Medical Office with Exam
For Sale
$589,900
514 Delaware Avenue, Bethlehem, PA 18015
CommercialSale, Fountain Hill Boro, PA
Property Size1,665 SF
Lot Size0.29 Acres
Price / SF$354.29
Days on Market8
Property Features for 514 Delaware Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RO
Parking
10
Security features
Security
Elementary school district
Bethlehem
Middle school district
Bethlehem
High school district
Bethlehem
Directions
Take PA-378 South toward Bethlehem. Cross the Hill-to-Hill Bridge into south Bethlehem. Continue on PA-378 and take the exit toward Third Street / South Bethlehem. Turn onto Wyandotte Street and continue east. Turn onto Delaware Avenue.
Subdivision
Fountain Hill
Standard status
Active
APN
642733870523-1
Size
1,665 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
8553
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2001
Number of units
1
Building materials
VinylSiding
Listing Agency:
RE/MAX Real Estate · RE/MAX International
(610) 770-9000
Listed By:
Creighton Faust
(610) 349-8482
Added: Sep 29
Last Checked: Oct 6 at 8:06AM
MLS# 785271
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.
Investment Insights
Based on property information with market context.
This 1,665-square-foot medical office property, built in 2001, has a reception area, four private exam rooms, two offices, a kitchen, a storage room, and two restrooms. Improvements include LED lighting installed approximately three years ago and a recently paved parking lot. The building has vinyl siding, natural gas heat, central air, public water, and public sewer. It is zoned RO.
At 514 Delaware Avenue in Fountain Hill, the property is among other professional offices and near St. Luke's Hospital and major roadways. The building sits back from the property frontage, leaving potential room for an addition subject to borough approval.
At 514 Delaware Avenue in Fountain Hill, the property is among other professional offices and near St. Luke's Hospital and major roadways. The building sits back from the property frontage, leaving potential room for an addition subject to borough approval.
Key Highlights
- 1,665‑square‑foot medical office property on a 0.29‑acre lot
- Four exam rooms, two offices, reception area, kitchen, storage room, and two restrooms
- Built in 2001; 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.
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A room-divided layout includes private exam rooms, offices, reception, and support areas for medical or other professional services.
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 property on a 0.29‑acre lot; Four exam rooms, two offices, reception area, kitchen, storage room, and two restrooms; Built in 2001; LED lighting installed approximately three years ago
