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Property profile & analytics
OFF-MARKET
Office Spaces

240 Un Sta Pl Bethlehem, PA 18015

25,661 SF Built 1940
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1940
Total area 25,661 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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