529 Broad St, Bethlehem, PA 18018-5218
- Medical Office Space
- 7,800 SF
- 0.24 lot acres
Current Use by Public Records
- Real Recording Studio / Recording Studio
- Rehabilitation Services–529 West Broad / Rehabilitation Center / Medical Clinic
- The Center Lehigh Valley / Church
- HNL Lab Medicine / Laboratory
- Bethlehem Christian Training / Church
Property Details for 529 Broad St
- Year built
- 1915
- Lot size
- 0.24 lot acres
- Zone code
- CL
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 642738322572-1
- APU
- 6427383225721
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 28, 2026 | — | Lehigh Valley Private Equity F | — | Deed · related | $1.3M · Penn Community Bank |
| Nov 21, 2025 | $1,749,000 | Lehigh Valley Private Equity Fund L | 529 West Broad LP | Deed | — |
| Aug 12, 2025 | — | 529 West Broad LP | — | Deed · related | $900k · American Bank |
| Mar 16, 2020 | — | 629 West Broad LP | — | Deed · related | $76k · Merchants Bank Of Bangor |
| Jun 3, 2014 | $754,900 | 529 West Broad LP | Young,robert P & Joanne P | Grant Deed | $1.4M · Merchants Bk/bangor |
| Jan 17, 2001 | $325,000 | Robert P Young | Paul,douglas C & Elise B | Grant Deed | $263k · Douglas C Paul |
| — | — | Robert P Young | — | Deed Of Trust · related | $399k · Embassy Bank Lehigh Valley |
| — | — | Robert P Young | — | Deed Of Trust · related | $296k · Embassy Bank Lehigh Valley |
| — | — | Robert P Young | — | Deed Of Trust · related | $255k · Embassy Bank |
| — | — | 529 West Broad LP | — | Deed Of Trust · related | $76k · Merchants Bk/bangor |
Description
This 7,841 square foot medical office building in Bethlehem, PA, offers a compelling investment opportunity. The property is a fee simple ownership (land and building) with a net lease to Lehigh Valley Health Network (LVHN), a major healthcare provider with nine hospital campuses and numerous other facilities across seven Pennsylvania counties. The current lease, commenced December 22, 2014, and expires December 22, 2029, includes a 5-year option, and features annual 2.0% rent bumps, ensuring consistent income growth and inflation hedging. The building, constructed in 1915 and renovated in 2014, sits on a 0.246-acre lot at a high-visibility corner location on West Broad Street, directly off Fred B. Rooney Highway (State Hwy 378), offering excellent access and visibility. The property's NOI is $156,820, resulting in a 7.00% cap rate. Landlord responsibilities are limited to roof, structure, and exterior maintenance, making this an ideal low-management investment. The tenant pays CAM, taxes, and insurance. The building's proximity (approximately 3 miles) to the 238-bed LVHN Muhlenberg campus further enhances its value and stability. This is a rare opportunity to acquire a well-located, net-leased medical office building with a strong tenant and significant upside potential.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $830,000
- 6.5%
- $770,000
- 7%
- $715,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $469,000
Market price range: $279k - $973k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bethlehem
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.3908
- Latitude
- 40.6222
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
