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    Historic Mixed-Use Property For Sale Title is generated by Realmo AI

    605 Main Street, Hellertown, PA 18055

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    For Sale
    $1,499,998

    MULTI_FAMILY - Hellertown Boro, PA

    Property size:
    9,533 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $157/SF
    Added:
    Jan 20, 2026
    Days on Market:
    126
    Last Refresh:
    May 26 at 6:06 pm

    Property Features for 605 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    15TC
    Bedrooms
    6
    Bathrooms
    10
    Rooms
    Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 7, Bedroom 3, Bathroom 3, Bathroom 8, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 4, Bathroom 6, Bathroom 10, Bathroom 9
    Parking
    10
    Parking features
    On Street, Parking Lot, Off Street
    Patio and Porch features
    Patio
    Interior features
    Balcony, Furnished, Fireplace, HandicapAccess
    Fireplace
    1
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    Q7SW2D 9 4A 0715
    Size
    9,533 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Annual Amount
    12067

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Ceiling Fan(s), Window Unit(s), Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1800
    Floors in Building
    3
    Number of units
    6
    Flooring type
    Hardwood
    Building materials
    Stone

    We can help!

    Listing Contact
    Marina Gabunia
    Marina Gabunia

    Listing agent Marina Gabunia License #PA347078

    Listing office HowardHanna TheFrederickGroup 3500 Winchester Rd, Ste 201, Allentown, PA

    Listing date Jan 20, 2026

    MLS# 770771 Listing URL

    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.

    HighLights

    • Established, turn‑key restaurant/sports bar business with Northampton County R Liquor License included.
    • Five fully leased, renovated apartments provide consistent rental income.
    • Rare on‑site parking lot for a Main Street property.
    • Historic stone construction with excellent visibility and strong local traffic.
    • Multiple income streams offer flexibility for owner‑operator or investor.
    • Convenient access to Route 78, Bethlehem, and surrounding Lehigh Valley markets.

    Overview

    This historic stone mixed-use property is located in the heart of Hellertown. The sale includes the real estate, an established restaurant and sports bar business, five fully leased apartments, and a Northampton County R Liquor License. The first floor features a renovated, turn-key restaurant and sports bar with full bar service, a separate dining area, pool table, and game space. The property also offers an outdoor patio suitable for dining and entertainment, along with an on-site parking lot. The upper levels include five renovated residential apartments, all fully occupied and generating consistent rental income. The restaurant is currently operating five days per week with limited hours, providing opportunity for expanded operations. Multiple income streams allow flexibility for an owner-operator, investor, or buyer seeking to lease the business. The property has excellent visibility with strong local traffic and long-term appeal from historic stone construction. It is centrally located in Northampton County with convenient access to Route 78, Bethlehem, and surrounding Lehigh Valley markets. The lot size is 0.193 acres and the property size is 9533 square feet.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $1.10M
    NOI $98,881 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.41M
    NOI $98,881 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.98M
    NOI $98,881 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $143.0k $15.00
    − Vacancy −$11.2k −$1.17
    EGI $131.8k $13.83
    − OpEx −$33.0k −$3.46
    NOI $98.9k $10.37
    9,533 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $1.41M
    $1.24M – $1.65M (±1% cap)
    NOI $98,881 @ 7.0% cap · market cap 6.59%
    Second Best
    Mixed Use
    $1.38M
    $1.21M – $1.61M (±1% cap)
    NOI $96,522 @ 7.0% cap · market cap 6.43%
    Theoretical Best
    Office A
    $1.81M
    $1.58M – $2.11M (±1% cap)
    NOI $126,568 @ 7.0% cap · market cap 8.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wings on Main Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hellertown
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.340421
    Latitude
    40.577957

    Nearby Similar for Sale

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    • $500,000
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    • $995,000
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      Historic Hospitality Property with Hotel License

      Unique opportunity: restaurant, event venue, and hospitality destination.
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    • $1,710,000
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      Former Golf Club Opportunity

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    FAQs

    What type of property is this?
    Mixed-use property - Iconic stone property with restaurant, bar, apartments, and liquor license.
    Where is this mixed-use property located?
    The property is located at 605 Main Street Hellertown, PA.
    What is the asking price?
    The asking price for this property is $1,499,998.
    What are key features of this property?
    This property features: Established, turn‑key restaurant/sports bar business with Northampton County R Liquor License included.; Five fully leased, renovated apartments provide consistent rental income.; Rare on‑site parking lot for a Main Street property.
    (610) 398-0411
    We can help!
    Listing Contact
    Marina Gabunia
    Marina Gabunia
    Real Estate License ID: PA347078
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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