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Bethlehem Flex / R&D Facility
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240 Emery Street, Bethlehem, PA 18015

Class A flex building in premiere Lehigh Valley location.

Space SizeContact for details
Days on Market282

Property Features for 240 Emery Street

General Information

Standard status Active
Property subtype FlexIndustrial
Listing Agency: CBRE | Allentown
Listed By: Paul Touhey
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 25 Last Checked: Aug 30 at 1:43PM

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 CBRE | Allentown

Investment Insights

Based on property information with market context.

Located at 240 Emery in Bethlehem, PA, this Class A flex and R&D facility offers expansion opportunities in a prime Lehigh Valley location. The 40,100 SF freestanding high-tech building provides excellent proximity to Fortune 500 tenants and immediate access to major routes and interstates. It is situated within 50 miles of Western PA and Philadelphia's top universities. The property is located in LVIP VII Tax Program, offering various tax incentives, including the Keystone Innovation Zone, and a financing program through the LVIP VII economic corporation. Located within 5 minutes of I-78, 240 Emery provides an ideal facility for research and development, bio-manufacturing, robotics manufacturing, and clean room production. The 80,216 SF high-tech flex building offers access to major universities and research institutions within the area. It is 11 minutes from Route 22, 15 minutes from Route 212, 8 minutes from Route 412, 5 minutes from I-78, and 6 minutes to I-378.

Key Highlights

  • Immediate access to major routes and interstates, including I‑78 (5 minutes away).
  • Located in LVIP VII Tax Program offering various tax incentives and financing programs.
  • 40,100 SF freestanding Class A high‑tech flex building with expansion opportunities.**

Property Analytics

Current Use

Evident Scientific Corporate Office RMS Corporate Office

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Restaurant Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

223
Businesses Nearby
Under-served
Demand for This Use

Demographics for 18015, PA

33,286
Population
12,867
Households
2.6
Avg Household Size
32
Median Age
31%
College-Educated
87%
High-School Grad
23.2 sq mi
ZIP Area
1,435
Density / Sq Mi
$58,470
Median Household Income
$32,703
Median Earnings
$1,310
Median Rent
$243,100
Median Home Value

Market

Lease Benchmarks for Bethlehem, PA

$13.01 /SF/Yr
Avg Asking Price
$9–$20 /SF/Yr
Price Range
23,806 SF
Avg Space Size

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Class A flex building in premiere Lehigh Valley location.
Where is this flex space located?
The property is located at 240 Emery Street Bethlehem, PA.
What are key features of this property?
This property features: Immediate access to major routes and interstates, including I‑78 (5 minutes away).; Located in LVIP VII Tax Program offering various tax incentives and financing programs.; 40,100 SF freestanding Class A high‑tech flex building with expansion opportunities.**
More about this property
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