Mixed-Use Restaurant
257 East Central Avenue, Bangor, PA 18013
For Sale
$2,700,000
Two-building commercial property with a restaurant, event space, apartment, ice cream shop, garages, and extensive equipment.
Property Size11,855 SF
Days on Market191
Property Features for 257 East Central Avenue
General Information
Standard status
Size
Property subtype
Restaurant
Seating Capacity
Equipment Included
Additional Details
Furnished
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
event space
office space
apartment
flexible commercial areas
garage bays
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Howard Hanna TheFrederickGroup
Listed By:
Latidia D. Fisher
(610) 393-3846
Source:
Bhhspaulfordrealtors
Added: May 4
Changed: Nov 2
Last Checked: Nov 10 at 4:41PM
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 Howard Hanna TheFrederickGroup
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 property at 255 East Central Avenue combines two commercial buildings on more than 4 acres. The 5,988-square-foot first building, constructed in 2001, contains a restaurant with seating for approximately 176 guests, a commercial kitchen, ADA-compliant restrooms, and an upper-level event area. The second building measures 5,867 square feet and includes an ice cream shop, offices, a three-bedroom apartment, flexible commercial areas, and garage bays with storage.
The property includes two nearly new Taylor soft-serve machines, commercial refrigeration, bakery equipment, dining furnishings, and other FF&E. Parking accommodates 150+ vehicles, and all buildings have newer metal roofs. The site is located at 255 East Central Avenue in East Bangor Boro, Pennsylvania, approximately five miles from the NJ/Route 80 highway. Additional acreage and rental income from adjacent parcels may also be available.
The property includes two nearly new Taylor soft-serve machines, commercial refrigeration, bakery equipment, dining furnishings, and other FF&E. Parking accommodates 150+ vehicles, and all buildings have newer metal roofs. The site is located at 255 East Central Avenue in East Bangor Boro, Pennsylvania, approximately five miles from the NJ/Route 80 highway. Additional acreage and rental income from adjacent parcels may also be available.
Key Highlights
- Two‑building mixed‑use property on more than 4 acres
- 5,988 SF restaurant building constructed in 2001
- 5,867 SF second building with ice cream shop, offices, apartment, and 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
Who owns this building?
See the owner, sales and loan history
Open 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
$245,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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-building commercial property with a restaurant, event space, apartment, ice cream shop, garages, and extensive equipment.
Where is this mixed-use property located?
The property is located at 257 East 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‑building mixed‑use property on more than 4 acres; 5,988 SF restaurant building constructed in 2001; 5,867 SF second building with ice cream shop, offices, apartment, and commercial areas
