Log In/Sign Up
Your email has been sent.
Park Professional Building 2200 W Hamilton St 43,038 SF 85% Leased Office Building Allentown, PA 18104 $6,500,000 ($151.03/SF) 7.30% Cap Rate
Investment Highlights
- Highly visible, ideal location in West Allentown.
- Onsite professional management and maintenance with 24 hour building access.
- Convenient to highways, hospitals, downtown, public transportation, shopping, etc.
- Across from Cedar Beach and overlooking scenic Muhlenberg Lake.
Executive Summary
This property is fit for all businesses with office suites ranging from 332 square feet to 6,565 square feet. 2200 W Hamilton St has interior renovations available in addition to onsite professional management and maintenance. There is ample off-street parking available for commuters and guests. The large conference room is available for tenant use. Electric, heat, and air conditioning are included in all rental rates. Suites can be built to suit with the inclusion of a negotiable landlord rental allowance.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
43,038 SF
Building Class
C
Year Built
1968
Price
$6,500,000
Price Per SF
$151.03
Cap Rate
7.30%
NOI
$474,500
Percent Leased
85%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
10,760 SF
Building FAR
0.58
Lot Size
1.70 AC
Zoning
B-3 - Highway Business District, which is intended to provide locations for retail businesses and services that serve the city and beyond.
Parking
115 Spaces (2.67 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Signage
- Wheelchair Accessible
- Monument Signage
- Backup Power / Generators
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 549626485397-1 | Improvements Assessment | $2,721,100 |
| Land Assessment | $444,300 | Total Assessment | $3,165,400 |
Property Taxes
Parcel Number
549626485397-1
Land Assessment
$444,300
Improvements Assessment
$2,721,100
Total Assessment
$3,165,400
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
Park Professional Building | 2200 W Hamilton St