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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.
| DAYS ON MARKET | 1 | LAST UPDATED | 9/9/2025 |
|---|---|---|---|
| YEAR BUILT | 1985 | COMMUNITY | Allentown-West |
| COUNTY | Lehigh | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Allentown-West |
| CONSTRUCTION | Brick |
| HEAT | Electric |
| LOT | 0.493 acre(s) |
| LOT DIMENSIONS | 21475.0 |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| TAXES | 23960.83 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Keller Williams Allentown
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This IDX solution is (c) Diverse Solutions 2025.
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