Unique Mixed-Use Development
For Sale
$599,900
431 W Union Boulevard, Bethlehem, PA 18018
Mixed-use property with development potential in North Bethlehem.
Property Size4,082 SF
Price / SF$146.96
Days on Market273
Property Features for 431 W Union Boulevard
General Information
Standard status
Active
Size
4,082 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
Century 21 Ramos Realty
Listed By:
Anthony Ramos · License #AB068035
(484) 695-4887
Source:
Jennysoldmine
Added: Jan 26
Changed: Oct 25
Last Checked: Oct 7 at 2:51PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$42,019
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,380
$840.4K
Cap Rate 7%
$600,271
$600.3K
Cap Rate 9%
$466,878
$466.9K
Market Conditions
NOI Build-Up for 4,082 SF
Gross rent
$73.5K $18.00/SF
− Vacancy
−$6.2K −$1.53/SF
EGI
$67.2K $16.47/SF
− OpEx
−$25.2K −$6.18/SF
NOI
$42.0K $10.29/SF
Area
Lehigh County, PA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,380
Cap Rate 7%
$600,271
Cap Rate 9%
$466,878
Alternative Uses
Best Use
Mixed Use
$600.3K
$525.2K – $700.3K
NOI $42,019 @ 7.0% cap · market cap 7.00%
Second Best
Retail
$397.4K
$347.8K – $463.7K
NOI $27,821 @ 7.0% cap · market cap 4.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
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Business Placement
Demographics for 18018, PA
32,388
Population
14,669
Households
2.2
Avg Household Size
39
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,228
Density / Sq Mi
$71,968
Median Household Income
$43,471
Median Earnings
$1,261
Median Rent
$224,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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 Boulevard 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.
