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Property profile & analytics
FOR LEASE
Medical Office Space

2045 Westgate Dr Bethlehem, PA 18017

43,970 SF 1.96 ac lot Built 1984
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US73-5902902
Property summary
AI-generated overview

This exceptional four-story, Class B office building, constructed in 1984, offers 43,970 square feet of versatile space in Bethlehem, Pennsylvania. Located at 2045 Westgate Dr, 18017, this highly visible property boasts a convenient location off Schoenersville Road, providing excellent access and visibility. The building features a total of five suites, with 6,901 square feet currently vacant, offering multiple leasing options ranging from 800 to 4,618 contiguous square feet. The maximum contiguous space available for lease is 3,615 square feet. Ideal for a variety of professional uses, including medical offices, clinics, labs, general office space, law offices, and business services, this property is zoned I. Amenities include 24-hour building access, elevator service, and the possibility of tenant fit-out options. The building is well-maintained and professionally managed, ensuring a comfortable and productive work environment. This is a fantastic opportunity for businesses seeking a long-term lease in a prime Bethlehem location. Lehigh County location provides easy access to major roadways and amenities. The building's multiple suites cater to businesses of various sizes, offering flexibility and scalability.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Total area 43,970 SF
Lot 1.96 ac (85,290 SF)
Zoning code I
APN 641885104630-1
UPID US73-5902902
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
  • Angela Carden, Pocono Mountains & Lehigh Valley Real Estate Real Estate Agency
  • John R.K. Solt, P.C. Law Firm Financial Advisor
  • Mars Management Inc Social Service Agency Medical Clinic
  • Mosebach Funt Dayton & Duckworth, P.C. Law Firm
  • Dayton Jr William H Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.33M
Comparable Approach Comparable
$5.49M
Blend (final) Blend
$6.07M
Owner & transaction history
Lutheran Manor Enterprises · 20 yrs held
Lutheran Manor Enterprises
since 2005
2 recorded transactions
2022
Price N/A
2005
$6.0M
Zoning & alternative use
I · Bethlehem, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ADDITIONAL REQUIREMENTS IN THE I-O INSTITUTIONAL OVERLAY DISTRICT 1312.01 Applicability. (a) The I-O Institutional Overlay District shall serve as an overlay district to the I Institutional District. The I-O District shall exist within land areas designated on the Zoning Map. Within the I-O District, all of the same regulations shall apply as apply within th…

Zone name Institutional District
General category CIVIC_INSTITUTIONAL
Zone area 2,379.49 ac
Source Zoning Ordinance
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