Property profile

1627 Main St Northampton, PA 18067

OFF-MARKET
Retail space
Property ID
US73-0387090
4,380 SF 0.13 ac lot Built 1951
Individually Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 4,380 square foot retail building at 1627 Main Street, Northampton, PA, is available for $585,000. Situated on a 0.13-acre lot, this C-1 zoned property offers a unique opportunity for a variety of businesses. Currently operating as a long-established dry cleaner, the building presents a turnkey business opportunity for a buyer to continue the existing operation or transition to a different use. The building includes approximately 3,600 square feet of main-level commercial space and a sizable 600 square foot basement, ideal for storage. A significant advantage is the recently installed (five years old) heat blower, ensuring efficient and cost-effective climate control. Three-phase electric service is also in place, accommodating a wide range of business needs. The property's prime location on Main Street provides excellent visibility and high foot traffic, with neighboring businesses including Rite Aid, J Steak and Subs, and HNL Lab. Its convenient proximity to Routes 329 and 145 ensures easy accessibility for customers and employees. The C-1 zoning allows for a diverse range of uses, including but not limited to insurance and real estate offices, beauty and barber services, childcare facilities, medical and other healthcare services, and residential uses compliant with township codes. This presents a compelling investment opportunity in a thriving commercial area.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1951
Total area 4,380 SF
Lot 0.13 ac (5,600 SF)
Zoning code C1
APN L4SW4C 10 24 0522
UPID US73-0387090

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

1627 Main St Northampton, PA 18067-1542
Northampton metro Census 16201 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2017
5 recorded transactions
2017
$140,000
2014
$32,000
1999
$133,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C1 · Northampton, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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