Property profile

306 S New St Bethlehem, PA 18015

FOR LEASE
Office Spaces
Property ID
US73-0767905
105,274 SF 0.44 ac lot Built 2018
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The Gateway at Greenway Park, located at 306 S New St, Bethlehem, PA 18015, offers exceptional executive office space in a prime Central Business District location. This Class A building, constructed in 2018, boasts a total of 127,832 square feet and features multiple suites available for lease. The building's design incorporates abundant natural lighting and provides 24-hour access for ultimate convenience. Currently, there are four spaces available, with a maximum contiguous space of 4,422 square feet. The property is zoned for Central Business District use and is conveniently connected to a 600-car parking garage, ensuring ample parking for tenants and their clients. The building is comprised of six total suites, offering a variety of sizes to accommodate diverse business needs. This mixed-use property in Northampton County presents a unique opportunity for businesses seeking a modern, well-located, and highly accessible office space in the vibrant Southside Bethlehem area. The property's APN is P6SE1A-10-11-0204. This is an excellent opportunity to establish a presence in a thriving business community. Inquire today to learn more about available spaces and lease terms.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2018
Total area 105,274 SF
Lot 0.44 ac (19,259 SF)
Zoning code CB
APN P6SE1A 10 11 0204
UPID US73-0767905

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
  • Physician
  • Physician
  • Real Estate Agency
  • Medical Clinic
  • Physician

Location

306 S New St Bethlehem, PA 18015
Bethlehem metro Census 11000 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.68M
Blend (final) Blend
$1.07M

Owner & transaction history

since 2017
7 recorded transactions
2022
Price N/A
2020
Price N/A
2017
Price N/A
2017
Price N/A
2016
$72,416
2016
$100,156
2012
$500,000

Zoning & alternative use

CB · Bethlehem, PA
Zoning description

(i) CB Central Business District - To provide for an orderly coordinated development of varied commercial business and office uses in combination with limited intensive residential development in the central business are…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $13.2M +33.0%
Auto repair, garage $12.8M +28.2%
Restaurant $11.8M +18.4%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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