Auction - Lender Driven Short Sale | 36,000 SF… — Sale in Easton, PA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Easton, PA 18045

Photos

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Description

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3377/office/easton/pa Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 3729 Easton Nazareth Highway in Easton, Pennsylvania is a 36,000 SF medical office building situated on 3.73 acres. Built in 2003, the property is currently 14% occupied, with three established NNN medical tenants in place, including a practice affiliated with St. Luke's University Health Network, while roughly 31,077 SF remains available for lease-up. The asset offers direct access and visibility along Nazareth Highway, which carries more than 16,000 vehicles per day, and sits half a mile from State Route 33, which carries over 47,000 VPD. Purpose-built medical infrastructure, including exam rooms and specialized plumbing, may reduce the capital and time required to accommodate new healthcare users. The surrounding Lehigh Valley trade area includes more than 138,000 residents within 5 miles and an average household income of $136,105 within 1 mile, with national retailers such as Walmart, Target, and Wegmans nearby. The offering presents existing in-place income alongside substantial lease-up upside at a discounted basis. Investment Highlights: • STARTING BID $600,000 | 36,000 SF Medical Office | 14% Occupied | 16K VPD | AUCTION OCTOBER 5-7 • 31,077 SF Available for Lease-Up Space - 86% of the building sits vacant, offering substantial upside for lease-up or owner-user conversion. • 16K VPD Along Nazareth Hwy Corridor - Nazareth Highway carries 16,259+ VPD past the site, with Route 33 just 0.5 mile away. • Three NNN Medical Tenants Provide Income - Three medical tenants generate NNN income today, including a practice affiliated with St. Luke's. • Purpose-Built Medical Infrastructure - Existing exam rooms and specialized plumbing may reduce capital and time for new healthcare users. • National Retailers Anchor Trade Area - Walmart, Target, Sam's Club, and Wegma

Market Context

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