6-Lane Bowling
For Sale
$650,000
140 N 4th Street, Lehighton, PA 18235
Commercial Sale, Lehighton, PA
Property Size5,084 SF
Lot Size0.23 Acres
Price / SF$127.85
Days on Market262
Property Features for 140 N 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential
Elementary school district
Lehighton Area
Middle school district
Lehighton Area
High school district
Lehighton Area
Subdivision
Lehighton Borough
Standard status
Active
APN
70A10-29-K13
Size
5,084 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4116
Building Details
Year built
1955
Floors in Building
2
Listing Agency:
Koehler-Marvin Realty Brokerage, LLC
(610) 377-8000
Listed By:
Aaron Kromer
(610) 597-4376
Added: Jan 2
Changed: Sep 7
Last Checked: Sep 21 at 2:06AM
MLS# PM-138050
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.
The property contains a 5,084-square-foot bowling facility with six lanes and a snack stand. An upstairs residential component includes a three-bedroom, one-bath apartment, creating a combined entertainment and housing configuration within the same building. Constructed in 1955, the structure occupies a 0.23-acre parcel.
Located at 140 N 4th Street in Lehighton, Pennsylvania, the property is positioned within the borough identified by ZIP Code 18235. Its layout brings recreational space and an apartment together in a single mixed-use asset, with the bowling area and residential quarters serving distinct functions.
Located at 140 N 4th Street in Lehighton, Pennsylvania, the property is positioned within the borough identified by ZIP Code 18235. Its layout brings recreational space and an apartment together in a single mixed-use asset, with the bowling area and residential quarters serving distinct functions.
Key Highlights
- 5,084‑square‑foot bowling facility
- Six bowling lanes
- Snack stand included
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
$49,645
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
7.64%
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%
$992,900
$992.9K
Cap Rate 7%
$709,214
$709.2K
Cap Rate 9%
$551,611
$551.6K
Market Conditions
NOI Build-Up for 5,084 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
$85.4K $16.80/SF
− Vacancy
−$6.0K −$1.18/SF
EGI
$79.4K $15.62/SF
− OpEx
−$29.8K −$5.86/SF
NOI
$49.6K $9.76/SF
Area
Carbon County, PA
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
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%
$992,900
Cap Rate 7%
$709,214
Cap Rate 9%
$551,611
Alternative Uses
Best Use
Mixed Use
$709.2K
$620.6K – $827.4K
NOI $49,645 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$670.1K
$586.4K – $781.8K
NOI $46,909 @ 7.0% cap · market cap 7.22%
Theoretical Best
Specialty Retail
$998.8K
$873.9K – $1.17M
NOI $69,915 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 18235, PA
19,139
Population
8,796
Households
2.2
Avg Household Size
47
Median Age
19%
College-Educated
89%
High-School Grad
86.9 sq mi
ZIP Area
220
Density / Sq Mi
$72,626
Median Household Income
$44,418
Median Earnings
$1,003
Median Rent
$218,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Bowling alley - Mixed-use property with an on-site snack stand and upstairs apartment.
Where is this bowling alley located?
The property is located at 140 N 4th Street Lehighton, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 5,084‑square‑foot bowling facility; Six bowling lanes; Snack stand included
