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EXECUTIVE SUMMARY
Investment opportunity available for sale. This +/- 4,228 SF building is occupied by the district court for a 5-year lease with a 5-year option, on a gross lease with yearly increases. The existing tenant has completed 5 years and has signed another long-term lease, with no plans to move. The building was fully renovated 5 years ago and is meticulously maintained by the landlord—great investment for 1031 Exchange, or Cash buyers. Located on busy Union Blvd, just minutes from the upcoming $425 million Waterfront development — a vibrant 29-acre project on the Lehigh River’s western bank. This exciting project will feature Class A office buildings, upscale apartments, restaurants, and green spaces — all poised to boost foot traffic and business growth. The property is zoned B-3 Highway Business, which allows many uses or redevelopment once the remaining term expires. Call today for more information
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,978 SF
Building Class
C
Year Built
1959
Price
$1,385,054 CAD
Price Per SF
$231.69 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.69
Lot Size
0.20 AC
Zoning
B-3
Parking
4 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
66’ on Union Blvd
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Lehigh County Magisterial District Court 31-1-05
- Public Administration
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Lehigh County Magisterial District Court 31-1-05 | Public Administration | - | - | - |
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 640798278583-1 | Improvements Assessment | $450,593 CAD |
| Land Assessment | $83,880 CAD | Total Assessment | $534,473 CAD |
PROPERTY TAXES
Parcel Number
640798278583-1
Land Assessment
$83,880 CAD
Improvements Assessment
$450,593 CAD
Total Assessment
$534,473 CAD
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1005-1009 Union Blvd
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