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Multi-Use Restaurant Building with Apartment

127 S Broad Street Nazareth, PA 18064

127 S Broad Street, Nazareth, PA, 18064
$750,000
For Sale
Claim this Listing
$750,000

COMMERCIAL - Nazareth, PA

Property Size6,300 SF
Lot Size0.28 Acres
Price / SF$119.05
AddedJul 1
Days on Market14
Last RefreshJul 14 at 6:06 pm

Property Features for 127 S Broad Street

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
R5
Standard status
Active
APN
J7SE3A 11 8 0421
Size
6,300 SF
Lot size
0.28 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
7684

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas, Oil, Ductless (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public

Building Details

Year built
1890
Floors in Building
3
Flooring type
Tile, Hardwood, Vinyl
Building materials
Stone, Vinyl Siding
Roof type
Fiberglass, Asphalt

Listing agent Kelly Houston License #405412

Listing office Keller Williams Real Estate - Northampton Co 2901 Emrick Blvd. Suite 100, Bethlehem, PA

Listing date Jul 1, 2026

MLS# PM-142682

Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This fully renovated multi-use building is designed for owner-operator flexibility and income-producing use. The first floor is currently configured as a restaurant and includes an equipped commercial kitchen package with a walk-in freezer and hood systems, along with some bar and kitchen equipment included. Upstairs, the property offers a beautifully updated 3-bedroom apartment.

The asset is located at 127 S Broad Street in Nazareth, PA, within R5 zoning. The property sits on a 0.28-acre lot and includes 20+ paved parking spots, supporting convenient on-site access for customers and residents.

For tenants, buyers, or operators seeking a live-and-work or multi-use setup, the layout supports two distinct uses under one roof: restaurant operations below and a residential unit above. With restaurant equipment already present and the building renovated inside and out, the property can serve as a base for continued foodservice operations and/or an owner-occupied arrangement that keeps day-to-day needs on-site.

Key Highlights

  • Fully renovated multi‑use building with first‑floor restaurant space and an upstairs 3‑bedroom apartment
  • Equipped commercial kitchen features a walk‑in freezer and hood systems
  • Includes some bar/kitchen equipment (as listed)

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $94.5k $15.00
− Vacancy −$7.4k −$1.17
EGI $87.1k $13.83
− OpEx −$21.8k −$3.46
NOI $65.3k $10.37
6,300 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$933.5K
$816.8K – $1.09M (±1% cap)
NOI $65,347 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$547.7K
$479.2K – $639.0K (±1% cap)
NOI $38,337 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.19M
$1.05M – $1.39M (±1% cap)
NOI $83,644 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Rios Brazilian Steakhouse Restaurant

Suggested Use

Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service Cafe & Coffee Shop Grocery & Convenience Store Storage Facility Grocery & Convenience Store HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Conventional restaurant - Fully renovated multi-unit property combines an equipped restaurant space with an updated 3-bedroom apartment above.
Where is this conventional restaurant located?
The property is located at 127 S Broad Street Nazareth, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully renovated multi‑use building with first‑floor restaurant space and an upstairs 3‑bedroom apartment; Equipped commercial kitchen features a walk‑in freezer and hood systems; Includes some bar/kitchen equipment (as listed)
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