1401 Cedar Crest Blvd Allentown, PA 18104
- Office buildings
- 24,000 SF
- 1.68 lot acres
Current Use by Public Records
- Laura Taber / Nurse Practitioner
- Cedar Point Corp Center S-75 / Medical Clinic
- Canam Steel Corporation / Steel Distributor
- Awareness to Change / Counselor
- Scott Jr Richard T MD / Doctor
Property Details for 1401 Cedar Crest Blvd
- Year built
- 1972
- Lot size
- 1.68 lot acres
- Property size
- 24,000 SF
- Zone code
- GC-1
- Property type
- Office buildings
- APN
- 548743757570-1
- APU
- 5487437575701
Description
This exceptional two-story Class B office building, totaling 33,244 square feet, offers flexible workspace solutions in Lehigh County. Currently, multiple suites are available for lease, ranging from 1,924 to 9,842 contiguous square feet. The building features recently renovated lobbies and common hallways, creating a modern and inviting atmosphere. Specific suite sizes include a lower-level option ranging from 2,858 to 9,842 square feet, a 1,924 square foot suite on the first floor, and a 5,384 square foot suite on the second floor. The property is situated in a professional park setting, surrounded by established corporate neighbors, ensuring a prestigious business address. Ample parking is provided for tenants and visitors. The building benefits from a strong location within a dense residential area, boasting excellent demographics and convenient access to a wide array of amenities, including Weis, Target, UPS, and CVS, all within close proximity. Commuting is a breeze with easy access to major roadways such as Route 22, Route 309, I-78, and the Pennsylvania Turnpike 476 (less than a mile to Route 22). The lease rate is $19.25 per square foot, modified gross, plus utilities and janitorial services. This property is ideal for businesses seeking a well-maintained, conveniently located office space in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $23,780,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $16,640,000
- 6.5%
- $16,565,000
- 7%
- $17,680,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $15,605,000
- Geo Method
- $16,475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $16,535,000
- Retail
- $16,885,000
- Mixed-Use
- $19,125,000
- Hospitality
- $15,775,000
- Educational
- $15,585,000
- Residential Income
- $18,230,000
- Energy
- $17,285,000
- Income-Based Land
- $16,035,000
- Food Service
- $16,145,000
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.5308
- Latitude
- 40.6119
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA