Mixed-Use Property with
For Sale
$850,000
429 Riverview Drive, Walnutport, PA 18088
CommercialSale, Lehigh Twp, PA
Property Size3,003 SF
Lot Size14.85 Acres
Price / SF$283.05
Days on Market77
Property Features for 429 Riverview Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Parking
4
Parking features
Driveway, Garage, Off Street
Elementary school district
Northampton
Middle school district
Northampton
High school district
Northampton
Directions
Property is on 145. Ahwa Vista Greenhouse and Farm Sign out front. Two Driveways (horseshoe) on either side of 2 unit, safer to leave from driveway between Greenhouse and Residence. DO NOT park behind residence, that is the septic drainfield
Subdivision
Lehigh Twp
Standard status
Active
APN
K2-2-8-0516
Size
3,003 SF
Lot size
14.85 Acres
Taxes and HOA fees
Tax Annual Amount
4918
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Ductless
Water source
Public
Amenities
greenhouse
walking trails
Lehigh River access
historic remnants
Building Details
Year built
1900
Number of units
2
Listing Agency:
Keller Williams Real Estate · Keller Williams Realty
(610) 826-8100
Listed By:
Jim Christman
(610) 349-6851
Added: Aug 7
Changed: Oct 22
Last Checked: Oct 22 at 10:06PM
MLS# 781349
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use holding spans 14.85 acres across two parcels and includes a 3,003-square-foot residential building with two leased units. One residence has three bedrooms and one-and-a-half bathrooms; the other has three bedrooms and one full bathroom. A 150' x 32' greenhouse is also on site, alongside driveway, garage, and off-street parking. The property is served by public water and a septic system, with electric heat and ductless cooling in the residential building.
The land fronts Route 145 for nearly 1,300 feet, and a railroad crossing connects the front and rear parcels. Fields and wooded areas extend toward the Lehigh River. Features tied to the former Lockport settlement remain on the grounds, including remnants of the Lockport Hotel and parts of the historic canal lock system.
The combination of leased housing, greenhouse space, river access, and historic structures is part of the property’s existing physical character. The two parcels have different zoning classifications, though those classifications are not consistent in the available property details.
The land fronts Route 145 for nearly 1,300 feet, and a railroad crossing connects the front and rear parcels. Fields and wooded areas extend toward the Lehigh River. Features tied to the former Lockport settlement remain on the grounds, including remnants of the Lockport Hotel and parts of the historic canal lock system.
The combination of leased housing, greenhouse space, river access, and historic structures is part of the property’s existing physical character. The two parcels have different zoning classifications, though those classifications are not consistent in the available property details.
Key Highlights
- 14.85 acres divided between two parcels
- Residential building contains 3,003 square feet and two leased units
- Greenhouse measures 150' x 32'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,405
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,100
$608.1K
Cap Rate 7%
$434,357
$434.4K
Cap Rate 9%
$337,833
$337.8K
Market Conditions
NOI Build-Up for 3,003 SF
Gross rent
$54.1K $18.00/SF
− Vacancy
−$5.4K −$1.80/SF
EGI
$48.6K $16.20/SF
− OpEx
−$18.2K −$6.07/SF
NOI
$30.4K $10.13/SF
Area
Northampton County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,100
Cap Rate 7%
$434,357
Cap Rate 9%
$337,833
Alternative Uses
Best Use
Mixed Use
$434.4K
$380.1K – $506.8K
NOI $30,405 @ 7.0% cap · market cap 3.58%
Second Best
Multifamily LT 5
$283.6K
$248.2K – $330.9K
NOI $19,853 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$569.6K
$498.4K – $664.5K
NOI $39,870 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
23
Businesses Nearby
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Business Placement
Demographics for 18088, PA
8,603
Population
3,612
Households
2.4
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
19.1 sq mi
ZIP Area
450
Density / Sq Mi
$76,025
Median Household Income
$46,269
Median Earnings
$1,236
Median Rent
$241,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two leased residences and a large greenhouse occupy an expansive property with access to the Lehigh River.
Where is this mixed-use property located?
The property is located at 429 Riverview Drive Walnutport, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 14.85 acres divided between two parcels; Residential building contains 3,003 square feet and two leased units; Greenhouse measures 150' x 32'
