Mixed-Use Building with
New
For Sale
$500,000
Pending
1225 Main Street, Hellertown, PA 18055
The property combines an eye-care office layout with two residential apartments and rear off-street parking.
Property Size3,660 SF
Days on Market6
Property Features for 1225 Main Street
General Information
Standard status
Pending
Size
3,660 SF
Total Parking Spaces
2
Zoning
M
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Office Units
1
Individually Metered Utilities
electricity, water, sewer
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Utilities to Site
Yes
Property Use
Medical Office
Medical Specialty
Eye Care
Taxes and HOA fees
Annual Taxes
$5,331
Amenities
Electric
Yes
Public
0.00 x 0.00
0.07
No
Assessor
Other,On Street
Paved Parking
2
3660.00
Building Details
Building Size
3,660 SF
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Real Estate - Bethlehem
(610) 867-8888
Listed By:
Jennifer Schimmel
(610) 360-0036
Source:
Corbyrealty
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 4 at 6:34AM
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 Keller Williams Real Estate - Bethlehem
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Investment Insights
Based on property information with market context.
This 3,660-square-foot mixed-use building at 1225 Main Street includes an eye-care office area and two apartments. The office layout has a waiting room, exam room, lab, kitchenette, bathroom, and basement access. The first-floor apartment has one bedroom, an open kitchen and dining area, a living room, and a full bathroom. A two-bedroom apartment on the second floor includes an open kitchen and dining area, living room, full bathroom, and deck.
The 0.07-acre property is zoned M and was built in 1940. Two off-street parking spaces are provided at the rear; additional parking is on street. Basement storage includes separate electrical, hot water, and water/sewer meters. Exterior ramp and sidewalks have been updated.
The 0.07-acre property is zoned M and was built in 1940. Two off-street parking spaces are provided at the rear; additional parking is on street. Basement storage includes separate electrical, hot water, and water/sewer meters. Exterior ramp and sidewalks have been updated.
Key Highlights
- 3,660‑square‑foot mixed‑use property with an eye‑care office layout and two apartments
- Office includes a waiting room, exam room, lab, kitchenette, bathroom, and basement access
- First‑floor apartment has 1 bedroom; second‑floor apartment has 2 bedrooms and a deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,963
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,260
$759.3K
Cap Rate 7%
$542,329
$542.3K
Cap Rate 9%
$421,811
$421.8K
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$54.9K $15.00/SF
− Vacancy
−$4.3K −$1.17/SF
EGI
$50.6K $13.83/SF
− OpEx
−$12.7K −$3.46/SF
NOI
$38.0K $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 Rate 5%
$759,260
Cap Rate 7%
$542,329
Cap Rate 9%
$421,811
Alternative Uses
Best Use
Office B
$542.3K
$474.5K – $632.7K
NOI $37,963 @ 7.0% cap · market cap 7.59%
Second Best
Mixed Use
$529.4K
$463.2K – $617.6K
NOI $37,058 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$694.2K
$607.4K – $809.9K
NOI $48,593 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
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Business Placement
Demographics for 18055, PA
12,077
Population
4,946
Households
2.4
Avg Household Size
46
Median Age
39%
College-Educated
95%
High-School Grad
20.0 sq mi
ZIP Area
604
Density / Sq Mi
$90,087
Median Household Income
$52,690
Median Earnings
$1,273
Median Rent
$293,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines an eye-care office layout with two residential apartments and rear off-street parking.
Where is this mixed-use property located?
The property is located at 1225 Main Street Hellertown, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,660‑square‑foot mixed‑use property with an eye‑care office layout and two apartments; Office includes a waiting room, exam room, lab, kitchenette, bathroom, and basement access; First‑floor apartment has 1 bedroom; second‑floor apartment has 2 bedrooms and a deck
