Multi-Story Office
For Sale
Contact for pricing
446 UNION BOULEVARD, Allentown, PA 18109
Professional office property with elevator service, on-site parking, and a vacant suite available for immediate occupancy.
Property Size17,640 SF
Price / SF$0.34
Days on Market99
Property Features for 446 UNION BOULEVARD
General Information
Standard status
Active
Size
17,640 SF
Total Parking Spaces
63
Elevators
Yes
Property subtype
Commercial
Amenities
drive-thru
Building Details
Year Built
1987
Construction
brick
Tenancy
Multi
Listing Agency:
I-DO Real Estate
(484) 951-1655
Listed By:
Katherine Medina · License #rs366693
(484) 951-1351
Source:
Cummingsrealtors
Added: Jul 30
Changed: Nov 5
Last Checked: Nov 4 at 2:49PM
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 I-DO Real Estate
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Investment Insights
Based on property information with market context.
This 17,640-square-foot office property, constructed in 1987, presents a multi-story professional setting with a contemporary brick exterior. One suite is vacant and available for immediate occupancy. Interior common areas are maintained, and elevator access supports convenient movement throughout the building. The property also includes a drive-through feature for businesses that require drive-by service, subject to applicable approvals.
The building is located at 446 Union Boulevard in Allentown, with access to major roadways and 63 total on-site parking spaces. It serves as an established professional environment with an existing tenant mix. Commercial uses, including office and medical applications, require zoning approval from the city of Allentown.
The building is located at 446 Union Boulevard in Allentown, with access to major roadways and 63 total on-site parking spaces. It serves as an established professional environment with an existing tenant mix. Commercial uses, including office and medical applications, require zoning approval from the city of Allentown.
Key Highlights
- 17,640‑square‑foot multi‑story office property at 446 Union Boulevard
- One vacant suite available for immediate occupancy
- 63 total on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,764
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,915,280
$1.9M
Cap Rate 7%
$1,368,057
$1.4M
Cap Rate 9%
$1,064,044
$1.1M
Market Conditions
NOI Build-Up for 17,640 SF
Gross rent
$137.6K $7.80/SF
− Vacancy
−$9.9K −$0.56/SF
EGI
$127.7K $7.24/SF
− OpEx
−$31.9K −$1.81/SF
NOI
$95.8K $5.43/SF
Area
Allentown, PA
Vacancy
7.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,915,280
Cap Rate 7%
$1,368,057
Cap Rate 9%
$1,064,044
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,764 @ 7.0% cap · market cap 1,596.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.47M
$3.03M – $4.04M
NOI $242,585 @ 7.0% cap · market cap 4,043.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
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Business Placement
Demographics for 18109, PA
18,915
Population
7,395
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
80%
High-School Grad
8.2 sq mi
ZIP Area
2,307
Density / Sq Mi
$55,437
Median Household Income
$36,632
Median Earnings
$1,239
Median Rent
$180,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office property with elevator service, on-site parking, and a vacant suite available for immediate occupancy.
Where is this office unit located?
The property is located at 446 UNION BOULEVARD Allentown, PA.
What are key features of this property?
This property features: 17,640‑square‑foot multi‑story office property at 446 Union Boulevard; One vacant suite available for immediate occupancy; 63 total on‑site parking spaces
