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Embassy Bank | Allentown, PA 1142 S Cedar Crest Blvd 2,307 SF Retail Building Allentown, PA 18103 $4,000,000 ($1,733.85/SF) 7% Cap Rate
Investment Highlights
- Long-term corporate Absolute NNN lease with 2.5% annual rent increases, providing stable cash flow and built-in income growth.
- Located just 0.3 miles from I-78 with excellent visibility at a signalized intersection, providing strong accessibility.
- Strong surrounding demographics with 224,955 residents, 237,805 daytime employees, and $149,000+ average household income within one mile.
- Embassy Bank for the Lehigh Valley has operated at this location since 2009, with approximately $127M in branch deposits and $1.8B+ in total assets.
- Positioned near Lehigh Valley Hospital–Cedar Crest, the region's largest hospital and one of Pennsylvania's largest healthcare campuses.
- Surrounded by major demand drivers, including Cedar Crest College and Dorney Park & Wildwater Kingdom, generating consistent traffic year-round.
Executive Summary
The property is strategically positioned along South Cedar Crest Boulevard in one of the most established commercial corridors in the region. The site benefits from immediate proximity to Lehigh Valley Hospital–Cedar Crest, the largest hospital in the Lehigh Valley and the third-largest hospital in Pennsylvania, with 877 licensed beds and 46 operating rooms. The hospital campus serves as a major regional employment center and generates significant daily traffic from employees, patients, and visitors.
The surrounding trade area is supported by strong demographics and a dense daytime population. Approximately 224,955 residents and 85,549 households are located within a five-mile radius of the property, with average household income exceeding $149,000 within one mile. The daytime population within five miles totals approximately 237,805, reflecting the area’s concentration of healthcare, education, retail, and employment activity.
The property benefits from strong regional demand drivers including Cedar Crest College, a private liberal arts college founded in 1867 with more than 1,500 students, and Dorney Park & Wildwater Kingdom, which attracts approximately 1.4 million annual visitors. These institutions, combined with the hospital and surrounding commercial development, generate consistent traffic and long-term stability throughout the trade area.
Property Facts
Amenities
- Security System
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Finance and Insurance
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Embassy Bank is a Pennsylvania-chartered community bank founded in 2001 and headquartered in Bethlehem, Pennsylvania. The bank was incorporated in May 2001 and opened for business in November of that year. Embassy Bank operates as the principal subsidiary of Embassy Bancorp, a registered bank holding company. The institution provides a range of personal and business banking services, including deposit products, consumer and commercial lending, residential mortgage lending, cash management, and digital banking services. The bank primarily serves individuals, small businesses, and commercial clients within eastern Pennsylvania. Embassy Bank is regulated by the Federal Deposit Insurance Corporation and is state chartered. Its holding company, Embassy Bancorp, is publicly traded on the OTCQX market under the ticker symbol EMYB. Over time, the organization has expanded its service footprint within its regional market through additional branch locations and investments in online and mobile banking platforms. Embassy Bank has also reported milestones related to financial performance and governance through regular regulatory filings and investor disclosures.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Finance and Insurance | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 548588071238-1 | Improvements Assessment | $408,400 |
| Land Assessment | $226,600 | Total Assessment | $635,000 |
Property Taxes
