Medical Office Building with Available
For Sale
Contact for pricing
2900 Hamilton Blvd, Allentown, PA 18104
Occupied by dental and engineering users, with lower-level space available for use or lease.
Property Size6,900 SF
Price / SF$246.38
Days on Market360
Property Features for 2900 Hamilton Blvd
General Information
Standard status
Active
Size
6,900 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Building Details
Buildings
1
Building Size
6,900 SF
Tenancy
Multi
Listing Agency:
James Balliet Property Group
(610) 435-1800
Listed By:
Yousef Alhaddad
(484) 725-9709
Source:
Moodyscre
Added: Nov 6, 2025
Changed: Oct 26
Last Checked: Nov 1 at 4:30AM
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 James Balliet Property Group
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Investment Insights
Based on property information with market context.
This 6,900-square-foot medical office building at 2900 Hamilton Boulevard is occupied by a dental operator and a regional engineering firm. The lower level includes 1,500 square feet available for use or lease, providing additional flexibility within the existing building configuration.
The property is positioned on an island parcel along Hamilton Boulevard with shared ingress and egress with Wells Fargo Bank. It is located less than one mile from Lehigh Valley Hospital-Cedar Crest and directly across from Cedar Crest College. Muhlenberg College, Dorney Park, and PPL Center are also identified in the surrounding area.
The property is positioned on an island parcel along Hamilton Boulevard with shared ingress and egress with Wells Fargo Bank. It is located less than one mile from Lehigh Valley Hospital-Cedar Crest and directly across from Cedar Crest College. Muhlenberg College, Dorney Park, and PPL Center are also identified in the surrounding area.
Key Highlights
- 6,900‑square‑foot medical office building
- Occupied by a dental operator and regional engineering firm
- 1,500 square feet available on the lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,386
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,720
$1.2M
Cap Rate 7%
$862,657
$862.7K
Cap Rate 9%
$670,956
$671.0K
Market Conditions
NOI Build-Up for 6,900 SF
Gross rent
$107.6K $15.60/SF
− Vacancy
−$7.0K −$1.01/SF
EGI
$100.6K $14.59/SF
− OpEx
−$40.3K −$5.83/SF
NOI
$60.4K $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%
$1,207,720
Cap Rate 7%
$862,657
Cap Rate 9%
$670,956
Alternative Uses
Best Use
Healthcare Medical
$862.7K
$754.8K – $1.01M
NOI $60,386 @ 7.0% cap · market cap 3.55%
Second Best
Office B
$535.1K
$468.2K – $624.3K
NOI $37,459 @ 7.0% cap · market cap 2.20%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $94,889 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
680
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Occupied by dental and engineering users, with lower-level space available for use or lease.
Where is this medical office space located?
The property is located at 2900 Hamilton Blvd Allentown, PA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 6,900‑square‑foot medical office building; Occupied by a dental operator and regional engineering firm; 1,500 square feet available on the lower level
