240 Union Station Plz
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240 Union Station Plz
25,269 SF Vacant Office Building Bethlehem, PA 18015 For Sale
Investment Highlights
- Two Story Historic building
- Quality Office Space
- Southside Bethlehem Location
- Fully Renovated & Upgraded
- Modern amenities
Executive Summary
240 Union Station Plaza is a two story 25,289 square foot former train station which was built in 1924 that replaced a previous train depot. The building was completely renovated into a single-tenant office building in 2002-2003. Further renovations occurred in 2015. Current occupant is prepared to address a short term sale leaseback scenario.
The interior is currently utilized as a single tenant space on two floors. There is the opportunity to subdivide the space for multiple tenants or for an adaptive reuse. The main lobby on the first floor has one primary and five secondary entrances along with a stairwell to the second floor and a grand stairwell to the mostly unfinished basement. The exterior of the building is primarily a brick finish with accented areas of different textures. The property is situated on an irregular shaped lot consisting of 2.23 acres. The northern portion of the building is adjacent to an active rail line. The property resides within Keystone Innovation Zone (KIZ) and the current zoning is Central Business District (CBD).
The interior is currently utilized as a single tenant space on two floors. There is the opportunity to subdivide the space for multiple tenants or for an adaptive reuse. The main lobby on the first floor has one primary and five secondary entrances along with a stairwell to the second floor and a grand stairwell to the mostly unfinished basement. The exterior of the building is primarily a brick finish with accented areas of different textures. The property is situated on an irregular shaped lot consisting of 2.23 acres. The northern portion of the building is adjacent to an active rail line. The property resides within Keystone Innovation Zone (KIZ) and the current zoning is Central Business District (CBD).
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
25,269 SF
Building Class
B
Year Built/Renovated
1940/2003
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,635 SF
Building FAR
0.26
Lot Size
2.26 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District.
Parking
101 Spaces (4 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | P6-2-1B-0204-E | Improvements Assessment | $1,101,500 |
| Land Assessment | $141,300 | Total Assessment | $1,242,800 |
PROPERTY TAXES
Parcel Number
P6-2-1B-0204-E
Land Assessment
$141,300
Improvements Assessment
$1,101,500
Total Assessment
$1,242,800
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240 Union Station Plz
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