2900 Hamilton Blvd Local commercial 641 m² 100 % Loué À vendre Allentown, PA 18103 1 699 260 € (2 650,82 €/m²) Taux de capitalisation 6,34 %

Positioned on a rare island parcel in one of Allentown's most dynamic corridors, 2900 Hamilton Boulevard offers investors a 100% occupied, two-tenant asset featuring strong, durable lease structures and upside through rent normalization. The 5,742 SF building is anchored by a high-performing dental operator and a regional engineering firm, benefiting from direct visibility, shared ingress/egress with Wells Fargo Bank, and proximity to key institutional, medical, and residential anchors. This exceptional visibility and access make the site an ideal long-term investment for cash-flow-focused buyers seeking quality tenancy and embedded upside in a healthcare-anchored corridor.
At the current offering price of $2,000,000, the property delivers an in-place net operating income of $126,893, equating to a 6.34% cap rate. Based on pro forma rents and reimbursement adjustments, stabilized Year 3 NOl is projected to rise to $166,546, representing an 8.33% pro forma cap rate. Expenses are tightly controlled at just 18.37% of EGI, and leases are structured as Modified Gross and NNN, with scheduled 2.5% annual increases and limited near-term capital needs. The weighted average lease term (WALT) is ~6.5 years, with zero current vacancy and full tenant reimbursement of taxes and insurance.
Located less than one mile from Lehigh Valley Hospital-Cedar Crest and directly across from Cedar Crest College, the site benefits from dense institutional demand drivers and consistent daytime traffic. The surrounding area includes Muhlenberg College, Dorney Park, and PPL Center, drawing steady visitation from students, professionals, and tourists alike. With strong in-place yield, limited turnover risk, and embedded rent growth, 2900 Hamilton Boulevard is a compelling core office/medical investment in the heart of Allentown's west side.