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940 N New St 12,972 SF 69% Leased Office Building Bethlehem, PA 18018 $1,725,000 ($132.98/SF)
INVESTMENT HIGHLIGHTS
- Heavy traffic
- Redevelopment potential
- Bus route
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$224,589
|
$17.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$22,459
|
$1.73
|
| Effective Gross Income |
$202,130
|
$15.58
|
| Taxes |
$32,907
|
$2.54
|
| Operating Expenses |
$31,266
|
$2.41
|
| Total Expenses |
$64,173
|
$4.95
|
| Net Operating Income |
$137,957
|
$10.63
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $224,589 |
| Annual Per SF | $17.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $22,459 |
| Annual Per SF | $1.73 |
| Effective Gross Income | |
|---|---|
| Annual | $202,130 |
| Annual Per SF | $15.58 |
| Taxes | |
|---|---|
| Annual | $32,907 |
| Annual Per SF | $2.54 |
| Operating Expenses | |
|---|---|
| Annual | $31,266 |
| Annual Per SF | $2.41 |
| Total Expenses | |
|---|---|
| Annual | $64,173 |
| Annual Per SF | $4.95 |
| Net Operating Income | |
|---|---|
| Annual | $137,957 |
| Annual Per SF | $10.63 |
PROPERTY FACTS
AMENITIES
- Bus Line
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Health Care and Social Assistance
- -
- -
- -
CleanSlate Outpatient Recovery Centers is a privately held healthcare organization founded in 2009 to address the growing opioid epidemic. Headquartered in Brentwood, Tennessee, CleanSlate operates a national network of outpatient clinics specializing in medication-assisted treatment (MAT) for opioid and alcohol use disorders. Its evidence-based approach combines FDA-approved medications with behavioral health services, including counseling and care coordination. CleanSlate emphasizes harm reduction and individualized treatment plans, offering specialized programs such as opioid use disorder treatment during pregnancy and Hepatitis C screening. The organization has expanded to more than 70 locations across multiple states and employs a multidisciplinary team of addiction medicine professionals. CleanSlate is venture-backed and remains committed to improving access to care for individuals with substance use disorders.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Health Care and Social Assistance | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 120
- 800-4,000 SF
- Office/Medical
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 120 | 800-4,000 SF | Office/Medical | - | Now |
1st Fl-Ste 120
| Size |
| 800-4,000 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | N6SE4D-30-1-0204 | Total Assessment | $363,900 |
| Land Assessment | $39,500 | Annual Taxes | $32,907 ($2.54/SF) |
| Improvements Assessment | $324,400 | Tax Year | 2025 |
PROPERTY TAXES
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940 N New St
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