Medical Office with Exam
For Sale
$589,900
514 Delaware Avenue, Bethlehem, PA 18015
The floor plan includes four exam rooms, two offices, reception, a kitchen, storage, and two restrooms.
Property Size1,665 SF
Price / SF$354.29
Days on Market16
Property Features for 514 Delaware Avenue
General Information
Standard status
Active
Size
1,665 SF
Property subtype
Commercial
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$8,552
Building Details
Building Size
1,665 SF
Year Built
2001
Buildings
1
Construction
2×6 construction
Listing Agency:
RE/MAX Real Estate
Listed By:
Creighton Faust
(610) 770-9000
Source:
Bhhspaulfordrealtors
Added: Sep 29
Changed: Oct 7
Last Checked: Oct 13 at 12:07AM
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 RE/MAX Real Estate
Investment Insights
Based on property information with market context.
Built in 2001, this 1,665-square-foot medical office in Fountain Hill has a reception area, four exam rooms, two additional offices, a kitchen, a storage room, and two restrooms. The building uses 2×6 construction and has LED lighting installed approximately three years ago. Its parking lot was recently paved, and the building sits set back on the property; a future addition may be possible, subject to approvals.
The property is among other professional offices and close to St. Luke’s Hospital and major roadways. Its room configuration supports medical, dental, therapy, or other professional business uses.
The property is among other professional offices and close to St. Luke’s Hospital and major roadways. Its room configuration supports medical, dental, therapy, or other professional business uses.
Key Highlights
- 1,665‑square‑foot medical office built in 2001
- Four exam rooms, two offices, reception area, kitchen, storage room, and two restrooms
- LED lighting installed approximately three years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,270
Cap Rate
2.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,400
$345.4K
Cap Rate 7%
$246,714
$246.7K
Cap Rate 9%
$191,889
$191.9K
Market Conditions
NOI Build-Up for 1,665 SF
Gross rent
$25.0K $15.00/SF
− Vacancy
−$1.9K −$1.17/SF
EGI
$23.0K $13.83/SF
− OpEx
−$5.8K −$3.46/SF
NOI
$17.3K $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%
$345,400
Cap Rate 7%
$246,714
Cap Rate 9%
$191,889
Alternative Uses
Best Use
Office B
$246.7K
$215.9K – $287.8K
NOI $17,270 @ 7.0% cap · market cap 2.93%
Second Best
Healthcare Medical
$173.7K
$152.0K – $202.6K
NOI $12,158 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$315.8K
$276.3K – $368.4K
NOI $22,106 @ 7.0% cap · market cap 3.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,693
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The floor plan includes four exam rooms, two offices, reception, a kitchen, storage, and two restrooms.
Where is this medical office space located?
The property is located at 514 Delaware Avenue Bethlehem, PA.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: 1,665‑square‑foot medical office built in 2001; Four exam rooms, two offices, reception area, kitchen, storage room, and two restrooms; LED lighting installed approximately three years ago
