Medical Office
New
For Sale
$439,900
2895 Hamilton Boulevard, Allentown, PA 18104
CommercialSale, Allentown City, PA
Property Size2,380 SF
Lot Size0.37 Acres
Price / SF$184.83
Days on Market2
Property Features for 2895 Hamilton Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-H
Parking
50
Parking features
Parking Lot
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
West on Hamilton Boulevard, located on Hamilton between College Drive and Hamilton Boulevard Bypass.
Subdivision
Allentown-West
Standard status
Active
APN
548684922540-7
Size
2,380 SF
Lot size
0.37 Acres
Additional Details
Tenant in Place
Yes
Property Use
Medical Office
Taxes and HOA fees
Tax Annual Amount
12895
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Building materials
Brick
Listing Agency:
CENTURY 21 Keim Realtors · Century 21 Real Estate
(610) 395-0393
Listed By:
Loren K. Keim Jr. · License #RM420221
(877) 208-4158
Added: Oct 31
Last Checked: Nov 1 at 6:06PM
MLS# 786963
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.
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Investment Insights
Based on property information with market context.
This 2,380-square-foot medical office condominium includes a reception area, patient waiting room and seven private exam rooms that can also function as offices. Luxury vinyl flooring is among the recent improvements. The building is brick, was constructed in 1984 and has electric heat and central air conditioning.
The property is located at 2895 Hamilton Boulevard, along Route 222, with access at a signalized intersection. It is part of an established office complex and is currently leased. Zoning is R-H. Public water and public sewer serve the property.
The property is located at 2895 Hamilton Boulevard, along Route 222, with access at a signalized intersection. It is part of an established office complex and is currently leased. Zoning is R-H. Public water and public sewer serve the property.
Key Highlights
- 2,380‑square‑foot medical office condominium
- Seven private exam rooms, also suitable as offices
- Reception area and patient waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,829
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,580
$416.6K
Cap Rate 7%
$297,557
$297.6K
Cap Rate 9%
$231,433
$231.4K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$37.1K $15.60/SF
− Vacancy
−$2.4K −$1.01/SF
EGI
$34.7K $14.59/SF
− OpEx
−$13.9K −$5.83/SF
NOI
$20.8K $8.75/SF
Area
Allentown, PA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,580
Cap Rate 7%
$297,557
Cap Rate 9%
$231,433
Alternative Uses
Best Use
Healthcare Medical
$297.6K
$260.4K – $347.2K
NOI $20,829 @ 7.0% cap · market cap 4.73%
Second Best
Office B
$184.6K
$161.5K – $215.4K
NOI $12,921 @ 7.0% cap · market cap 2.94%
Theoretical Best
Specialty Retail
$467.6K
$409.1K – $545.5K
NOI $32,730 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18104, PA
47,289
Population
18,686
Households
2.5
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
23.0 sq mi
ZIP Area
2,056
Density / Sq Mi
$94,279
Median Household Income
$48,585
Median Earnings
$1,620
Median Rent
$296,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Seven exam rooms and a reception and waiting area support a medical or professional office layout.
Where is this medical office space located?
The property is located at 2895 Hamilton Boulevard Allentown, PA.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 2,380‑square‑foot medical office condominium; Seven private exam rooms, also suitable as offices; Reception area and patient waiting room
