Building Details

Building Size 9,533 SF

Year Built 1889

Construction stone

Tenancy Multi

Listing Agency: Howard Hanna TheFrederickGroup

Listed By: Marina Gabunia · License #PA347078 Show Phone

Source: Bhhspaulfordrealtors

Added: Aug 13 Changed: Sep 21 Last Checked: Oct 5 at 10:25PM

Report an Issue

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 Howard Hanna TheFrederickGroup

Investment Insights

Based on property information with market context.

Built in 1889, this historic stone mixed-use property combines a renovated first-floor restaurant with five residential apartments above. The restaurant includes a separate dining area, pool table, game space, and an outdoor patio suited to dining and entertainment. An on-site parking lot serves the property, and the restaurant is operating under a 5-year lease.

All five apartments are renovated and occupied, while the property is 100% rented overall. The asset reports a 7% cap rate and offers multiple income streams across its commercial and residential components. The property is located in Northampton County with access to Route 78, Bethlehem, and surrounding Lehigh Valley markets.

Key Highlights

• Historic stone mixed‑use property built in 1889
• Renovated restaurant with separate dining area, pool table, and game space
• Five renovated residential apartments, all fully occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$98,881

Cap Rate

8.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,977,620 $2.0M

Cap Rate 7%

$1,412,586 $1.4M

Cap Rate 9%

$1,098,678 $1.1M

Market Conditions

NOI Build-Up for 9,533 SF

Gross rent

$143.0K $15.00/SF

− Vacancy

−$11.2K −$1.17/SF

EGI

$131.8K $13.83/SF

− OpEx

−$33.0K −$3.46/SF

NOI

$98.9K $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%

$1,977,620

Cap Rate 7%

$1,412,586

Cap Rate 9%

$1,098,678

Alternative Uses

Best Use

Specialty Retail

$1.41M

$1.24M – $1.65M (±1% cap)

NOI $98,881 @ 7.0% cap · market cap 8.24%

Second Best

Mixed Use

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,522 @ 7.0% cap · market cap 8.04%

Theoretical Best

Office A

$1.81M

$1.58M – $2.11M (±1% cap)

NOI $126,568 @ 7.0% cap · market cap 10.55%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Wings on Main Restaurant

Suggested Use

Top Pick Law Firm Daycare Center HVAC Service Garden Center Furniture & Home Goods Grocery & Convenience 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.

Lease Details

5

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

421

Businesses Nearby

Explore this area Business Placement

Demographics for 18055, PA

12,077

Population

4,946

Households

2.4

Avg Household Size

46

Median Age

39%

College-Educated

95%

High-School Grad

20.0 sq mi

ZIP Area

604

Density / Sq Mi

$90,087

Median Household Income

$52,690

Median Earnings

$1,273

Median Rent

$293,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Renovated restaurant space and occupied apartments provide distinct income components.

Where is this mixed-use property located?

The property is located at 605 Main Street Hellertown, PA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Historic stone mixed‑use property built in 1889; Renovated restaurant with separate dining area, pool table, and game space; Five renovated residential apartments, all fully occupied