Palmer Twp, PA 18045,3442 Nazareth RD

$485,000

Est. payment /mo

$495,000

2.0%
Est.Price: ?

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3442 Nazareth RD Palmer Twp, PA 18045

1,952 SqFt

SOLD DATE : 08/30/2023

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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Listed by CENTURY 21 Keim Realtors
Bought with CENTURY 21 Keim Realtors
Loren Keim

Loren Keim

Broker | License ID: RM42021

+1(610) 657-5095

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