Multi-Building Mixed-Use
New
For Sale
$1,850,000
275 East Central Avenue, Bangor, PA 18013
Restaurant, event space, offices, an apartment, and supporting commercial buildings form a diverse property configuration.
Property Size11,855 SF
Lot Size1.40 Acres
Price / SF$156.05
Days on Market4
Property Features for 275 East Central Avenue
General Information
Standard status
Active
Size
11,855 SF
Total Parking Spaces
150
Lot size
1.40 Acres
Property subtype
Retail
Zoning
C-2
Site & Location
Traffic Count
22,000 vehicles/day
Road Access
Yes
Mixed-Use Components
restaurant, event venue, ice cream parlor, garage, office, residential
Additional Details
Seating Capacity
176
Taxes and HOA fees
Annual Taxes
$16,219
Building Details
Building Size
11,855 SF
Year Built
1900
Listing Agency:
Howard Hanna TheFrederickGroup
Listed By:
Lily Fisher
Source:
Bhhspaulfordrealtors
Added: Oct 28
Changed: Oct 31
Last Checked: Oct 31 at 3:30AM
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
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Investment Insights
Based on property information with market context.
This East Bangor mixed-use property brings together a restaurant with a commercial kitchen and private event space, an ice cream parlor, professional offices, a three-bedroom apartment, and a five-bay garage. The restaurant has seating for approximately 176 guests. The property includes approximately 11,855 SF of improvements across 1.395 acres, and the original building dates to 1900.
The site has approximately 690 feet of frontage along Route 512, reported traffic counts of 22,000 vehicles per day, and 150+ parking spaces. C-2 zoning supports consideration of continued commercial use, repositioning, or redevelopment, subject to municipal approvals.
The site has approximately 690 feet of frontage along Route 512, reported traffic counts of 22,000 vehicles per day, and 150+ parking spaces. C-2 zoning supports consideration of continued commercial use, repositioning, or redevelopment, subject to municipal approvals.
Key Highlights
- Approximately 11,855 SF of improvements on 1.395 acres
- Restaurant with seating for approximately 176 guests, commercial kitchen, and private event space
- Includes an ice cream parlor, professional office space, three‑bedroom apartment, and five‑bay garage
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.
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Current Use
Lease Details
22,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
57
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
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant, event space, offices, an apartment, and supporting commercial buildings form a diverse property configuration.
Where is this mixed-use property located?
The property is located at 275 East Central Avenue 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: Approximately 11,855 SF of improvements on 1.395 acres; Restaurant with seating for approximately 176 guests, commercial kitchen, and private event space; Includes an ice cream parlor, professional office space, three‑bedroom apartment, and five‑bay garage
