Mixed-Use Investment
302 Old Mill Rd Easton, PA 18040
302 Old Mill Rd, Easton, PA, 18040
$1,949,995
For Sale
$1,949,995
Three separate parcels offer two fully commercial buildings and one mixed-use building with ample, RV-capable parking.
Property Size7,557 SF
Price / SF$258.04
Days on Market80
Property Features for 302 Old Mill Rd
General Information
- Standard status
- Active
- Size
- 7,557 SF
Listing agency
Coldwell Banker Hearthside
(484) 560-3226
Listed by
Christopher Lawlor
(484) 560-3226
Source
Exprealty
Added: May 4 Updated: Jul 22 at 5:07AM Checked: Jul 22 at 5:07AM
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 Coldwell Banker Hearthside
Investment Insights
Based on property information with market context.
This offering includes three buildings on separate parcels, consisting of two well-established commercial buildings and one additional mixed-use building. The two commercial buildings are occupied by long-term tenants, and the mixed-use property includes two commercial tenants and one residential component, creating an income mix across the portfolio.
The properties are positioned along a busy, high-visibility corridor in Forks Township, Easton, and are described as being located in Town Center zoning, noted as flexible and allowing for many different uses and opportunities. The site includes ample parking, uniquely configured to accommodate larger vehicles, including RV parking.
Addresses for the three properties are 302 & 308 Old Mill Rd and 1310 Knox Ave. Property taxes on the MLS are shown as total taxes for 302 Old Mill Rd only.
The properties are positioned along a busy, high-visibility corridor in Forks Township, Easton, and are described as being located in Town Center zoning, noted as flexible and allowing for many different uses and opportunities. The site includes ample parking, uniquely configured to accommodate larger vehicles, including RV parking.
Addresses for the three properties are 302 & 308 Old Mill Rd and 1310 Knox Ave. Property taxes on the MLS are shown as total taxes for 302 Old Mill Rd only.
Key Highlights
- Three separate parcels in Forks Township, Easton: 302 & 308 Old Mill Rd and 1310 Knox Ave.
- Two commercial buildings occupied by long‑term tenants.
- Mixed‑use building with 2 commercial tenants and 1 residential unit.
Local Financial Insights For Retail
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 | $90.7k | $12.00 |
| − Vacancy | −$7.1k | −$0.94 |
| EGI | $83.6k | $11.06 |
| − OpEx | −$25.1k | −$3.32 |
| NOI | $58.5k | $7.74 |
7,557 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$836.1K
$731.6K – $975.5K
NOI $58,527 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$656.9K
$574.8K – $766.4K
NOI $45,986 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,333 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Forks Cleaners
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Three separate parcels offer two fully commercial buildings and one mixed-use building with ample, RV-capable parking.
Where is this storefront property located?
The property is located at 302 Old Mill Rd Easton, PA.
What is the asking price?
The asking price for this property is $1,949,995.
What are key features of this property?
This property features: Three separate parcels in Forks Township, Easton: 302 & 308 Old Mill Rd and 1310 Knox Ave.; Two commercial buildings occupied by long‑term tenants.; Mixed‑use building with 2 commercial tenants and 1 residential unit.
