5325 Northgate Dr Bethlehem, PA 18017
- Medical offices
- 53,656 SF
- 10.08 lot acres
Current Use by Public Records
- Guardian Insurance Agency / Insurance Agency
- Dr. Kristen Bentson / Doctor / Health Consultant
- Bethlehem Medical Arts Center / Medical Center / Radiologist
- Lehigh Valley Aesthetics / Plastic Surgeon
- Mark E Schadt, MD / Surgeon
Property Details for 5325 Northgate Dr
- Year built
- 2002
- Lot size
- 10.08 lot acres
- Property size
- 53,656 SF
- Zone code
- RIS
- Property type
- Medical offices
- Property subtype
- Medical space
- APN
- M6 24 7H 0214
- APU
- M6247H0214
Description
This exceptional two-story, Class A office building, totaling 53,656 square feet, presents a unique investment opportunity. Situated on a 10.08-acre lot in Northampton County, the property boasts a prime location with easy access to major roadways including Routes 22, 33, and 378, via direct access to Route 512. The building features three suites, with a maximum contiguous space of 9,919 square feet, making it suitable for a variety of tenants. The building was constructed in 2002 and includes two passenger elevators, serving its two stories. Ample parking is provided with 222 spaces, catering to both tenants and visitors. The property is zoned OI-Office & Industrial District (APN: M6 24 7H 0214) and benefits from high foot traffic and excellent demographics due to its location in a high-density residential area. First-floor suites offer exceptional visibility and convenience, particularly attractive to medical professionals. Recent renovations have modernized the lobby and common areas, enhancing the overall appeal and functionality of the space. This property offers an ideal mix of medical and traditional office space, making it a highly desirable location for a diverse range of businesses. The building's strategic location and modern amenities make it a compelling investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,635,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,345,000
- 6.5%
- $4,905,000
- 7%
- $4,805,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,390,000
- Geo Method
- $5,480,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,900,000
- Retail
- $3,815,000
- Mixed-Use
- $4,845,000
- Hospitality
- $4,905,000
- Educational
- $3,905,000
- Residential Income
- $4,750,000
- Energy
- $4,140,000
- Income-Based Land
- $4,510,000
- Food Service
- $3,865,000
Location Insight
- Map
- Local Demand
- City
- Bethlehem
- County
- Northampton
- State
- Pennsylvania
- Longitude
- -75.3908
- Latitude
- 40.6638
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
