms of zoning, allowing a wide range of commercial and retail uses beyond the current office setup.
Presented as an opportunity for either an owner-user or an investor, the building offers a straightforward platform that can accommodate changing operational needs depending on approved use under its flexible zoning.
The property is described as flexible in terms of zoning, allowing a wide range of commercial and retail uses beyond the current office setup.
Presented as an opportunity for either an owner-user or an investor, the building offers a straightforward platform that can accommodate changing operational needs depending on approved use under its flexible zoning.
Key Highlights
- Office building currently fit out for an office tenant
- Interior renovated in 2014 and described as like‑new condition
- Flexible zoning allows a wide range of commercial and retail uses
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.4k | $7.80 |
| − Vacancy | −$4.1k | −$0.56 |
| EGI | $53.2k | $7.24 |
| − OpEx | −$13.3k | −$1.81 |
| NOI | $39.9k | $5.43 |
7,356 SF · lease $7.80/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$570.5K
$499.2K – $665.6K
NOI $39,934 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.45M
$1.26M – $1.69M
NOI $101,160 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 18109, PA
18,915
Population
7,395
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
80%
High-School Grad
8.2 sq mi
ZIP Area
2,307
Density / Sq Mi
$55,437
Median Household Income
$36,632
Median Earnings
$1,239
Median Rent
$180,200
Median Home Value
Market
Properties on Market for Office buildings in Lehigh County
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building currently fit out for an office tenant, with like-new interior renovations from 2014.
Where is this office building located?
The property is located at 667 Union Blvd Allentown, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Office building currently fit out for an office tenant; Interior renovated in 2014 and described as like‑new condition; Flexible zoning allows a wide range of commercial and retail uses
