Flex Space with Drive-In
For Sale
Contact for pricing
2-1216 Pembroke Rd, Bethlehem, PA 18018
Renovated office and utility areas connect to a garage with automatic drive-in access.
Property Size1,400 SF
Price / SF$2.50
Days on Market12
Property Features for 2-1216 Pembroke Rd
General Information
Standard status
Active
Size
1,400 SF
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$11,457
Building Details
Construction
stone veneer and stucco
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 841-4201
Listed By:
Romulo L. Da Silva Jr
(570) 390-0235
Source:
Exprealty
Added: Oct 24
Changed: Nov 4
Last Checked: Nov 3 at 6:49AM
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 Howard Hanna TheFrederickGroup
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,400-square-foot flex property in Bethlehem, Pennsylvania, combines renovated office space with utility and storage areas. Interior improvements include vinyl flooring, a restroom, glass doors and windows, and a heating and cooling system. The utility and storage areas have epoxy-finished concrete floors, while the garage provides drive-in access through an automatic door.
The exterior includes a paved asphalt parking area, perimeter sidewalks, a covered porch, and awnings. The property is located on Pembroke Road.
The exterior includes a paved asphalt parking area, perimeter sidewalks, a covered porch, and awnings. The property is located on Pembroke Road.
Key Highlights
- 1,400 square feet of flex space
- Renovated office area with vinyl flooring, glass doors and windows, and a restroom
- Heating and cooling system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,707
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,140
$194.1K
Cap Rate 7%
$138,671
$138.7K
Cap Rate 9%
$107,856
$107.9K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$16.1K $11.52/SF
− Vacancy
−$1.2K −$0.85/SF
EGI
$14.9K $10.67/SF
− OpEx
−$5.2K −$3.73/SF
NOI
$9.7K $6.93/SF
Area
Lehigh County, PA
Vacancy
7.40%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$194,140
Cap Rate 7%
$138,671
Cap Rate 9%
$107,856
Alternative Uses
Best Use
Industrial
$149.1K
$130.5K – $173.9K
NOI $10,436 @ 7.0% cap · market cap 298.17%
Second Best
Flex RnD
$138.7K
$121.3K – $161.8K
NOI $9,707 @ 7.0% cap · market cap 277.34%
Theoretical Best
Mixed Use
$205.9K
$180.1K – $240.2K
NOI $14,411 @ 7.0% cap · market cap 411.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18018, PA
32,388
Population
14,669
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,228
Density / Sq Mi
$71,968
Median Household Income
$43,471
Median Earnings
$1,261
Median Rent
$224,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Billy's Downtown Diner — 10 E Broad St, Bethlehem, PA 18018
- Fork Flavor Catering LLC — 1 E Broad St, Bethlehem, PA 18018
- Antojitos Boricuas LLC — 1231 Stefko Blvd, Bethlehem, PA 18017
Frequently Asked Questions
What type of property is this?
Flex space - Renovated office and utility areas connect to a garage with automatic drive-in access.
Where is this flex space located?
The property is located at 2-1216 Pembroke Rd Bethlehem, PA.
What are key features of this property?
This property features: 1,400 square feet of flex space; Renovated office area with vinyl flooring, glass doors and windows, and a restroom; Heating and cooling system
