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
| MLS # | PM-138232 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 278 |
| Listing Provided By | Keller Williams Real Estate - Allentown | Ayon A Codner |
| SQ Feet | 4,228 |
|---|---|
| Story(s) | 1 |
| Zoning | Commercial |
| Acreage | 0.20 |
| Heating | Central |
|---|---|
| Heating Yes / No | Yes |
| Cooling | Central Air |
| Cooling Yes / No | Yes |
| Open Parking Yes / No | Yes |
|---|
| Tax Annual Amount | 13057.35 |
|---|---|
| Tax Year | 2025 |
| Tax Legal Description | Property Address: 1005-1009 Union Blvd /Tile Number: 476004B/School District: Allentown School District |
| State | PA |
|---|---|
| County | Lehigh |
| City | Allentown |
| Zip Code | 18109 |
| Area | Lehigh |
| Listing VS Median (in 18109) | |
Price: $749,900 low | high Med: $537,400 sqft: 4,228 low | high Med: 2,744 $ / sqft: $177 low | high Med: $218 On site: 278 low | high Med: 139.5 | |
| State | PA |
|---|---|
| County | Lehigh |
| City | Allentown |
| Zip Code | 18109 |
| Area | Lehigh |
| Listing VS Median (in 18109) | |
Price: $749,900 low | high Med: $537,400 sqft: 4,228 low | high Med: 2,744 $ / sqft: $177 low | high Med: $218 On site: 278 low | high Med: 139.5 | |