240 Un Sta Pl Bethlehem, PA 18015
This exceptional mixed-use, Class B medical office building, located at 240 Union Station Plaza in Bethlehem, Pennsylvania, presents a unique investment opportunity. The 25,661 square foot property, situated on a 97,139 square foot lot (approximately 2.23 acres), boasts a rich history, having been originally constructed in 1940 as a train station and extensively renovated in 2002 and again in 2015. The two-story building features a single-tenant occupancy currently, but offers significant potential for subdivision into multiple units or adaptive reuse. The interior includes a main lobby with multiple entrances, stairwells to the second floor and a largely unfinished basement. The exterior showcases a primarily brick façade with textured accents. The property benefits from its location within the Keystone Innovation Zone (KIZ) and is zoned Central Business District (CBD). The building is adjacent to an active rail line on its northern side. The property is available for occupancy on October 14, 2024, and the current occupant is open to a short-term sale-leaseback arrangement. This presents a rare chance to acquire a fully renovated, high-quality office space in a desirable Southside Bethlehem location. The permitted zoning is CB - Central Business District.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.