3720 Nazareth Pike
Bethlehem, PA 18020
PRIME 2.66-ACRE GROUND LEASE OPPORTUNITY · For Lease

Scope Investment Real Estate Services is pleased to present for lease: 3720 Nazareth Pike Bethlehem, PA., 18020. The subject property consists of approximately 2.66 acres or 115,782 square feet w/ approximately 520 feet of road frontage along the highly trafficked commercial corridor of Nazareth Pike. This highly visible location is currently leased to a new and used automotive car dealership. The property is available for ground lease and can be used as is. The anticipated highest and best use for the subject property is for auto sales/services, bus station or taxi terminal, outdoor recreation, building contractor’s office and storage, flea market, or lumber yard. Please contact agents for more details and information related to permitted and proposed uses. The current zoning designation is General Commercial (GC) and is categorized as Commercial (Retail). The overall Traffic Count (TC) and Vehicles Per Day (VPD) are impressive, currently: 69,737 VPD on US Hwy 22 & Nazareth Pike -&- 20,676 VPD on Linden Street & Christian Spring Rd. The overall submarket and subject location are highly desirable, surrounded by Class A - shopping centers, multi-tenant strips, and nationally tenant single tenant leased (STNL) properties. Some of the notable surrounding tenants include Giant Foods, The Home Depot, Walmart, Applebee’s, TJ Max, Home Goods, Goodwill, Burger King, Wells Fargo, Dunkin, and McDonald’s to name a few. See “Aerial Overview” for a more detailed list of “Neighboring Tenants” Population details: Population 1 Mile, (4,712) 3 Miles, (55,577) 5 Miles (147,670) 10 Miles (493,696) Lehigh Valley has a GDP of approximately $47 billion, with over $2.4 billion stemming from retail trade, according to the U.S. Bureau of Economic Analysis. This region is currently Pennsylvania’s third most populous metropolitan area, after Philadelphia and Pittsburgh. Lehigh Valley’s population of 688,000 has grown by over 6% over the past decade, with residents aged 18-34 growing by 10%, the fastest growth for that segment of any region in Pennsylvania. Robust hiring in the trade, transportation, and healthcare sectors has underpinned healthy levels of household formation in recent years, helping make Bethlehem/Allentown the second-fastest-growing city in the entire state. These factors have driven strong retail activity in the market in recent years.