Mixed-Use Property with
257 E Central Avenue, Bangor, PA 18013
For Sale
$2,700,000
ResidentialIncome, East Bangor Boro, PA
Property Size11,855 SF
Lot Size1.40 Acres
Price / SF$227.75
Days on Market190
Property Features for 257 E Central Avenue
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Site & Location
Corner Location
Mixed-Use Components
Additional Details
Currently Operating
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Buildings
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Lily Fisher
(610) 393-3846
Added: May 4
Changed: Oct 26
Last Checked: Nov 9 at 4:06AM
MLS# 776172
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The East Bangor property comprises two buildings totaling 11,855 square feet. One building contains a restaurant with seating for approximately 176 guests, a commercial kitchen, accessible restrooms, and upper-level event space. The second includes an ice cream shop, offices, a three-bedroom apartment, additional commercial areas, and garage bays used for storage. Equipment includes Taylor soft-serve machines, commercial refrigeration, bakery equipment, and dining furnishings. Metal roofing is present on all buildings.
The site has C-2 zoning and parking for more than 150 vehicles. It is located in Northampton County, approximately five miles from New Jersey and Route 80. Public water is available; sewer service includes public sewer and a septic tank. Heating is natural gas, and the buildings have central air conditioning.
The site has C-2 zoning and parking for more than 150 vehicles. It is located in Northampton County, approximately five miles from New Jersey and Route 80. Public water is available; sewer service includes public sewer and a septic tank. Heating is natural gas, and the buildings have central air conditioning.
Key Highlights
- Two buildings totaling 11,855 square feet
- Restaurant seating for approximately 176 guests, with a commercial kitchen and upper‑level event space
- Second building includes an ice cream shop, offices, a three‑bedroom apartment, and flexible commercial areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,966
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,459,320
$2.5M
Cap Rate 7%
$1,756,657
$1.8M
Cap Rate 9%
$1,366,289
$1.4M
Market Conditions
NOI Build-Up for 11,855 SF
Gross rent
$177.8K $15.00/SF
− Vacancy
−$13.9K −$1.17/SF
EGI
$164.0K $13.83/SF
− OpEx
−$41.0K −$3.46/SF
NOI
$123.0K $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 Rate 5%
$2,459,320
Cap Rate 7%
$1,756,657
Cap Rate 9%
$1,366,289
Alternative Uses
Best Use
Specialty Retail
$1.76M
$1.54M – $2.05M
NOI $122,966 @ 7.0% cap · market cap 4.55%
Second Best
Mixed Use
$1.71M
$1.50M – $2.00M
NOI $120,032 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,396 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
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Business Placement
Demographics for 18013, PA
17,436
Population
7,401
Households
2.4
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
63.0 sq mi
ZIP Area
277
Density / Sq Mi
$76,116
Median Household Income
$37,107
Median Earnings
$1,088
Median Rent
$245,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Northampton County, PA
Properties on Market for Mixed-use properties in Northampton County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings combine restaurant and event space with an ice cream shop, office areas, an apartment, and garage storage.
Where is this mixed-use property located?
The property is located at 257 E Central Avenue Bangor, PA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Two buildings totaling 11,855 square feet; Restaurant seating for approximately 176 guests, with a commercial kitchen and upper‑level event space; Second building includes an ice cream shop, offices, a three‑bedroom apartment, and flexible commercial areas
