35 Elizabeth Ave Bethlehem, PA 18018
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.
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David R. Youngelman, Psy.D. Physician Medical Clinic
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Simplicity Hair Salon
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Tinker Psychotherapy Services Crisis Center Medical Clinic
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Behrens Peter J Physician Medical Clinic
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Shear Elliot S DDS Dental Office
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
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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.