Technical
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Property profile

123 22Nd St Easton, PA 18042

FOR LEASE
Investment properties
Property ID
US73-2577559
5,034 SF 0.15 ac lot Built 1990
Entity Owned 7-yr Hold
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Property summary

AI-generated overview

This exceptional medical office building, located at 123 S 22nd St in Easton, Pennsylvania, offers a fantastic opportunity for medical professionals seeking flexible and conveniently located space. The building, a Class C property constructed in 1990, totals 5,034 square feet and is situated directly across from Easton Hospital, providing unparalleled access to patients and medical resources. Currently, 405 square feet of space is vacant, offering multiple leasing options. Individual suites range from a minimum of 89 square feet to a maximum contiguous space of 167 square feet, with the possibility of combining suites to accommodate larger practices. The building features a shared common area conference room and waiting area, enhancing efficiency and professionalism. All utilities are included in the lease, with tenants responsible only for internet and phone services. Monthly rental rates range from $495 to $850, depending on the size of the chosen suite. This property's location in Northampton County offers easy access to major highways and routes within the thriving Lehigh Valley, making it an ideal location for a medical practice seeking high visibility and convenient access for patients. The building's recent renovation ensures a modern and comfortable work environment.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1990
Total area 5,034 SF
Lot 0.15 ac (6,500 SF)
Zoning code H1
APN L9SW1C 13 1 0837
UPID US73-2577559

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Hearing Aid Store Hearing Aid Repair Service
  • Physician
  • Crisis Center Medical Clinic
  • Nail Salon

Location

123 22Nd St Easton, PA 18042
Easton metro Census 17200 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$785k
Comparable Approach Comparable
$911k
Blend (final) Blend
$755k

Owner & transaction history

since 2019
4 recorded transactions
2019
Price N/A
2019
$185,000
2018
Price N/A
1969
Price N/A

Zoning & alternative use

H1 · Easton, PA
Top alternative use upside
Medical building $770,000 +23.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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