1. Pennsylvania
  2. Allentown City
  3. 2900 Hamilton Boulevard
$1,850,000

2900 Hamilton Boulevard, Allentown City, PA 18103

  • 6,900 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1985
  • Property Lot Size Icon0.49acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $268/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

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. 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. Current price delivers an in-place NOI of $126,893, equating to a 6.85% cap rate. Pro Forma rents represent a 9% pro forma cap rate. Leases are structured as Modified Gross and NNN, with scheduled 2.5% annual increases and limited near-term capital needs.

Listing Status:
Active
Listing Office:
Keller Williams Allentown : (610) 435-1800
MLS ID:
764425
  • A/C: Central Air
  • Heating: Electric

This listing courtesy of Keller Williams Allentown

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

U

Union Terrace Elementary School

1939 W Union St, Allentown, PA, 18104

Grades KG-5

1.20 miles away

F

Francis D. Raub Middle School

102 S Saint Cloud St, Allentown, PA, 18104

Grades 6-8

1.36 miles away

W

William Allen High School

106 N 17th St, Allentown, PA, 18104

Grades 9-12

1.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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