Downtown Bangor Commercial Space
For Sale
Contact for pricing
42 Market St, Bangor, PA 18013
Ground floor commercial space with basement and backyard in Bangor.
Property Size2,500 SF
Price / SF$0.54
Days on Market272
Property Features for 42 Market St
General Information
Standard status
Active
Size
2,500 SF
Building Details
Year Built
1950
Listing Agency:
IronValley RE of Lehigh Valley
Listed By:
Wei Lim
(610) 766-7200
Source:
Jennysoldmine
Added: Jan 26
Changed: Oct 7
Last Checked: Oct 7 at 4:04PM
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 IronValley RE of Lehigh Valley
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Investment Insights
Based on property information with market context.
Ground floor commercial space is available in Downtown Bangor, Pennsylvania. The space includes a basement and backyard. It is suitable for various uses, including a retail shop, community space, church, storage, professional office, bar, restaurant, fitness center, yoga studio, art gallery, photo studio, or print shop. The space was previously used as a bar and comedy club.
Key Highlights
- Ground floor commercial space in Downtown Bangor, PA.
- Suitable for a wide range of uses including retail, office, restaurant, or fitness center.
- Includes a basement for additional storage or operational space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,362
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,240
$387.2K
Cap Rate 7%
$276,600
$276.6K
Cap Rate 9%
$215,133
$215.1K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$30.0K $12.00/SF
− Vacancy
−$2.3K −$0.94/SF
EGI
$27.7K $11.06/SF
− OpEx
−$8.3K −$3.32/SF
NOI
$19.4K $7.74/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,240
Cap Rate 7%
$276,600
Cap Rate 9%
$215,133
Alternative Uses
Best Use
Office B
$370.4K
$324.1K – $432.2K
NOI $25,931 @ 7.0% cap · market cap 1,920.81%
Second Best
Specialty Retail
$370.4K
$324.1K – $432.2K
NOI $25,931 @ 7.0% cap · market cap 1,920.81%
Theoretical Best
Office A
$474.2K
$414.9K – $553.2K
NOI $33,192 @ 7.0% cap · market cap 2,458.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
417
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Ground floor commercial space with basement and backyard in Bangor.
Where is this retail space located?
The property is located at 42 Market St Bangor, PA.
What are key features of this property?
This property features: Ground floor commercial space in Downtown Bangor, PA.; Suitable for a wide range of uses including retail, office, restaurant, or fitness center.; Includes a basement for additional storage or operational space.
