Commercial Building with Off-Street
431 Delaware Ave Palmerton, PA 18071
431 Delaware Ave, Palmerton, PA, 18071
$440,000
For Sale
$440,000
Concrete block office building on slab with central A/C, gas boiler heat, and 30 off-street parking spaces.
Property Size5,958 SF
Lot Size0.41 Acres
Price / SF$73.85
Days on Market301
Property Features for 431 Delaware Ave
General Information
- Standard status
- Active
- Size
- 5,958 SF
- Lot size
- 0.41 Acres
Listing agency
Keller Williams Real Estate
(610) 349-6851
Listed by
Jim Christman
(610) 349-6851
Source
Exprealty
Added: Sep 24, 2025 Updated: Jul 21 at 12:37AM Checked: Jul 21 at 12:37AM
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 Keller Williams Real Estate
Investment Insights
Based on property information with market context.
This commercial building features a concrete block structure on slab with 3-phase electric, gas boiler heat, and central A/C. Interior configuration offers a reception area, front conference room, large center room for open desk use, and a workshop/copy room, along with a large conference room and six private offices. Additional improvements include breakroom/kitchen space, utility and storage rooms, and two men’s and two women’s bathrooms. The space is described as structurally clear span with 13-foot ceilings, creating flexibility for a variety of layouts.
The property is zoned Commercial Downtown and includes approximately 112 feet of frontage with about 160 feet of depth. The site provides 30 off-street parking spaces for employees and visitors.
With permitted uses noted in the attached documents, the building is positioned as a versatile option for professional office, medical, retail, or creative repurposing within the existing downtown commercial zoning.
The property is zoned Commercial Downtown and includes approximately 112 feet of frontage with about 160 feet of depth. The site provides 30 off-street parking spaces for employees and visitors.
With permitted uses noted in the attached documents, the building is positioned as a versatile option for professional office, medical, retail, or creative repurposing within the existing downtown commercial zoning.
Key Highlights
- 112 ft frontage with 160 ft depth in Palmerton Borough, zoned Commercial Downtown
- 30 off‑street parking spaces for employees, clients, and customers
- Concrete block structure on slab with gas boiler heat, central A/C, and 3‑phase electric
Local Financial Insights For Office B
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 | $46.5k | $7.80 |
| − Vacancy | −$3.3k | −$0.56 |
| EGI | $43.1k | $7.24 |
| − OpEx | −$10.8k | −$1.81 |
| NOI | $32.3k | $5.43 |
5,958 SF · lease $7.80/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$744.9K
$651.8K – $869.0K
NOI $52,142 @ 7.0% cap · market cap 11.85%
Second Best
Office B
$462.1K
$404.3K – $539.1K
NOI $32,345 @ 7.0% cap · market cap 7.35%
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.37M
NOI $81,934 @ 7.0% cap · market cap 18.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Penn Northeast Conference
Church
Christman & Co CPA
Tax Preparation
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Concrete block office building on slab with central A/C, gas boiler heat, and 30 off-street parking spaces.
Where is this office building located?
The property is located at 431 Delaware Ave Palmerton, PA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 112 ft frontage with 160 ft depth in Palmerton Borough, zoned Commercial Downtown; 30 off‑street parking spaces for employees, clients, and customers; Concrete block structure on slab with gas boiler heat, central A/C, and 3‑phase electric
