$485,000
$495,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
3442 Nazareth RD Palmer Twp, PA 18045
1,952 SqFt
Key Details
Sold Price $485,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 1,952 sqft
Price per Sqft $248
MLS Listing ID 719165
Sold Date 08/30/23
HOA Y/N No
Year Built 1974
Annual Tax Amount $6,663
Lot Size 0.507 Acres
Acres 0.507
Lot Dimensions 22,103
Property Sub-Type Office
Property Description
Located along busy Route 248 just East of the shopping centers, this medical office building has been a dental practice for over 25 years and currently has 5 years remaining on the lease. This is a Triple Net Investment with a Net Operating Income of $36,603 and a cap rate of 7.5%. Tenant pays all expenses. This modernized commercial investment property features recent roof and HVAC, a paved parking lot w/15 spaces. Open concept design - a grand foyer w/large reception area, spacious waiting room & easy flow to rooms. Includes 5 fully furnished operatories w/two sinks & custom cabinetry, full laboratory, sterilization area, w/sink & storage area, restroom, large staff lounge w/sink refrigerator, storage, private restroom w/washer & dryer and ADA compliant.
Location
State PA
County Northampton
Area Palmer
Direction From US-22, take 25th St exit North / Route 248 West - arrive at 3442 Nazareth Rd. From Rt 33, Route 248 Exit East just past Sheetz.
Interior
Heating Electric
Cooling Central Air
Fireplace No
Exterior
Parking Features On Site
Water Access Desc Public
Roof Type Pitched
Street Surface Asphalt
Road Frontage State Road
Total Parking Spaces 15
Building
Sewer Public Sewer
Water Public
Schools
School District Easton
Others
Tax ID L8NE1 21 10 0324
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition None
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