119 Technology Dr Bethlehem, PA 18015-1327
- Office Properties & Spaces
- 44,592 SF
- 3.95 lot acres
Current Use by Public Records
- IQE Inc. / Business Center
Property Details for 119 Technology Dr
- Year built
- 1993
- Lot size
- 3.95 lot acres
- Property size
- 44,592 SF
- Zone code
- HI
- Property type
- Office Properties & Spaces
- APN
- P6 2 2F 0204
- APU
- P622F0204
Description
This exceptional 48,000-square-foot Class B industrial manufacturing facility, built in 1993, is situated on a 4-acre lot in Bethlehem, Pennsylvania (zip code 18015). The single-story building features 18'-22' ceiling heights and boasts three loading docks, making it ideal for efficient operations. The property is zoned IR (Industrial Redevelopment District) and includes a small mezzanine office area accessible by elevator. Utilities include public water/sewer, natural gas heating, and substantial power: 2000 Amps, 480 Volt, 3-Phase Heavy, with 1 DC and 2 AC power sources. Four on-site backup generators and two UPS battery backups ensure reliable power. The facility is well-equipped with 32 clean rooms, perfect for research and development, along with a machine shop, five conference rooms, a large breakroom, employee lockers, and showers. Ample parking is available. The property offers convenient access to major highways and Lehigh Valley International Airport, providing easy access to major northeastern metropolitan areas. Recent interior renovations, most notably in 2016, have maintained the building's high standard. Two points of ingress/egress are available via Technology Drive and E. 2nd Street. The property's location in South Bethlehem places it near Lehigh University, Ben Franklin Technology Partners, and Orasure Technology.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,525,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,240,000
- 6.5%
- $6,050,000
- 7%
- $5,125,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,995,000
- Geo Method
- $4,950,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,045,000
- Retail
- $6,280,000
- Mixed-Use
- $5,570,000
- Hospitality
- $6,030,000
- Educational
- $5,835,000
- Residential Income
- $6,570,000
- Energy
- $5,225,000
- Income-Based Land
- $6,225,000
- Food Service
- $5,860,000
Location Insight
- Map
- Local Demand
- City
- Bethlehem
- County
- Northampton
- State
- Pennsylvania
- Longitude
- -75.3778
- Latitude
- 40.6135
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA