Mixed-Use Retail and
331 Broadway Bethlehem, PA 18015
331 Broadway, Bethlehem, PA, 18015
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For Sale
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Two occupied units combine a street-level barbershop with residential living above in Bethlehem, PA.
Property Size1,457 SF
Price / SF$205.90
Days on Market159
Property Features for 331 Broadway
General Information
- Standard status
- Active
- Size
- 1,457 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing agency
eXp Commercial
(888) 397-7352
Listed by
James Reardon · License #PA RS337438
Source
Crexi
Added: Feb 12 Updated: Jul 21 at 2:03AM Checked: Jul 21 at 9:24AM
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 eXp Commercial
Investment Insights
Based on property information with market context.
This is a 2-unit mixed-use property with two occupied, income-producing spaces. The ground-floor street-level commercial unit is occupied by a barbershop, and the second and third floors include a 2-bedroom, 1-bath residential apartment.
Lease expirations in 2026 provide defined near-term rollover. The commercial tenant pays all of its utilities, while landlord responsibilities are limited to taxes, insurance, water/sewer/trash, and heat for the residential unit only. Current income is supported by documented leasing activity within the building and the surrounding South Bethlehem submarket.
For investors seeking an in-place, mixed-use profile with two occupied units and a scheduled rollover window, this property offers predictable day-to-day operations centered on retail income and residential rent from the same address on Broadway in Bethlehem, PA.
Lease expirations in 2026 provide defined near-term rollover. The commercial tenant pays all of its utilities, while landlord responsibilities are limited to taxes, insurance, water/sewer/trash, and heat for the residential unit only. Current income is supported by documented leasing activity within the building and the surrounding South Bethlehem submarket.
For investors seeking an in-place, mixed-use profile with two occupied units and a scheduled rollover window, this property offers predictable day-to-day operations centered on retail income and residential rent from the same address on Broadway in Bethlehem, PA.
Key Highlights
- 2‑unit mixed‑use property in Bethlehem, PA with a street‑level barbershop and residential apartment above
- Two occupied, income‑producing units with $30,011 gross income and $22,725 net income
- Street‑level commercial space is occupied by a barbershop; commercial tenant pays all utilities
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 | $15.4k | $10.56 |
| − Vacancy | −$1.2k | −$0.82 |
| EGI | $14.2k | $9.74 |
| − OpEx | −$4.3k | −$2.92 |
| NOI | $9.9k | $6.82 |
1,457 SF · lease $10.56/SF/yr · vacancy 7.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$141.9K
$124.1K – $165.5K
NOI $9,930 @ 7.0% cap · market cap 3.31%
Second Best
Multifamily LT 5
$139.2K
$121.8K – $162.4K
NOI $9,745 @ 7.0% cap · market cap 3.25%
Theoretical Best
Mixed Use
$214.3K
$187.5K – $250.0K
NOI $14,998 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shepherd Boy Barbershop
Barber Shop
Source Code Fashions
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two occupied units combine a street-level barbershop with residential living above in Bethlehem, PA.
Where is this duplex located?
The property is located at 331 Broadway Bethlehem, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2‑unit mixed‑use property in Bethlehem, PA with a street‑level barbershop and residential apartment above; Two occupied, income‑producing units with $30,011 gross income and $22,725 net income; Street‑level commercial space is occupied by a barbershop; commercial tenant pays all utilities
