Multi-Use Restaurant Building with
For Sale
$750,000
127 S Broad Street, Nazareth, PA 18064
COMMERCIAL - Nazareth, PA
Property Size6,300 SF
Lot Size0.28 Acres
Price / SF$119.05
Days on Market52
Property Features for 127 S Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5
Zoning description
Commercial
Subdivision
Nazareth Borough
Standard status
Active
APN
J7SE3A 11 8 0421
Size
6,300 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7684
Utilities
Sewer type
Public Sewer
Heating system
Oil, Ductless (Heating), Natural Gas, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1890
Floors in Building
3
Flooring type
Hardwood, Tile, Vinyl
Building materials
Stone, Vinyl Siding
Roof type
Fiberglass, Asphalt
Listing Agency:
Keller Williams Real Estate - Northampton Co · Keller Williams Realty
(610) 867-8888
Listed By:
Kelly Houston · License #RS337374
(610) 867-8888
Added: Jul 1
Changed: Aug 9
Last Checked: Aug 21 at 11:06AM
MLS# PM-142682
Copyright © 2026 Pocono Mountains Association of 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 fully renovated multi-use building is designed for owner-operator flexibility and income-producing use. The first floor is currently configured as a restaurant and includes an equipped commercial kitchen package with a walk-in freezer and hood systems, along with some bar and kitchen equipment included. Upstairs, the property offers a beautifully updated 3-bedroom apartment.
The asset is located at 127 S Broad Street in Nazareth, PA, within R5 zoning. The property sits on a 0.28-acre lot and includes 20+ paved parking spots, supporting convenient on-site access for customers and residents.
For tenants, buyers, or operators seeking a live-and-work or multi-use setup, the layout supports two distinct uses under one roof: restaurant operations below and a residential unit above. With restaurant equipment already present and the building renovated inside and out, the property can serve as a base for continued foodservice operations and/or an owner-occupied arrangement that keeps day-to-day needs on-site.
The asset is located at 127 S Broad Street in Nazareth, PA, within R5 zoning. The property sits on a 0.28-acre lot and includes 20+ paved parking spots, supporting convenient on-site access for customers and residents.
For tenants, buyers, or operators seeking a live-and-work or multi-use setup, the layout supports two distinct uses under one roof: restaurant operations below and a residential unit above. With restaurant equipment already present and the building renovated inside and out, the property can serve as a base for continued foodservice operations and/or an owner-occupied arrangement that keeps day-to-day needs on-site.
Key Highlights
- Fully renovated multi‑use building with first‑floor restaurant space and an upstairs 3‑bedroom apartment
- Equipped commercial kitchen features a walk‑in freezer and hood systems
- Includes some bar/kitchen equipment (as listed)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,347
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,306,940
$1.3M
Cap Rate 7%
$933,529
$933.5K
Cap Rate 9%
$726,078
$726.1K
Market Conditions
NOI Build-Up for 6,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$94.5K $15.00/SF
− Vacancy
−$7.4K −$1.17/SF
EGI
$87.1K $13.83/SF
− OpEx
−$21.8K −$3.46/SF
NOI
$65.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,306,940
Cap Rate 7%
$933,529
Cap Rate 9%
$726,078
Alternative Uses
Best Use
Specialty Retail
$933.5K
$816.8K – $1.09M
NOI $65,347 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.05M – $1.39M
NOI $83,644 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18064, PA
27,696
Population
10,659
Households
2.6
Avg Household Size
46
Median Age
38%
College-Educated
94%
High-School Grad
38.5 sq mi
ZIP Area
719
Density / Sq Mi
$102,857
Median Household Income
$58,471
Median Earnings
$1,235
Median Rent
$354,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully renovated multi-unit property combines an equipped restaurant space with an updated 3-bedroom apartment above.
Where is this conventional restaurant located?
The property is located at 127 S Broad Street Nazareth, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Fully renovated multi‑use building with first‑floor restaurant space and an upstairs 3‑bedroom apartment; Equipped commercial kitchen features a walk‑in freezer and hood systems; Includes some bar/kitchen equipment (as listed)
