Mixed-Use Development
For Sale
Contact for pricing
Pending
404 E 3rd St, Bethlehem, PA 18015
Fee-simple mixed-use development site with by-right plans for 80 residential units and 7,695 sq. ft. of commercial space.
Property Size66,470 SF
Lot Size0.39 Acres
Days on Market551
Property Features for 404 E 3rd St
General Information
Standard status
Pending
Size
66,470 SF
Lot size
0.39 Acres
Property subtype
Mixed Use, Multifamily, Retail
Zoning
04HI
Additional Details
Traffic Count
22,000 vehicles/day
Multifamily Units
80
Building Details
Buildings
1
Stories
7
Units
80
Listing Agency:
GREA
Listed By:
Ken Wellar · License #PA 10401252368
Source:
Crexi
Added: Mar 3, 2025
Changed: Aug 22
Last Checked: Aug 14 at 7:32AM
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 GREA
Investment Insights
Based on property information with market context.
GREA (Global Real Estate Advisors) exclusively offers the fee-simple interest in a mixed-use development site at 404 E 3rd Street in Bethlehem, Pennsylvania. The property supports by-right construction of 80 residential units complemented by 7,695 square feet of commercial space. The 0.39-acre site is designed to integrate residential and retail uses on an efficient layout that accounts for a 10-foot elevation difference.
Retail components are planned for easy access from 3rd Street. Residents are served via a private entrance on Mechanic Street, creating separation between commercial and upper-floor residential access. The remarks also note the site is within an approximately 8-minute walk to most Lehigh University facilities, and that the 3rd Street corridor has daily traffic counts exceeding 22,000 vehicles.
To support development, current ownership secured nine waivers from the City of Bethlehem’s Planning Commission. The waivers addressed setbacks, parking requirements, impervious surface ratios, and unit counts, enabling the project to achieve the proposed density and functionality while meeting local regulations.
Retail components are planned for easy access from 3rd Street. Residents are served via a private entrance on Mechanic Street, creating separation between commercial and upper-floor residential access. The remarks also note the site is within an approximately 8-minute walk to most Lehigh University facilities, and that the 3rd Street corridor has daily traffic counts exceeding 22,000 vehicles.
To support development, current ownership secured nine waivers from the City of Bethlehem’s Planning Commission. The waivers addressed setbacks, parking requirements, impervious surface ratios, and unit counts, enabling the project to achieve the proposed density and functionality while meeting local regulations.
Key Highlights
- Fee‑simple mixed‑use development site at 404 East Third Street in South Side Bethlehem, PA
- By‑right plans for 80 residential units plus 7,695 sq. ft. of commercial space
- 0.39‑acre parcel with design leveraging a 10‑foot elevation difference for efficient, accessible spaces
Property Analytics
Property Profile
Current Use
Lease Details
80
Residential units
22,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,365
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fee-simple mixed-use development site with by-right plans for 80 residential units and 7,695 sq. ft. of commercial space.
Where is this mixed-use property located?
The property is located at 404 E 3rd St Bethlehem, PA.
What are key features of this property?
This property features: Fee‑simple mixed‑use development site at 404 East Third Street in South Side Bethlehem, PA; By‑right plans for 80 residential units plus 7,695 sq. ft. of commercial space; 0.39‑acre parcel with design leveraging a 10‑foot elevation difference for efficient, accessible spaces
