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    Mixed-Use Building with Storefronts Title is generated by Realmo AI

    28 S Main Street, Bangor, PA 18013

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    For Sale
    $1,100,000

    COMMERCIAL - Bangor, PA

    Property size:
    9,221 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $119/SF
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 28 S Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C1
    Rooms
    Basement
    Basement
    Full, Concrete, Unfinished
    Standard status
    Active
    APN
    5667-01-8524-4542
    Size
    9,221 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    Block: 7 /Lot: 12
    Tax Annual Amount
    5818

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Steam
    Cooling system
    Attic Fan
    Water source
    Public

    Building Details

    Year built
    1907
    Floors in Building
    3
    Flooring type
    Vinyl, Laminate, Hardwood
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    James Galligan

    Listing agent James Galligan

    Listing office Keller Williams Real Estate - Stroudsburg 803 Main 803 Main Street, Stroudsburg, PA

    Listing date Jun 5, 2026

    MLS# PM-141941

    Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Iconic mixed‑use commercial building built in 1907 with brick construction
    • 6 income‑producing units total: 2 stone‑front commercial spaces along Main Street and 4 spacious 3BD apartments above
    • Walk‑up 4th floor with potential for additional rental units or expanded income opportunities
    • Recent updates include a new shingle roof in 2022 and a new natural gas boiler installed in 2025
    • Updated electrical systems and newer windows throughout
    • Utilities and services include public water and public sewer; cable available; heating includes natural gas and steam

    Overview

    This mixed-use property includes six income-producing units: two highly visible stone-front commercial spaces on the street level and four spacious 3-bedroom apartments above. A walk-up 4th floor is also included, offering flexibility for additional rental space or other operating configurations. Recent building improvements include a new roof installed in 2022, a new natural gas boiler installed in 2025, updated electrical systems, and newer windows throughout.

    Located at 28 S Main Street in Bangor, Pennsylvania, the building sits in the center of downtown. It is surrounded by local businesses and restaurants and benefits from prominent street-level presence from its storefronts.

    For buyers or operators seeking a mixed-use asset with both commercial and residential components, the existing unit mix supports multiple tenancy types in one structure. The location and street-facing storefronts may appeal to retail and service operators looking for downtown visibility, while the apartment configuration provides established residential space for longer-term occupants. The documented capital updates help reduce near-term maintenance concerns and support continued operation of the building’s current layout.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $166.0k $18.00
    − Vacancy −$16.6k −$1.80
    EGI $149.4k $16.20
    − OpEx −$56.0k −$6.07
    NOI $93.4k $10.13
    9,221 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $1.33M
    $1.17M – $1.56M (±1% cap)
    NOI $93,363 @ 7.0% cap · market cap 8.49%
    Second Best
    Retail
    $1.02M
    $892.7K – $1.19M (±1% cap)
    NOI $71,415 @ 7.0% cap · market cap 6.49%
    Theoretical Best
    Office A
    $1.75M
    $1.53M – $2.04M (±1% cap)
    NOI $122,425 @ 7.0% cap · market cap 11.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.2052886
    Latitude
    40.8674323

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    FAQs

    What type of property is this?
    Mixed-use property - Two stone-front retail spaces with four 3-bedroom apartments above in a C1-zoned downtown mixed-use building.
    Where is this mixed-use property located?
    The property is located at 28 S Main Street Bangor, PA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Iconic mixed‑use commercial building built in 1907 with brick construction; 6 income‑producing units total: 2 stone‑front commercial spaces along Main Street and 4 spacious 3BD apartments above; Walk‑up 4th floor with potential for additional rental units or expanded income opportunities
    (570) 421-2890
    We can help!
    Listing Contact
    James Galligan
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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