Bar and Pub with Commercial
For Sale
$1,300,000
1635 Broadway, Bethlehem, PA 18015
CommercialSale, Bethlehem City, PA
Property Size4,051 SF
Lot Size0.79 Acres
Price / SF$320.91
Days on Market150
Property Features for 1635 Broadway
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
R4
Parking
30
Parking features
Off Street
Elementary school district
Salisbury
Middle school district
Salisbury
High school district
Salisbury
Directions
From PA-378 S, continue over the Hill-to-Hill bridge, turn right on W 3rd St, continue onto Delaware Ave, slight right on to Broadway. Property will be on the right.
Subdivision
Salisbury
Standard status
Active
APN
641699032623 1
Size
4,051 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Annual Amount
10646
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
fully equipped commercial kitchen
interior bar setup
lottery system
slush machine
Building Details
Year built
1910
Building materials
Block, Concrete, Stucco
Listing Agency:
RE/MAX Real Estate · RE/MAX International
(610) 770-9000
Listed By:
Jeffrey S. Adams · License #AB068781
(610) 972-5323
Added: Apr 30
Changed: Sep 21
Last Checked: Sep 26 at 6:06PM
MLS# 776095
Copyright © 2026 Greater Lehigh Valley 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 4,051-square-foot bar and pub property includes the underlying real estate and an operating bar-restaurant business. The 1910 building is constructed with block, concrete, and stucco and features a commercial kitchen, interior bar, lottery system, and slush machine. Natural gas heat, central air, public water, and public sewer serve the property, while off-street parking supports customer access.
The operation includes an R Liquor License with Sunday sales, along with permissions for on-premise and take-out alcohol sales, wine, and ready-to-drink beverages. The parcel contains 0.793 acres and is located at 1635 Broadway in Bethlehem City, Pennsylvania. R4 zoning applies to the property.
The operation includes an R Liquor License with Sunday sales, along with permissions for on-premise and take-out alcohol sales, wine, and ready-to-drink beverages. The parcel contains 0.793 acres and is located at 1635 Broadway in Bethlehem City, Pennsylvania. R4 zoning applies to the property.
Key Highlights
- 4,051‑square‑foot bar and pub property with business and real estate included
- 0.793‑acre parcel at 1635 Broadway, Bethlehem City, PA 18015
- R Liquor License includes Sunday sales and on‑premise and take‑out alcohol permissions
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,019
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$840,380
$840.4K
Cap Rate 7%
$600,271
$600.3K
Cap Rate 9%
$466,878
$466.9K
Market Conditions
NOI Build-Up for 4,051 SF
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.
Gross rent
$60.8K $15.00/SF
− Vacancy
−$4.7K −$1.17/SF
EGI
$56.0K $13.83/SF
− OpEx
−$14.0K −$3.46/SF
NOI
$42.0K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$840,380
Cap Rate 7%
$600,271
Cap Rate 9%
$466,878
Alternative Uses
Best Use
Specialty Retail
$600.3K
$525.2K – $700.3K
NOI $42,019 @ 7.0% cap · market cap 3.23%
Second Best
Industrial
$430.3K
$376.5K – $502.0K
NOI $30,119 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$768.3K
$672.3K – $896.4K
NOI $53,784 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
17,530 visits/mo
0.3 miles
Dollar General
Shops & Services
9,620 visits/mo
0.2 miles
Carstar by Lutzi
Shops & Services
518 visits/mo
0.2 miles
Demographics for 18015, PA
33,286
Population
12,867
Households
2.6
Avg Household Size
32
Median Age
31%
College-Educated
87%
High-School Grad
23.2 sq mi
ZIP Area
1,435
Density / Sq Mi
$58,470
Median Household Income
$32,703
Median Earnings
$1,310
Median Rent
$243,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Bolete — 1740 Seidersville Rd, Bethlehem, PA 18015
- Mariams — 1635 Broadway, Bethlehem, PA 18015
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating hospitality property with R4 zoning, off-street parking, and established food-and-beverage improvements.
Where is this bar & pub located?
The property is located at 1635 Broadway Bethlehem, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,051‑square‑foot bar and pub property with business and real estate included; 0.793‑acre parcel at 1635 Broadway, Bethlehem City, PA 18015; R Liquor License includes Sunday sales and on‑premise and take‑out alcohol permissions
