Mediterranean Quick-Service
For Sale
$149,900
2722 Easton Ave, Bethlehem, PA 18017
Business-only sale with operating assets, inventory, brand rights, and lease assignment available to a qualified buyer.
Property Size1,073 SF
Price / SF$139.70
Days on Market21
Property Features for 2722 Easton Ave
General Information
Standard status
Active
Size
1,073 SF
Property subtype
Business Opportunity
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Year Built
1960
Listing Agency:
RE/MAX Keystone
(215) 885-8900
Listed By:
Marie m Moynihan · License #RS339854
Source:
Kandorre
Added: Aug 9
Changed: Aug 28
Last Checked: Aug 29 at 12:16PM
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 RE/MAX Keystone
Investment Insights
Based on property information with market context.
This business-only restaurant sale includes the operating assets needed for continued service, along with inventory and the associated brand package, including recipes and trade name rights. Real estate is excluded from the offering. The concept is positioned as a Mediterranean quick-service restaurant at 2722 Easton Ave in Bethlehem, Pennsylvania.
The site is situated on Easton Avenue near residential areas, local businesses, Lehigh University, and Moravian University. A lease assignment is available to a qualified buyer, allowing the purchaser to pursue continued occupancy at the existing location subject to lease terms and approval.
The site is situated on Easton Avenue near residential areas, local businesses, Lehigh University, and Moravian University. A lease assignment is available to a qualified buyer, allowing the purchaser to pursue continued occupancy at the existing location subject to lease terms and approval.
Key Highlights
- Business‑only asset sale; real estate is not included
- Includes furniture, fixtures, equipment, and inventory
- Brand package includes recipes and trade name rights
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
$8,585
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
5.73%
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%
$171,700
$171.7K
Cap Rate 7%
$122,643
$122.6K
Cap Rate 9%
$95,389
$95.4K
Market Conditions
NOI Build-Up for 1,073 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
$12.4K $11.52/SF
− Vacancy
−$915 −$0.85/SF
EGI
$11.4K $10.67/SF
− OpEx
−$2.9K −$2.67/SF
NOI
$8.6K $8.00/SF
Area
Lehigh County, PA
Vacancy
7.40%
Lease Rate
$11.52 /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%
$171,700
Cap Rate 7%
$122,643
Cap Rate 9%
$95,389
Alternative Uses
Best Use
Specialty Retail
$122.6K
$107.3K – $143.1K
NOI $8,585 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$157.8K
$138.1K – $184.1K
NOI $11,045 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
223k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 37%
Groceries 21%
Electronics 1%
Giant Food Store
Groceries
36,976 visits/mo
0.5 miles
Wawa
Shops & Services
32,687 visits/mo
0.2 miles
McDonald's
Dining
29,183 visits/mo
0.1 miles
Dollar Tree
Shops & Services
21,334 visits/mo
0.5 miles
Taco Bell
Dining
15,171 visits/mo
0.1 miles
Demographics for 18017, PA
39,663
Population
16,773
Households
2.4
Avg Household Size
46
Median Age
40%
College-Educated
93%
High-School Grad
16.8 sq mi
ZIP Area
2,361
Density / Sq Mi
$88,946
Median Household Income
$45,618
Median Earnings
$1,535
Median Rent
$310,600
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 - Business-only sale with operating assets, inventory, brand rights, and lease assignment available to a qualified buyer.
Where is this conventional restaurant located?
The property is located at 2722 Easton Ave Bethlehem, PA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Business‑only asset sale; real estate is not included; Includes furniture, fixtures, equipment, and inventory; Brand package includes recipes and trade name rights
