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    35 Elizabeth Ave Bethlehem, PA 18018

    Sponsored
    For Lease
    $15 SF/Yr

    Prime Lehigh Valley location, 50 suites, ample parking.

    Lot size:
    39,196 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional five-story, 39,196 square foot medical office building is situated in the heart of Downtown Bethlehem, Pennsylvania, at 35 East Elizabeth Avenue, near Chelsea Avenue. Built in 1950 and extensively renovated in 2022, the Class B property offers 50 individual suites, catering to a variety of medical practices and tenant needs, from shared spaces to larger private suites. The building boasts two elevators – a combination of traction and hydraulic – ensuring efficient vertical transportation. Ample parking is provided for tenants and clients with 150 spaces in an off-street lot located at the rear of the building. The property sits on 0.33 acres of land and is zoned 04CG. Utilities and parking are included in the gross lease rent. This strategically located building within the Lehigh Valley submarket (Philadelphia cluster) presents a unique opportunity for medical professionals seeking a modern, well-maintained space in a thriving downtown area. The building's convenient location and comprehensive amenities make it an ideal choice for establishing or expanding a medical practice.

    Property Features for 35 Elizabeth Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,196 SF
    Class
    B
    Total Rate
    48995

    Building Details

    Year Built/Renovated
    1950/2022
    Stories
    5

    Unit(s) available at that property

    Space
    2nd Floor - Suite 203
    Size
    850 SF
    Rate per SF
    $15
    Space
    1st Floor - Suite 108
    Size
    420 SF
    Rate per SF
    $15
    Space
    3rd Floor - Suite 316
    Size
    1,000 SF
    Rate per SF
    $15
    Space
    3rd Floor - Suite 309
    Size
    1,900 SF
    Rate per SF
    $15

    HighLights

    • Highly desirable Downtown Bethlehem location, walkable to amenities.
    • Quiet, professional office environment.
    • Ample on‑site parking for tenants and guests.
    Property Profile Location Intelligence

    Current Use by Public Records

    David R. Youngelman, ... Psychologist Simplicity Hair Salon Tinker Psychotherapy Services Mental Health Service Behrens Peter J Psychologist Shear Elliot S ... Dental Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.376962938557
    Latitude
    40.630912773791

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    FAQs

    What type of property is this?
    Medical office - Prime Lehigh Valley location, 50 suites, ample parking.
    Where is this medical office located?
    The property is located at 35 Elizabeth Ave Bethlehem, PA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Highly desirable Downtown Bethlehem location, walkable to amenities.; Quiet, professional office environment.; Ample on-site parking for tenants and guests.
    Request Owner's contact information
    35 Elizabeth Ave Bethlehem, PA 18018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35 Elizabeth Ave Bethlehem, PA 18018
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