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Property profile & analytics
OFF-MARKET
Office Spaces

35 Elizabeth Ave Bethlehem, PA 18018

39,196 SF 0.33 ac lot Built 1950
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Year built 1950
Total area 39,196 SF
Lot 0.33 ac (14,375 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
Current use
Occupant on record · Public records
  • David R. Youngelman, Psy.D. Physician Medical Clinic
  • Simplicity Hair Salon
  • Tinker Psychotherapy Services Crisis Center Medical Clinic
  • Behrens Peter J Physician Medical Clinic
  • Shear Elliot S DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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