Unique Mixed-Use Development
431 W Union Blvd Bethlehem, PA 18018
For Sale
$599,900
Mixed-use property with development potential in North Bethlehem.
Property Size4,000 SF
Lot Size0.29 Acres
Price / SF$149.98
Days on Market206
Property Features for 431 W Union Blvd
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.29 Acres
Listing Agency:
Century 21 Ramos Realty
(484) 695-4887
Listed By:
Anthony Ramos · License #AB068035
(484) 695-4887
Source:
Exprealty
Added: Jan 2
Changed: Jul 6
Last Checked: Jul 27 at 1:42AM
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 Century 21 Ramos Realty
Investment Insights
Based on property information with market context.
This commercial property, exceeding 4,000 sq. ft., is located in North Bethlehem. Previously used as a club/fraternal association, the property presents diverse potential for various uses and development opportunities, owing to its building and lot size. The main level features a spacious open area suitable for commercial space. The second floor includes multiple rooms and bathrooms. Additional features include a rear parking lot, a detached storage building, and a garage equipped with water and electric. A large side lot is also included. The building is currently under construction with plans for commercial space on the first floor, three one-bedroom apartments on the second floor, and a loft-style apartment on the third floor.
Key Highlights
- Over 4,000 sq. ft. commercial property with diverse potential uses.
- Located in North Bethlehem.
- Spacious open area on the main level suitable for commercial space.
Financial Insights For Mixed Use
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 | $72.0k | $18.00 |
| − Vacancy | −$6.1k | −$1.53 |
| EGI | $65.9k | $16.47 |
| − OpEx | −$24.7k | −$6.18 |
| NOI | $41.2k | $10.29 |
4,000 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$588.2K
$514.7K – $686.3K
NOI $41,175 @ 7.0% cap · market cap 6.86%
Second Best
Retail
$389.5K
$340.8K – $454.4K
NOI $27,262 @ 7.0% cap · market cap 4.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with development potential in North Bethlehem.
Where is this mixed-use property located?
The property is located at 431 W Union Blvd Bethlehem, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Over 4,000 sq. ft. commercial property with diverse potential uses.; Located in North Bethlehem.; Spacious open area on the main level suitable for commercial space.
