Mixed-Use Property with
605 Main Street, Hellertown, PA 18055
For Sale
$1,200,000
Five renovated apartments and a leased restaurant occupy this stone building in downtown Hellertown.
Property Size9,500 SF
Price / SF$126.32
Days on Market29
Property Features for 605 Main Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Site & Location
Highway Access
Road Access
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Patio
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
on-site parking lot
Additional Stairway
Awning(s)
Building Details
Building Size
Year Built
Stories
Units
Construction
Tenancy
Listing Agency:
Howard Hanna The Frederick Group
Listed By:
Marine Gabunia
(610) 398-0411
Source:
Harveysklaroff
Added: Oct 13
Changed: Nov 10
Last Checked: Nov 10 at 2:14PM
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 The Frederick Group
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Investment Insights
Based on property information with market context.
Dating to 1889, this stone mixed-use property contains five renovated apartments and a first-floor restaurant with a separate entertainment area and outdoor dining patio. The restaurant space is subject to a 5-year lease; the restaurant business is not included in the sale. The property is reported as 100% occupied, with all five apartments leased.
Located on Main Street in downtown Hellertown, the property is near I-78, Bethlehem, Allentown, and other Lehigh Valley destinations. Its zoning is TC, Town Center.
Located on Main Street in downtown Hellertown, the property is near I-78, Bethlehem, Allentown, and other Lehigh Valley destinations. Its zoning is TC, Town Center.
Key Highlights
- Six income‑producing units: five renovated apartments and one restaurant space
- Reported 100% occupied, with all five apartments leased
- Restaurant space secured by a 5‑year lease; restaurant business excluded from sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,539
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,970,780
$2.0M
Cap Rate 7%
$1,407,700
$1.4M
Cap Rate 9%
$1,094,878
$1.1M
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$142.5K $15.00/SF
− Vacancy
−$11.1K −$1.17/SF
EGI
$131.4K $13.83/SF
− OpEx
−$32.8K −$3.46/SF
NOI
$98.5K $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%
$1,970,780
Cap Rate 7%
$1,407,700
Cap Rate 9%
$1,094,878
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,539 @ 7.0% cap · market cap 8.21%
Second Best
Mixed Use
$1.37M
$1.20M – $1.60M
NOI $96,188 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,130 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road 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
$293,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Northampton County, PA
Properties on Market for Mixed-use properties in Northampton County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five renovated apartments and a leased restaurant occupy this stone building in downtown Hellertown.
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: Six income‑producing units: five renovated apartments and one restaurant space; Reported 100% occupied, with all five apartments leased; Restaurant space secured by a 5‑year lease; restaurant business excluded from sale
