667 Union Blvd Allentown, PA 18109
Property summary
This exceptional 7,356-square-foot creative office building, constructed in 1961 and extensively renovated in 2014, presents a unique investment opportunity in Allentown, PA. The single-tenant property sits on a 0.31-acre lot (13,634 square feet) and boasts a flexible layout ideal for owner-occupancy or multi-tenant conversion. The two-story building, zoned B-3, features a welcoming open lobby on the first floor, complemented by two expansive open office areas perfect for collaborative workspaces. Three conference rooms of varying sizes cater to diverse meeting needs, while two private offices provide executive space. Ample storage, a convenient kitchenette, and multiple restrooms enhance functionality. The second floor offers a mix of private offices in various sizes, further enhancing the building's adaptability. A small basement provides additional storage. The property includes on-site parking for up to 14 vehicles, with supplementary on-street parking readily available. Its prime location on Union Boulevard offers easy access to downtown Allentown and Route 22, ensuring excellent visibility and convenient commuting for employees and clients. This well-maintained building presents a compelling opportunity for both owner-users and investors seeking a versatile and strategically located commercial property in a thriving area. The building's 0.54 FAR provides potential for future expansion or redevelopment.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Corporate Office
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Insurance Agency
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Insurance Agency
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Corporate Office
Value estimations
Owner & transaction history
Zoning & alternative use
IG- or IM-zoned lots or on lots that were classified in the B-3 zoning district on the day before the effective date specified 10-11 CITY OF ALLENTOWN PA Zoning Ordinance Article 10 Signs 660-101 Signs in MX-C, MX-S, GX-…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Allentown market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
B-3 · Allentown, PAIG- or IM-zoned lots or on lots that were classified in the B-3 zoning district on the day before the effective date specified 10-11 CITY OF ALLENTOWN PA Zoning Ordinance Article 10 Signs 660-101 Signs in MX-C, MX-S, GX-…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-3 in Allentown, PA.
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