Two-Story Office
For Sale
$1,500,000
3708 Freemansburg Avenue, Bethlehem, PA 18020
Corner property with updated HVAC, a new roof, and first-floor office fit-out plans.
Property Size10,908 SF
Days on Market238
Property Features for 3708 Freemansburg Avenue
General Information
Standard status
Active
Size
10,908 SF
Class
B
Property subtype
Multi Tenant Office
Building Details
Building Size
10,908 SF
Year Built
1950
Listing Agency:
Feinberg Real Estate Advisors, LLC
Listed By:
Cindy McDonnell Feinberg · License #RM423190
(610) 709-6233
Source:
Thebrokerlist
Added: Feb 18
Changed: Oct 5
Last Checked: Oct 14 at 7:32PM
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 Feinberg Real Estate Advisors, LLC
Investment Insights
Based on property information with market context.
This 10,908-square-foot office building occupies two stories at the intersection of Freemansburg Avenue and Sculac Road. Updated architectural plans are available for a first-floor office fit-out, while building improvements include a new roof, updated HVAC, and a public sewer connection. The property was built in 1950.
The site provides access to New Jersey, Route 33, and Interstate 78. Services, restaurants, retail, and residential development are located nearby, along with St. Luke's and Lehigh Valley Health Network facilities in Bethlehem Township. The source information identifies potential applications including business or professional office use, dental or medical office space, retail, nursery school or day care, and restaurant use; permitted uses should be confirmed with the Bethlehem Township zoning office.
The site provides access to New Jersey, Route 33, and Interstate 78. Services, restaurants, retail, and residential development are located nearby, along with St. Luke's and Lehigh Valley Health Network facilities in Bethlehem Township. The source information identifies potential applications including business or professional office use, dental or medical office space, retail, nursery school or day care, and restaurant use; permitted uses should be confirmed with the Bethlehem Township zoning office.
Key Highlights
- 10,908‑square‑foot, two‑story office building
- Corner location at Freemansburg Avenue and Sculac Road
- Updated architectural plans for first‑floor office fit‑out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,143
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,262,860
$2.3M
Cap Rate 7%
$1,616,329
$1.6M
Cap Rate 9%
$1,257,144
$1.3M
Market Conditions
NOI Build-Up for 10,908 SF
Gross rent
$163.6K $15.00/SF
− Vacancy
−$12.8K −$1.17/SF
EGI
$150.9K $13.83/SF
− OpEx
−$37.7K −$3.46/SF
NOI
$113.1K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,262,860
Cap Rate 7%
$1,616,329
Cap Rate 9%
$1,257,144
Alternative Uses
Best Use
Office B
$1.62M
$1.41M – $1.89M
NOI $113,143 @ 7.0% cap · market cap 7.54%
Second Best
Healthcare Medical
$1.14M
$995.7K – $1.33M
NOI $79,653 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,823 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 18020, PA
20,582
Population
7,940
Households
2.6
Avg Household Size
45
Median Age
42%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
1,583
Density / Sq Mi
$122,610
Median Household Income
$53,144
Median Earnings
$1,493
Median Rent
$348,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Corner property with updated HVAC, a new roof, and first-floor office fit-out plans.
Where is this office building located?
The property is located at 3708 Freemansburg Avenue Bethlehem, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,908‑square‑foot, two‑story office building; Corner location at Freemansburg Avenue and Sculac Road; Updated architectural plans for first‑floor office fit‑out
