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Auction - Lender Driven Short Sale | 36K SF 3729 Easton Nazareth Hwy 36,000 SF 14% Leased Office Building Easton, PA 18045 $600,000 ($16.67/SF)
Investment Highlights
- STARTING BID $600,000 | 36,000 SF Medical Office | 14% Occupied | 16K VPD | AUCTION OCTOBER 5-7
- Regional Access Near State Route 33: Direct exposure to Nazareth Highway with ±16,259 VPD and Route 33 just 0.5 miles away.
- Purpose-Built Medical Office Infrastructure: Exam rooms, plumbing, and specialized build-out help reduce capital and time for new users.
- 86% Vacant Medical Lease-Up Opportunity: ±31,077 SF remains available, creating substantial upside for an investor or owner-user.
- Established NNN Medical Tenant Base: Three medical tenants provide existing income, including a practice affiliated with St. Luke's.
- Retail Corridor with National Anchors: Walmart, Target, Sheetz, Wawa, Sam’s Club, Wegmans, and other major retailers sit nearby.
Executive Summary
Brokered by Marcus & Millichap, Easton Medical Office is a 36,000 SF medical office building situated on 3.73 acres at 3729 Easton Nazareth Highway in Easton, Pennsylvania. Built in 2003, the Property offers a compelling value-add opportunity for an investor or owner-user, with three established NNN medical tenants currently in place, including a practice affiliated with St. Luke's University Health Network, while ±31,077 SF remains available for lease-up. The Property benefits from direct access and visibility along Nazareth Highway, which carries 16,259+ VPD, and is located just 0.5 mile from State Route 33, which carries 47,644 VPD. Purpose-built medical infrastructure, including exam rooms, plumbing, and specialized improvements, may reduce the capital and time required to accommodate new healthcare users. Surrounded by major retailers and supported by an affluent, growing trade area with more than 138,000 residents within 5 miles and average household income of $136,105 within 1 mile, the Property offers existing income and substantial lease-up upside at a deeply discounted basis.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
36,000 SF
Building Class
A
Year Built
1995
Price
$600,000
Price Per SF
$16.67
Percent Leased
14%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
12,000 SF
Building FAR
0.22
Lot Size
3.73 AC
Zoning
Commercial - Zoning generally refers to commercial zoning, which allows for various business activities such as retail stores, offices, and services.
Parking
43 Spaces (1.19 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | K8-9A-6A-0418 | Improvements Assessment | $3,294,700 |
| Land Assessment | $389,600 | Total Assessment | $3,684,300 |
Property Taxes
Parcel Number
K8-9A-6A-0418
Land Assessment
$389,600
Improvements Assessment
$3,294,700
Total Assessment
$3,684,300
Contacts
-
Colin Reder -
Derrick Dougherty -
Adam Sklaver -
Philip Kates -
Kyle Hynes -
Timothy Stephenson, Jr. -
Marcus & Millichap
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