Restaurant and Event
For Sale
$360,000
754 Cherokee Street, Bethlehem, PA 18015
CommercialSale, Fountain Hill Boro, PA
Property Size2,239 SF
Lot Size0.16 Acres
Price / SF$160.79
Days on Market146
Property Features for 754 Cherokee Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
MHDR
Parking
15
Parking features
On Street, Off Street, Parking Lot
Elementary school district
Bethlehem
Middle school district
Bethlehem
High school district
Bethlehem
Directions
Broadway in Foutain Hill to right on Fiot Street Property on right
Subdivision
Fountain Hill
Standard status
Active
APN
642732677152 1
Size
2,239 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
8121
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
office space
high ceilings
two half bathrooms
surround sound
acoustic sound
Building Details
Year built
1900
Building materials
VinylSiding
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Lily Fisher
(610) 393-3846
Added: May 14
Changed: Sep 29
Last Checked: Oct 6 at 4:06PM
MLS# 777094
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 2,239-square-foot commercial property is configured for restaurant and event-space use, with a layout suited to dining, gatherings, catering, and entertainment. The building includes office space, high ceilings, two half bathrooms, surround sound, and acoustic sound treatment. A cleared C/O and access to a liquor license are also noted. Construction is vinyl siding, with natural gas heat and central air conditioning.
The property occupies 0.156 acres and provides parking through a lot, off-street spaces, and on-street options. Public water and public sewer serve the site. Built in 1900, the property is zoned MHDR and is located in Fountain Hill Boro, Lehigh County, Pennsylvania.
The property occupies 0.156 acres and provides parking through a lot, off-street spaces, and on-street options. Public water and public sewer serve the site. Built in 1900, the property is zoned MHDR and is located in Fountain Hill Boro, Lehigh County, Pennsylvania.
Key Highlights
- 2,239‑square‑foot restaurant and event‑space configuration
- 0.156‑acre property with parking lot, off‑street, and on‑street parking
- Office space, high ceilings, and two half bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,224
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,480
$464.5K
Cap Rate 7%
$331,771
$331.8K
Cap Rate 9%
$258,044
$258.0K
Market Conditions
NOI Build-Up for 2,239 SF
Gross rent
$33.6K $15.00/SF
− Vacancy
−$2.6K −$1.17/SF
EGI
$31.0K $13.83/SF
− OpEx
−$7.7K −$3.46/SF
NOI
$23.2K $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 Rate 5%
$464,480
Cap Rate 7%
$331,771
Cap Rate 9%
$258,044
Alternative Uses
Best Use
Specialty Retail
$331.8K
$290.3K – $387.1K
NOI $23,224 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.7K
$371.6K – $495.5K
NOI $29,727 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,659
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 19%
McDonald's
Dining
23,780 visits/mo
0.3 miles
Wendy's
Dining
14,468 visits/mo
0.5 miles
TD Bank
Shops & Services
6,181 visits/mo
0.3 miles
AutoZone
Shops & Services
2,935 visits/mo
0.3 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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-configured commercial property with event space, office area, onsite parking, and public utilities.
Where is this conventional restaurant located?
The property is located at 754 Cherokee Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 2,239‑square‑foot restaurant and event‑space configuration; 0.156‑acre property with parking lot, off‑street, and on‑street parking; Office space, high ceilings, and two half bathrooms
