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Property profile & analytics
FOR SALE
Outlet malls

622 Union Blvd Allentown, PA 18109

11,000 SF 1 ac lot Built 1987
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US73-0949539
Property summary
AI-generated overview

This exceptional 18,219 square foot medical facility, built in 2023, presents a unique opportunity in the thriving East Allentown Health Care submarket. Currently offering 3,800 square feet of vacant, high-quality space, this single-tenant property is ideally suited for a variety of medical practices. Previously used as an urgent care center, the suite boasts top-of-the-line construction, furniture, and equipment, all in excellent, barely used condition. Designed to comfortably accommodate staff and up to 20 patients, the space is completely self-contained and physically separated from the rest of the building, ensuring security, control, and confidentiality. The suite features its own 400 AMP electrical power supply, along with independent gas heating, cooling, and hot water systems. Security measures include a separate employee entrance, a comprehensive alarm system, security cameras, and a sprinkler system. Ample parking is provided with 45 spaces located conveniently in front of and to the side of the building. The property sits on a 43.603-acre lot, zoned B-3 Highway Business, and has a property tax cost per square foot of $2.47. The address is 622 Union Blvd, Allentown, PA 18109, with a cross street of Fenwick St. The APN is 640778020334. This turnkey solution offers immediate occupancy and a significant advantage for any medical practice seeking a modern, secure, and well-equipped facility in a prime location.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1987
Total area 11,000 SF
Lot 1 ac (43,604 SF)
Zoning code B-3
APN 640778020334-1
UPID US73-0949539
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
  • AFC Urgent Care Allentown Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.48M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.43M
Blend (final) Blend
$1.44M
Owner & transaction history
622 Union Blvd LLC · 4 yrs held
622 Union Blvd LLC
since 2022
Last sale
$1.4M
3 recorded transactions
2023
Price N/A
2022
$1.4M
2018
$800,000
Zoning & alternative use
B-3 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.4M +107.3%
Restaurant $2.1M +87.9%
Auto repair, garage $2.1M +84.1%
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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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