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529 W Broad St
Bethlehem, PA 18018
HNL LAB MEDICINE · Retail Property For Sale
Investment Highlights
- The tenant, Lehigh Valley Health Network recently executed its first option period, with another option to extend
- Tenant pays for CAM, taxes, insurance and maintains most aspects of the premises
- Ideal, low-management investment opportunity for a passive investor
- The lease includes 4% rental increases every two years throughout the initial term and options to extend, increasing NOI and hedging against inflation
- Landlord responsibilities limited to maintaining and repairing the roof, structure and exterior of the premises
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,841 SF
Building Class
B
Year Built/Renovated
1915/2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.75
Lot Size
0.24 AC
Zoning
CG - Commercial
Parking
10 Spaces (1.28 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Air Conditioning
Property Taxes
| Parcel Number | 642738322572-1 | Improvements Assessment | $558,500 |
| Land Assessment | $80,900 | Total Assessment | $639,400 |
Property Taxes
Parcel Number
642738322572-1
Land Assessment
$80,900
Improvements Assessment
$558,500
Total Assessment
$639,400
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