Multi-Building Mixed-Use
For Sale
$1,850,000
275 E Central Ave, East Bangor, PA 18013
A restaurant, event space, office, apartment, ice cream parlor, and garage make up this varied commercial property.
Property Size11,855 SF
Lot Size1.40 Acres
Price / SF$156.05
Days on Market8
Property Features for 275 E Central Ave
General Information
Standard status
Active
Size
11,855 SF
Total Parking Spaces
150
Lot size
1.40 Acres
Zoning
C-2
Site & Location
Traffic Count
22,000 vehicles/day
Mixed-Use Components
restaurant, event venue, retail, garage, office, residential
Additional Details
Seating Capacity
176
Taxes and HOA fees
Annual Taxes
$16,219
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Lily Fisher
(610) 393-3846
Source:
Exprealty
Added: Oct 28
Changed: Nov 4
Last Checked: Nov 4 at 2:22PM
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.
The 11,855-square-foot property comprises multiple buildings on 1.395 acres. Improvements include a restaurant and event venue with a commercial kitchen, seating for approximately 176 guests, and private banquet space. Other components include a mixed-use commercial building, ice cream parlor, five-bay garage, professional office space, and a three-bedroom apartment. The site is zoned C-2; any permitted uses or redevelopment would be subject to municipal approvals.
Along Route 512, the property has approximately 690 feet of frontage and more than 150 parking spaces. Reported traffic counts are 22,000 vehicles per day.
Along Route 512, the property has approximately 690 feet of frontage and more than 150 parking spaces. Reported traffic counts are 22,000 vehicles per day.
Key Highlights
- 11,855 square feet of improvements on 1.395 acres
- Restaurant and event venue with seating for approximately 176 guests and private banquet space
- Additional buildings include a mixed‑use commercial property, ice cream parlor, and professional office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,966
Cap Rate
6.65%
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 6.65%
Second Best
Mixed Use
$1.71M
$1.50M – $2.00M
NOI $120,032 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,396 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
22,000 VPD
Traffic count
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 - A restaurant, event space, office, apartment, ice cream parlor, and garage make up this varied commercial property.
Where is this mixed-use property located?
The property is located at 275 E Central Ave East Bangor, PA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 11,855 square feet of improvements on 1.395 acres; Restaurant and event venue with seating for approximately 176 guests and private banquet space; Additional buildings include a mixed‑use commercial property, ice cream parlor, and professional office space
