Mixed-Use Arts and Office
For Sale
$3,470,000
230 Ferry St, Easton, PA 18042
Mixed-use arts building offering gallery, studio, office, and fitness space, plus two 3-bedroom apartments and an efficiency unit.
Property Size32,434 SF
Price / SF$106.99
Days on Market183
Property Features for 230 Ferry St
General Information
Standard status
Active
Size
32,434 SF
Total Parking Spaces
6
Additional Details
Sprinkler System
Yes
Multifamily Units
3
Building Details
Year Built
1857
Tenancy
Multi
Listing Agency:
BHHS Paul Ford Realtors
Listed By:
Clay R Mitman · License #RM046330A
(610) 390-6752
Source:
Selltheshore
Added: Apr 24
Changed: Oct 15
Last Checked: Oct 7 at 2:45PM
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 BHHS Paul Ford Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use arts and office building includes gallery space, artist workshops, business offices, photography studios, fashion design space, and a fitness gym, along with a florist. The property also contains two 3-bedroom residential apartments and an efficiency apartment, including a top-floor penthouse previously occupied by the owner. Improvements include a full sprinkler system throughout (including the basement) and a fully serviced freight elevator, supported by several loading docks.
The building features six off-street parking spaces plus an interior courtyard. A city of Easton parking deck is located less than one block away, with nearby local restaurants, stores, and a walking trail from downtown to College Hill named after Karl Stirner.
With a range of creative and office-oriented spaces, along with multiple residential units, the property supports flexible live-work or mixed-use occupancy configurations.
The building features six off-street parking spaces plus an interior courtyard. A city of Easton parking deck is located less than one block away, with nearby local restaurants, stores, and a walking trail from downtown to College Hill named after Karl Stirner.
With a range of creative and office-oriented spaces, along with multiple residential units, the property supports flexible live-work or mixed-use occupancy configurations.
Key Highlights
- Built in 1857 mixed‑use arts building with approximately 40,000 sq ft of space
- Tenants include gallery space, artist workshops, business offices, photography studios, full fitness gym, fashion design space, and florist
- Residential income includes two 3‑bedroom apartments plus an efficiency apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$214,419
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,288,380
$4.3M
Cap Rate 7%
$3,063,129
$3.1M
Cap Rate 9%
$2,382,433
$2.4M
Market Conditions
NOI Build-Up for 32,434 SF
Gross rent
$330.8K $10.20/SF
− Vacancy
−$24.5K −$0.76/SF
EGI
$306.3K $9.44/SF
− OpEx
−$91.9K −$2.83/SF
NOI
$214.4K $6.61/SF
Area
Northampton County, PA
Vacancy
7.41%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,288,380
Cap Rate 7%
$3,063,129
Cap Rate 9%
$2,382,433
Alternative Uses
Best Use
Office B
$4.81M
$4.21M – $5.61M
NOI $336,422 @ 7.0% cap · market cap 9.70%
Second Best
Multifamily LT 5
$3.06M
$2.68M – $3.57M
NOI $214,419 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$6.15M
$5.38M – $7.18M
NOI $430,620 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,571
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Creative space - Mixed-use arts building offering gallery, studio, office, and fitness space, plus two 3-bedroom apartments and an efficiency unit.
Where is this creative space located?
The property is located at 230 Ferry St Easton, PA.
What is the asking price?
The asking price for this property is $3,470,000.
What are key features of this property?
This property features: Built in 1857 mixed‑use arts building with approximately 40,000 sq ft of space; Tenants include gallery space, artist workshops, business offices, photography studios, full fitness gym, fashion design space, and florist; Residential income includes two 3‑bedroom apartments plus an efficiency apartment
