Multi-Tenant Office Building

New

For Sale

$1,995,000

701 W Broad Street, Bethlehem, PA 18018

CommercialSale, Bethlehem City, PA

Property Size21,420 SF

Lot Size0.38 Acres

Price / SF$93.14

Days on Market1

Property Features for 701 W Broad Street

General Information

Property type Commercial Sale

Property subtype Office

Zoning CL + RT

Parking 47

Parking features On Street, Parking Lot

Elementary school district Bethlehem

Middle school district Bethlehem

High school district Bethlehem

Directions From Route 22 E, Exit 378 South towards Bethlehem. Take Exit 3 towards Center City. Turn Left onto 3rd Ave. Turn Right at the 3rd Cross street onto W Broad St. Destination will be on Left

Subdivision Bethlehem-West

Standard status Active

APN 642728821419001

Size 21,420 SF

Lot size 0.38 Acres

Additional Details

Tenant in Place Yes

Property Use Office

Taxes and HOA fees

Tax Annual Amount 43677

Utilities

Sewer type Public Sewer

Heating system Natural Gas

Cooling system Central Air

Water source Public

Building Details

Year built 1960

Number of units 29

Buildings 1

Listing Agency: Keller Williams Allentown · Keller Williams Realty

Listed By: James J. Balliet · License #PA RS227612L

Added: Nov 3 Last Checked: Nov 3 at 9:06PM

MLS# 787389

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.

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Investment Insights

Based on property information with market context.

Built in 1960, this multi-tenant office property contains 21,420 square feet on a 0.382-acre site. Heating is provided by natural gas, with central air conditioning. The property has CL + RT zoning, public water and public sewer, and on-street parking. A parking lot at 534 7th Avenue is also part of the sale.

The building is on W Broad Street in Bethlehem, near the downtown area. Its location serves the greater Lehigh Valley, including Allentown, Bethlehem, and Easton.

Key Highlights

21,420‑square‑foot office building on a 0.382‑acre site
Multi‑tenant configuration
CL + RT zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$156,414

Cap Rate

7.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,128,280 $3.1M

Cap Rate 7%

$2,234,486 $2.2M

Cap Rate 9%

$1,737,933 $1.7M

Market Conditions

NOI Build-Up for 21,420 SF

Gross rent

$226.2K $10.56/SF

− Vacancy

−$17.6K −$0.82/SF

EGI

$208.6K $9.74/SF

− OpEx

−$52.1K −$2.43/SF

NOI

$156.4K $7.30/SF

Area

Lehigh County, PA

Vacancy

7.80%

Lease Rate

$10.56 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,128,280

Cap Rate 7%

$2,234,486

Cap Rate 9%

$1,737,933

Alternative Uses

Best Use

Office B

$2.23M

$1.96M – $2.61M (±1% cap)

NOI $156,414 @ 7.0% cap · market cap 7.84%

Second Best

—

no second resolved use

Theoretical Best

Mixed Use

$3.15M

$2.76M – $3.67M (±1% cap)

NOI $220,492 @ 7.0% cap · market cap 11.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

#Leegerem Spa & Massage Center Urbine Deacon W Family Counselor Speed Car Carrier Trucking Company Cindy Lou Lapp ... Real Estate Agency R4 Architecture Architect