Two-Building Mixed-Use
New
For Sale
$2,700,000
257 E Central Ave, East Bangor, PA 18013
C-2-zoned property combines restaurant, retail, office, apartment, and event-space components.
Property Size11,855 SF
Price / SF$227.75
Days on Market3
Property Features for 257 E Central Ave
General Information
Standard status
Active
Size
11,855 SF
Total Parking Spaces
176
Property subtype
Multifamily
Zoning
C-2
Site & Location
Corner Location
Yes
Highway Access
Yes
Mixed-Use Components
restaurant, ice cream shop, office, apartment, commercial
Restaurant
Seating Capacity
176
Equipment Included
Yes
Additional Details
Furnished
Yes
Asking Price
$2,700,000
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$16,219
Amenities
upper-level event space
garage bays with storage
Building Details
Year Built
2001
Buildings
2
Listing Agency:
(484) 259-7062
Listed By:
Lehigh Valley Just Listed
Source:
Lehighvalleyjustlisted
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:07AM
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 Lehigh Valley Just Listed
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.
Two buildings totaling 11,855 square feet combine food-service, residential, office, and event uses. The 5,988-square-foot building, constructed in 2001, contains a restaurant with seating for approximately 176 guests, a commercial kitchen, large ADA-compliant restrooms, and upper-level event space. The 5,867-square-foot second building dates to 1900 and includes an ice cream shop, office space, a three-bedroom apartment, and additional commercial areas. Multiple garage bays provide storage, and the buildings have metal roofs.
The property is zoned C-2 and has parking for more than 150 vehicles. Restaurant and hospitality operations are among the uses described for the site; redevelopment would be subject to zoning, municipal approvals, land-use regulations, and feasibility review. Equipment includes commercial refrigeration, bakery equipment, two Taylor soft-serve machines, and dining furnishings.
The property is zoned C-2 and has parking for more than 150 vehicles. Restaurant and hospitality operations are among the uses described for the site; redevelopment would be subject to zoning, municipal approvals, land-use regulations, and feasibility review. Equipment includes commercial refrigeration, bakery equipment, two Taylor soft-serve machines, and dining furnishings.
Key Highlights
- 11,855 square feet across two buildings: 5,988 square feet and 5,867 square feet
- Restaurant building includes seating for approximately 176 guests and upper‑level event space
- Second building has an ice cream shop, office space, a three‑bedroom apartment, and additional 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2-zoned property combines restaurant, retail, office, apartment, and event-space components.
Where is this mixed-use property located?
The property is located at 257 E Central Ave East 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: 11,855 square feet across two buildings: 5,988 square feet and 5,867 square feet; Restaurant building includes seating for approximately 176 guests and upper‑level event space; Second building has an ice cream shop, office space, a three‑bedroom apartment, and additional commercial areas
