1101 Lehigh Street, Easton, PA 18042

Building Details

Building Size 3,452 SF More

Year Built 1920 More

Tenancy Multi More

Listing Agency: Morganelli Properties LLC

Listed By: Ryan L. Romeo Show Phone

Source: Bhhspaulfordrealtors

Added: Aug 4 Changed: Nov 8 Last Checked: Nov 10 at 4:51PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Morganelli Properties LLC

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Investment Insights

Based on property information with market context.

This 3,452-square-foot mixed-use property combines three residential apartments with a commercial storefront and two garages. The apartment mix includes two two-bedroom units and one one-bedroom unit. The storefront is fully leased and currently operates as a bodega, while one garage is leased and the other is owner-occupied.

The building was completely rebuilt within the last year, providing recently completed improvements across the property. Located at 1101 Lehigh St in Easton, Pennsylvania, the asset brings residential, retail, and garage components together within one property.

Key Highlights

• 3,452‑square‑foot mixed‑use property at 1101 Lehigh St, Easton, PA
• Apartment mix includes two 2‑bedroom units and one 1‑bedroom unit
• Fully leased commercial storefront currently operating as a bodega

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,952

Cap Rate

4.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$699,040 $699.0K

Cap Rate 7%

$499,314 $499.3K

Cap Rate 9%

$388,356 $388.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,452 SF

Gross rent

$62.1K $18.00/SF

− Vacancy

−$6.2K −$1.80/SF

EGI

$55.9K $16.20/SF

− OpEx

−$21.0K −$6.07/SF

NOI

$35.0K $10.13/SF

Area

Northampton County, PA

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$699,040

Cap Rate 7%

$499,314

Cap Rate 9%

$388,356

Alternative Uses

Best Use

Mixed Use

$499.3K

$436.9K – $582.5K (±1% cap)

NOI $34,952 @ 7.0% cap · market cap 4.11%

Second Best

Retail

$381.9K

$334.2K – $445.6K (±1% cap)

NOI $26,735 @ 7.0% cap · market cap 3.15%

Theoretical Best

Office A

$654.7K

$572.9K – $763.9K (±1% cap)

NOI $45,832 @ 7.0% cap · market cap 5.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Western Union Bank A To Z Convenience (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Catering Service Carpet & Flooring Store Veterinary Clinic Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,090

Businesses Nearby

Explore this area Business Placement

Demographics for 18042, PA

44,026

Population

17,932

Households

2.5

Avg Household Size

36

Median Age

27%

College-Educated

89%

High-School Grad

22.1 sq mi

ZIP Area

1,992

Density / Sq Mi

$75,806

Median Household Income

$40,015

Median Earnings

$1,245

Median Rent

$205,900

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Northampton County, PA

$129 Jul

$147 Aug

$147 Sep

$151 Oct

Properties on Market for Mixed-use properties in Northampton County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three apartments accompany a leased storefront and two garages in a recently rebuilt mixed-use building.

Where is this mixed-use property located?

The property is located at 1101 Lehigh Street Easton, PA.

What is the asking price?

The asking price for this property is $849,900.

What are key features of this property?

This property features: 3,452‑square‑foot mixed‑use property at 1101 Lehigh St, Easton, PA; Apartment mix includes two 2‑bedroom units and one 1‑bedroom unit; Fully leased commercial storefront currently operating as a bodega