For Auction
Lender Driven Short Sale | 36,000 SF Medical Office | 14% Occupied | 16K VPD
Easton, PA 18045Represented by
Marcus & Millichap
Asset Snapshot
Offering Summary
Investment Highlights
- 86% Vacant Medical Lease-Up Opportunity: ±31,077 SF remains available, creating substantial upside for an investor or owner-user.
- Regional Access Near State Route 33: Direct exposure to Nazareth Highway with ±16,259 VPD and Route 33 just 0.5 miles away.
- Established NNN Medical Tenant Base: Three medical tenants provide existing income, including a practice affiliated with St. Luke's.
- Purpose-Built Medical Office Infrastructure: Exam rooms, plumbing, and specialized build-out help reduce capital and time for new users.
- Retail Corridor with National Anchors: Walmart, Target, Sheetz, Wawa, Sam’s Club, Wegmans, and other major retailers sit nearby.
- Affluent and Growing Lehigh Valley Trade Area: Over 138,000 residents live within 5 miles, with $136,105 average household income at 1 mile.
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Easton Medical Office is a 36,000 SF medical office building situated on 3.73 acres at 3729 Easton Nazareth Highway in Easton, Pennsylvania. Built in 2003, the Property offers a compelling value-add opportunity for an investor or owner-user, with three established NNN medical tenants currently in place, including a practice affiliated with St. Luke's University Health Network, while ±31,077 SF remains available for lease-up. The Property benefits from direct access and visibility along Nazareth Highway, which carries 16,259+ VPD, and is located just 0.5 mile from State Route 33, which carries 47,644 VPD. Purpose-built medical infrastructure, including exam rooms, plumbing, and specialized improvements, may reduce the capital and time required to accommodate new healthcare users. Surrounded by major retailers and supported by an affluent, growing trade area with more than 138,000 residents within 5 miles and average household income of $136,105 within 1 mile, the Property offers existing income and substantial lease-up upside at a deeply discounted basis.Due Diligence
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
