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Investment Highlights

  • Over 90% leased on multi-year NNN leases
  • Close to highways at a signalized corner near Airport Road
  • Completely updated in 2023

Executive Summary

IDEAL FOR COMMERCIAL INVESTORS--Add this completely updated, two story building to your portfolio. Over 90% leased on multi-year NNN leases. The front half of the building consists of a retail space and a medical suite on the ground floor and two separated office areas on the upper floor, with shared amenities (large, virtual-meeting ready conference room, kitchenette, and two bathrooms). One of the two office areas is leased and the other area is listed for lease. The retail space and the medical suite on the ground floor are both leased. The medical suite has its own entrances, HVAC, security systems, and bathrooms and is self-contained for security reasons. The back half of the building is a 2-story, 5,500 SQFT, clear span warehouse with two drive-in doors, one loading dock, and a small office and is leased. The basement is a storage space with its own entrance and drive-in door, and is leased to a separate tenant. There are two dedicated bathrooms on ground floor for the retail space and the warehouse. This 1 acre property is zoned B-3 Highway Business, has 45 lined parking spots, and is situated at a signalized corner. Call for a tour today.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
18,600 SF
Building Class
B
Year Built/Renovated
1987/2023
Price
$4,818,480 CAD
Price Per SF
$259.06 CAD
Cap Rate
8.18%
NOI
$393,982 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,300 SF
Building FAR
0.43
Lot Size
1.00 AC
Zoning
B-3 - This zoning provides locations for highway-oriented and other retail uses and services for large areas of the City and beyond
Parking
45 Spaces (2.42 Spaces per 1,000 SF Leased)

Amenities

  • Controlled Access
  • Conferencing Facility
  • Security System
  • Air Conditioning
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 2nd Fl-Ste Office Space
  • 2,000 SF
  • Office
  • -
  • Now

Bring your small business to this completely renovated 2,000 SF office space with a wall of windows for lots of natural light, up to 10 cubicles, and shared amenities including extra-large, video/virtual meeting enabled conference room, two bathrooms, and kitchenette. Currently constructed as an open cubicle area. The building has gas heating, cooling, and hot water systems and its security features include fob access control, alarm system, cameras, and sprinklers. Parking for employee cars will be allocated. Everything is new. Easy access to Airport Rd and Rt 22. Call today for your tour and to discuss the possibilities.

Space Size Space Use Build-Out Available
2nd Fl-Ste Office Space 2,000 SF Office - Now

2nd Fl-Ste Office Space

Size
2,000 SF
Space Use
Office
Build-Out
-
Available
Now

2nd Fl-Ste Office Space

Size 2,000 SF
Space Use Office
Build-Out -
Available Now

Bring your small business to this completely renovated 2,000 SF office space with a wall of windows for lots of natural light, up to 10 cubicles, and shared amenities including extra-large, video/virtual meeting enabled conference room, two bathrooms, and kitchenette. Currently constructed as an open cubicle area. The building has gas heating, cooling, and hot water systems and its security features include fob access control, alarm system, cameras, and sprinklers. Parking for employee cars will be allocated. Everything is new. Easy access to Airport Rd and Rt 22. Call today for your tour and to discuss the possibilities.

Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
640778020334-1
Land Assessment
$540,529 CAD
Improvements Assessment
$1,194,093 CAD
Total Assessment
$1,734,621 CAD
  • Listing ID: 41244015

  • Date on Market: 2026-07-10

  • Last Updated:

  • Address: 622 Union Blvd, Allentown, PA 18109

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