Building Details

Building Size 17,350 SF

Year Built 1900

Buildings 1

Stories 3

Listing Agency: RE/MAX Real Estate

Listed By: Neel Shah Show Phone

Source: Bhhspaulfordrealtors

Added: Jun 9 Changed: Oct 16 Last Checked: Oct 16 at 3:28PM

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Investment Insights

Based on property information with market context.

This three-story mixed-use building, constructed in 1900, offers approximately 17,350 SF spanning commercial areas and upper-level space with residential conversion potential. Three street-level entrances divide access among different sections of the property. The commercial portions include the first floor, basement, second-floor rear, and an outdoor roof deck, with open-shell interiors available for build-out. A separate entrance provides independent access to the second-floor front and third floor. Zoning approval for five residential units transfers with the sale, while the upper levels may also support commercial use under Central Business Zoning. Additional rooftop development potential is also identified.

The property is near ArtsQuest, SteelStacks, the Hilton Tempo Hotel, Wind Creek, and Lehigh University. Multiple municipal parking garages, street parking, and direct access to I-78 serve the surrounding area.

Key Highlights

• Approximately ~17,350 SF across commercial and potential residential areas
• Three street‑level entrances provide separated access to different building sections
• Zoning approval for 5 residential units transfers with the sale

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$175,669

Cap Rate

8.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,513,380 $3.5M

Cap Rate 7%

$2,509,557 $2.5M

Cap Rate 9%

$1,951,878 $2.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 17,350 SF

Gross rent

$312.3K $18.00/SF

− Vacancy

−$31.2K −$1.80/SF

EGI

$281.1K $16.20/SF

− OpEx

−$105.4K −$6.07/SF

NOI

$175.7K $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%

$3,513,380

Cap Rate 7%

$2,509,557

Cap Rate 9%

$1,951,878

Alternative Uses

Best Use

Mixed Use

$2.51M

$2.20M – $2.93M (±1% cap)

NOI $175,669 @ 7.0% cap · market cap 8.81%

Second Best

Apartment 5plus

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,578 @ 7.0% cap · market cap 5.29%

Theoretical Best

Office A

$3.29M

$2.88M – $3.84M (±1% cap)

NOI $230,352 @ 7.0% cap · market cap 11.55%

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

Property Analytics

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Current Use

Dollar Max Discount Store Lehigh Pizza Restaurant

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Real Estate Agency Auto Parts Store Auto Repair Shop Pharmacy

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,641

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three-story property with separate access points for commercial space and approved residential conversion.

Where is this mixed-use property located?

The property is located at 13 East 3rd Street Bethlehem, PA.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: Approximately ~17,350 SF across commercial and potential residential areas; Three street‑level entrances provide separated access to different building sections; Zoning approval for 5 residential units transfers with the sale