Building Details

Year Built 1900

Listing Agency: Saffron Real Estate

Listed By: Preety Minhas · License #RB070261 Show Phone

Source: Jennysoldmine

Added: Mar 27 Changed: Oct 9 Last Checked: Oct 7 at 2:53PM

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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 Saffron Real Estate

Investment Insights

Based on property information with market context.

This is a renovated mixed-use property situated on a corner lot. It includes a renovated convenience store/grocery/smoke shop equipped with gaming machines and a half bath for customers. Attached to the store is a spacious 2-bedroom, 2-bath apartment, along with an additional apartment that is currently rented for $2,300 per month. The property features a total of 5 bedrooms and 5 bathrooms. Additional features include a garage and an unfinished basement suitable for storage or future expansion. Upgrades include split heating/cooling units throughout, a paved driveway, and full interior renovations. A parking lot accommodates 10 cars. The property offers potential for business expansion by adding food items and new product lines to increase revenue. The property size is 3,900 square feet.

Key Highlights

• Fully renovated mixed‑use property with a convenience store/grocery/smoke shop and residential units.
• Prime corner location with high visibility.
• Two residential units: a 2‑bedroom, 2‑bath unit attached to the store, plus an additional rented apartment generating $2,300/month income.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,453

Cap Rate

5.82%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$809,060 $809.1K

Cap Rate 7%

$577,900 $577.9K

Cap Rate 9%

$449,478 $449.5K

Market Conditions

NOI Build-Up for 3,900 SF

Gross rent

$58.5K $15.00/SF

− Vacancy

−$4.6K −$1.17/SF

EGI

$53.9K $13.83/SF

− OpEx

−$13.5K −$3.46/SF

NOI

$40.5K $10.37/SF

Area

Northampton County, PA

Vacancy

7.80%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$809,060

Cap Rate 7%

$577,900

Cap Rate 9%

$449,478

Alternative Uses

Best Use

Specialty Retail

$577.9K

$505.7K – $674.2K (±1% cap)

NOI $40,453 @ 7.0% cap · market cap 5.82%

Second Best

Mixed Use

$564.1K

$493.6K – $658.1K (±1% cap)

NOI $39,488 @ 7.0% cap · market cap 5.68%

Theoretical Best

Office A

$739.7K

$647.3K – $863.0K (±1% cap)

NOI $51,780 @ 7.0% cap · market cap 7.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

ATM Atm Kate's Corner Deli Food Market

Suggested Use

Top Pick Building Supply Electrical Service Pharmacy Grocery & Convenience Store Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

64

Businesses Nearby

Explore this area Business Placement

Demographics for 18064, PA

27,696

Population

10,659

Households

2.6

Avg Household Size

46

Median Age

38%

College-Educated

94%

High-School Grad

38.5 sq mi

ZIP Area

719

Density / Sq Mi

$102,857

Median Household Income

$58,471

Median Earnings

$1,235

Median Rent

$354,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Fully renovated mixed-use property with store and apartments for sale.

Where is this mixed-use property located?

The property is located at 500 Belfast Rd Nazareth, PA.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Fully renovated mixed‑use property with a convenience store/grocery/smoke shop and residential units.; Prime corner location with high visibility.; Two residential units: a 2‑bedroom, 2‑bath unit attached to the store, plus an additional rented apartment generating $2,300/month income.