240 Un Sta Pl Bethlehem, PA 18015
- Office Properties & Spaces
- 25,661 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 240 Un Sta Pl
- Year built
- 1940
- Property size
- 25,661 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bethlehem
- County
- Northampton
- State
- Pennsylvania
- Longitude
- -75.3831
- Latitude
- 40.6138
