$1,025,000
Whitehall, PA 18052
MLS# PM-130653
Status: Closed
7936 sqft
1 / 33
Property Description
PRIME OFFICE INVESTMENT OPPORTUNITY | 12% CAP RATE Rare opportunity to own a stunning 7,936 SF office space featuring an indoor swimming pool, currently leased to St. Luke's under a NNN lease through 12/28/2027, with a 3-year renewal option in place. CAP Rate: 12% Tenant: St. Luke's Lease Type: NNN Lease Expiration: 12/28/2027 with a 3-year option Tenant Responsibilities: All interior maintenance, utilities, and taxes Landlord Responsibilities: Exterior maintenance, trash, and sewer — reimbursed by tenant This centrally located property offers exceptional access to Route 22, Lehigh Valley International Airport, shopping, dining, and major amenities — making it a strong long-term investment in a high-demand area.
Details
Maps
Contract Information
Listing Service: Full Service
Property Sub Type: Industrial
Sold Price: $1,025,000
Current Price: $1,025,000
Status: Closed
Listing Contract Date: 2025-03-24
Location, Tax, and Legal
Parcel Number: 549838183694 001
Municipality: Whitehall Township
County Tax Amount: 3236.44
Municipal Tax Amount: 3296.37
School Tax Amount: 18570.98
Tax Annual Amount: 25103.79
Tax Assessed Value: 856200
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 4064
Below Grade Finished Area: 3872
Building Area Source: Appraiser
Stories: 2
Year Built Source: Owner
Garage YN: No
Carport YN: No
Open Parking YN: Yes
Open Parking Spaces: 19
Parking Total: 19
Lot Size Acres: 0.6
Water Body Access YN: No
List Price/SqFt: 150.58
Sold Price/SqFt: 129.16
Building Area Total: 7936
Year Built: 1993
Remarks and Miscellaneous
Public Remarks: PRIME OFFICE INVESTMENT OPPORTUNITY | 12% CAP RATE
Rare opportunity to own a stunning 7,936 SF office space featuring an indoor swimming pool, currently leased to St. Luke's under a NNN lease through 12/28/2027, with a 3-year renewal option in place.
CAP Rate: 12%
Tenant: St. Luke's
Lease Type: NNN
Lease Expiration: 12/28/2027 with a 3-year option
Tenant Responsibilities: All interior maintenance, utilities, and taxes
Landlord Responsibilities: Exterior maintenance, trash, and sewer — reimbursed by tenant
This centrally located property offers exceptional access to Route 22, Lehigh Valley International Airport, shopping, dining, and major amenities — making it a strong long-term investment in a high-demand area.
Exclusions: Owners tools and snow blower.
Business Type
Professional/Office: 1
Income and Expenses
Gross Income: 96000
Gross Scheduled Income: 96000
Cap Rate: 8.03
Special Listing Conditions
Standard: 1
Listing Terms
Cash: 1
Conventional: 1
Existing Lease Type
NNN: 1
Tenant Pays
All Utilities: 1
Electricity: 1
Water: 1
Sewer: 1
Telephone: 1
Cable TV: 1
Insurance: 1
Taxes: 1
Exterior Maintenance: 1
Repairs: 1
Grounds Care: 1
Income Includes
Rent Only: 1
Possession
Negotiable: 1
Current Use
Commercial: 1
Investment: 1
Possible Use
Commercial: 1
Investment: 1
Property Condition
Year Built Effective: 1993
Building Features
Turnkey Operations: 1
Included In Contract: Building Only
Accessibility Features
Enhanced Accessible: 1
Accessible Approach with Ramp: 1
Construction Materials
Vinyl Siding: 1
Basement
Full: 1
Finished: 1
Roof
Shingle: 1
Electric
200+ Amp Service: 1
Cooling
Central Air: 1
Heating
Heat Pump: 1
Electric: 1
Propane: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Utilities
Propane Tank Owned: 1
Parking Features
Parking Lot: 1
Lot Features
Landscaped: 1
Road Surface Type
Paved: 1
Water Body View
No: 1
Location Tax and Legal
County: Lehigh
Street Number: 3721
Street Name: Crescent Court W
City (Post Office): Whitehall
State: PA
Postal Code: 18052
Subdivision Name: None
Status Change Information
Price Change Timestamp: 2025-07-31T01:24:52Z
Purchase Contract Date: 2025-09-15
Close Date: 2025-11-13
Close Price: 1025000
Property Features
Special Listing Conditions: Standard
Listing Terms: Cash; Conventional
Existing Lease Type: NNN
Tenant Pays: All Utilities; Electricity; Water; Sewer; Telephone; Cable TV; Insurance; Taxes; Exterior Maintenance; Repairs; Grounds Care
Income Includes: Rent Only
Possession: Negotiable
Current Use: Commercial; Investment
Possible Use: Commercial; Investment
Business Type: Professional/Office
Building Features: Turnkey Operations
Accessibility Features: Enhanced Accessible; Accessible Approach with Ramp
Construction Materials: Vinyl Siding
Basement: Full; Finished
Roof: Shingle
Electric: 200+ Amp Service
Cooling: Central Air
Heating: Heat Pump; Electric; Propane
Water Source: Public
Sewer: Public Sewer
Utilities: Propane Tank Owned
Parking Features: Parking Lot
Lot Features: Landscaped
Road Surface Type: Paved
Water Body View: No
Listing Office: Keller Williams Real Estate - Allentown
Last Updated: November - 17 - 2025
Information deemed reliable but not guaranteed.