Mixed-Use Property with Commercial
For Sale
Contact for pricing
1707 Washington Blvd, Easton, PA 18042
Mixed-use commercial property with income and commercial kitchen in Easton.
Property Size10,000 SF
Price / SF$138.50
Days on Market143
Property Features for 1707 Washington Blvd
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Mixed Use, Multifamily, Office, Retail
Zoning
C1 - Local Commercial
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1920
Year Renovated
2024
Buildings
1
Stories
2
Units
7
Listing Agency:
Serhant Real Estate
(215) 383-0117
Listed By:
Kylie Miller · License #RS336704
Source:
Crexi
Added: Mar 23
Changed: Aug 8
Last Checked: Aug 8 at 6:38AM
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 Serhant Real Estate
Investment Insights
Based on property information with market context.
Located on Washington Boulevard in Easton, PA, this mixed-use commercial property presents a combination of income, commercial infrastructure, and long-term potential. The property features a well-maintained mixed-use building with commercial and residential components. The residential apartment is currently occupied, providing income, while the commercial spaces offer flexibility. A dedicated commercial kitchen in the rear of the building supports catering, food production, and event operations. The larger commercial areas are utilized for catering and events, making the property suited for hospitality, food service, or experiential concepts that require prep space and customer-facing square footage. A smaller studio apartment is utilized by a religious organization for worship services, contributing to the income mix. The property benefits from visibility along Washington Boulevard, a well-traveled corridor within Wilson Borough, near Downtown Easton, with access to Route 22 and the Lehigh Valley market. Zoning supports commercial applications, allowing future ownership to reposition or optimize the property. With its kitchen infrastructure, open layout, and mixed-use configuration, the property is positioned for event use, catering operations, shared kitchen concepts, or adaptive reuse. This is an opportunity for investors seeking a mixed-use asset with income streams and infrastructure that reduces startup costs for food or event-oriented tenants, while offering flexibility for future value creation. The property size is 10000 square feet.
Key Highlights
- Commercial Kitchen: Dedicated commercial kitchen infrastructure supports catering, food production.
- Mixed‑Use Property: Combines commercial and residential components, offering multiple income streams.
- High Visibility Location: Situated on Washington Boulevard, a well‑traveled corridor, providing strong visibility.
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
$103,725
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
7.49%
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%
$2,074,500
$2.1M
Cap Rate 7%
$1,481,786
$1.5M
Cap Rate 9%
$1,152,500
$1.2M
Market Conditions
NOI Build-Up for 10,000 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
$150.0K $15.00/SF
− Vacancy
−$11.7K −$1.17/SF
EGI
$138.3K $13.83/SF
− OpEx
−$34.6K −$3.46/SF
NOI
$103.7K $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%
$2,074,500
Cap Rate 7%
$1,481,786
Cap Rate 9%
$1,152,500
Alternative Uses
Best Use
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,725 @ 7.0% cap · market cap 7.49%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,250 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,768 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Clarion Inn Sheffield Muscle Shoals
Hotels & Casinos
3,544 visits/mo
0.4 miles
Demographics for 18042, PA
44,026
Population
17,932
Households
2.5
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
1,992
Density / Sq Mi
$75,806
Median Household Income
$40,015
Median Earnings
$1,245
Median Rent
$205,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use commercial property with income and commercial kitchen in Easton.
Where is this mixed-use property located?
The property is located at 1707 Washington Blvd Easton, PA.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Commercial Kitchen: Dedicated commercial kitchen infrastructure supports catering, food production.; Mixed‑Use Property: Combines commercial and residential components, offering multiple income streams.; High Visibility Location: Situated on Washington Boulevard, a well‑traveled corridor, providing strong visibility.
