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Park Professional Building 2200 W Hamilton St

43,038 SF 84% Leased Office Building Allentown, PA 18104 $6,500,000 ($151/SF) 7.30% Cap Rate

Investment Highlights

  • Highly visible, ideal location in West Allentown.
  • Onsite professional management and maintenance with 24 hour building access.
  • Convenient to highways, hospitals, downtown, public transportation, shopping, etc.
  • Across from Cedar Beach and overlooking scenic Muhlenberg Lake.

Executive Summary

This property is fit for all businesses with office suites ranging from 332 square feet to 6,565 square feet. 2200 W Hamilton St has interior renovations available in addition to onsite professional management and maintenance. There is ample off-street parking available for commuters and guests. The large conference room is available for tenant use. Electric, heat, and air conditioning are included in all rental rates. Suites can be built to suit with the inclusion of a negotiable landlord rental allowance.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
43,038 SF
Building Class
C
Year Built
1968
Price
$6,500,000
Price Per SF
$151
Cap Rate
7.30%
NOI
$474,500
Percent Leased
84%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
10,760 SF
Building FAR
0.58
Land Acres
1.70 AC
Zoning
B-3
Parking
115 Spaces (2.67 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 102
  • 565 SF
  • Office
  • Full Build-Out
  • Now

Beautiful Office adjacent to Entry.

  • 1st Fl-Ste 104
  • 670 SF
  • Office
  • Full Build-Out
  • Now
  • 3rd Fl-Ste 303-7
  • 2,730 SF
  • Office
  • Full Build-Out
  • Now
  • 3rd Fl-Ste 312
  • 1,585 SF
  • Office
  • Full Build-Out
  • Now
  • 3rd Fl-Ste 318
  • 1,435 SF
  • Office
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 102 565 SF Office Full Build-Out Now
1st Fl-Ste 104 670 SF Office Full Build-Out Now
3rd Fl-Ste 303-7 2,730 SF Office Full Build-Out Now
3rd Fl-Ste 312 1,585 SF Office Full Build-Out Now
3rd Fl-Ste 318 1,435 SF Office Full Build-Out Now

1st Fl-Ste 102

Size
565 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 104

Size
670 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 303-7

Size
2,730 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 312

Size
1,585 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Fl-Ste 318

Size
1,435 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 102

Size 565 SF
Space Use Office
Condition Full Build-Out
Available Now

Beautiful Office adjacent to Entry.

1st Fl-Ste 104

Size 670 SF
Space Use Office
Condition Full Build-Out
Available Now

3rd Fl-Ste 303-7

Size 2,730 SF
Space Use Office
Condition Full Build-Out
Available Now

3rd Fl-Ste 312

Size 1,585 SF
Space Use Office
Condition Full Build-Out
Available Now

3rd Fl-Ste 318

Size 1,435 SF
Space Use Office
Condition Full Build-Out
Available Now

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
22,830
142,395
231,363
2024 Population
22,362
144,561
232,956
Population Growth '20-'24
-2.1%
1.5%
0.7%
2020 Households
8,397
52,702
87,772
2024 Households
8,181
53,756
88,491
Household Growth '20-'24
-2.6%
2.0%
0.8%
Average Age
39
38
39
Median Household Income
$50,307
$54,507
$59,998
Daytime Employees
10,500
101,059
146,280
Total Businesses
1,321
9,284
13,950
College Degree + Higher
28%
22%
26%

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
549626485397-1
Land Assessment
$444,300
Improvements Assessment
$4,055,700
Total Assessment
$4,500,000
  • Listing ID: 29146162

  • Date on Market: 7/31/2023

  • Last Updated:

  • Address: 2200 W Hamilton St, Allentown, PA 18104

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