Medical Office Condominium
1611 Pond Road Allentown, PA 18104
1611 Pond Road, Allentown, PA, 18104
$849,000
For Sale
$849,000
SINGLE_FAMILY - Allentown City, PA
Property Size3,354 SF
Price / SF$253.13
Days on Market37
Property Features for 1611 Pond Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- GC-I
- Parking
- 251
- Standard status
- Active
- APN
- 548724614622-6
- Size
- 3,354 SF
Taxes and HOA fees
- Tax Annual Amount
- 11027
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1995
Listing agency
Keller Williams Allentown
(610) 435-1800
Listed by
Brian K Bailey
(610) 435-1800
Added: Jun 16 Checked: Jul 22 at 4:06PM
MLS# 779112
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Class A medical office condominium suite offers a turnkey, upgraded interior in Paragon Centre. The suite is located on the 4th floor and is configured with five exam rooms, multiple consultation rooms, and executive offices. ADA-compliant restrooms and built-in millwork and finish upgrades are included as part of the space.
The suite is a corner unit, providing corner exposure along with natural light. Two designated spaces in the underground parking garage are included, and the building provides ample tenant and customer parking. A brand-new central HVAC system is also noted for the property.
Suite 403 is available for sale or lease, with a monthly condo fee indicated in the listing remarks.
The suite is a corner unit, providing corner exposure along with natural light. Two designated spaces in the underground parking garage are included, and the building provides ample tenant and customer parking. A brand-new central HVAC system is also noted for the property.
Suite 403 is available for sale or lease, with a monthly condo fee indicated in the listing remarks.
Key Highlights
- 3,354 SF 4th‑floor corner medical office condo (Suite 403) in Paragon Centre at 1611 Pond Rd, Allentown, PA
- Suite layout includes five exam rooms, multiple consultation rooms, and executive offices
- ADA‑compliant restrooms and ADA‑compliant built‑in millwork/finish upgrades throughout the suite
Local Financial Insights For Healthcare Medical
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 | $52.3k | $15.60 |
| − Vacancy | −$3.4k | −$1.01 |
| EGI | $48.9k | $14.59 |
| − OpEx | −$19.6k | −$5.83 |
| NOI | $29.4k | $8.75 |
3,354 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$419.3K
$366.9K – $489.2K
NOI $29,353 @ 7.0% cap · market cap 3.46%
Second Best
Office B
$260.1K
$227.6K – $303.5K
NOI $18,208 @ 7.0% cap · market cap 2.14%
Theoretical Best
Specialty Retail
$658.9K
$576.6K – $768.7K
NOI $46,124 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Saltzman & Gordon
Law Firm
Wester Denise L
Physician
Kristin A. Tyson, PA-C
Physician
Medicine In Motion
Medical Clinic
Monica Lancellotti, MD
Physician
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FAQs
What type of property is this?
Medical Office Space - Turnkey 4th-floor corner unit with exam rooms, ADA-compliant restrooms, and two underground parking spaces.
Where is this medical office space located?
The property is located at 1611 Pond Road Allentown, PA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 3,354 SF 4th‑floor corner medical office condo (Suite 403) in Paragon Centre at 1611 Pond Rd, Allentown, PA; Suite layout includes five exam rooms, multiple consultation rooms, and executive offices; ADA‑compliant restrooms and ADA‑compliant built‑in millwork/finish upgrades throughout the suite
