Mixed-Use Property With Restaurant
New
For Sale
$1,500,000
700 Cattell Street, Easton, PA 18042
Commercial storefront includes expansive glass, interior seating, and supplemental basement service space.
Property Size5,764 SF
Days on Market4
Property Features for 700 Cattell Street
General Information
Standard status
Active
Size
5,764 SF
Property subtype
Mixed Use
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,301
Building Details
Building Size
5,764 SF
Year Built
1900
Listing Agency:
BHHS Fox & Roach Easton
Listed By:
Michael J. Seitz · License #RS311201
Source:
Bhhspaulfordrealtors
Added: Sep 4
Changed: Sep 6
Last Checked: Sep 7 at 6:24AM
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 BHHS Fox & Roach Easton
Investment Insights
Based on property information with market context.
This mixed-use property at 700 Cattell Street combines a commercial storefront with two residential rental units. The storefront features expansive glass windows and interior seating, while the basement adds a walk-in cooler, driveway access, and a full prep kitchen. The lower-level space can support food preparation, catering activity, or additional commercial operations tied to the storefront.
The residential component includes a two-story, 3-bedroom, 1.5-bath home and a 1-bedroom, 1-bath apartment. The property is positioned at a signalized intersection on a heavily traveled main road in Easton's College Hill neighborhood, within walking distance of Lafayette College. Built in 1900, the property brings commercial and residential uses together in one location.
The residential component includes a two-story, 3-bedroom, 1.5-bath home and a 1-bedroom, 1-bath apartment. The property is positioned at a signalized intersection on a heavily traveled main road in Easton's College Hill neighborhood, within walking distance of Lafayette College. Built in 1900, the property brings commercial and residential uses together in one location.
Key Highlights
- Mixed‑use property at 700 Cattell Street, Easton, PA 18042
- Commercial storefront with expansive glass windows and interior seating
- Basement includes a walk‑in cooler, driveway access, and full prep kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,787
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,740
$1.2M
Cap Rate 7%
$854,100
$854.1K
Cap Rate 9%
$664,300
$664.3K
Market Conditions
NOI Build-Up for 5,764 SF
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.
Gross rent
$86.5K $15.00/SF
− Vacancy
−$6.7K −$1.17/SF
EGI
$79.7K $13.83/SF
− OpEx
−$19.9K −$3.46/SF
NOI
$59.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,740
Cap Rate 7%
$854,100
Cap Rate 9%
$664,300
Alternative Uses
Best Use
Specialty Retail
$854.1K
$747.3K – $996.5K
NOI $59,787 @ 7.0% cap · market cap 3.99%
Second Best
Mixed Use
$833.7K
$729.5K – $972.7K
NOI $58,361 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.09M
$956.6K – $1.28M
NOI $76,527 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 18042, PA
44,026
Population
17,932
Households
2.5
Avg Household Size
36
Median Age
27%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
1,992
Density / Sq Mi
$75,806
Median Household Income
$40,015
Median Earnings
$1,245
Median Rent
$205,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial storefront includes expansive glass, interior seating, and supplemental basement service space.
Where is this mixed-use property located?
The property is located at 700 Cattell Street Easton, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Mixed‑use property at 700 Cattell Street, Easton, PA 18042; Commercial storefront with expansive glass windows and interior seating; Basement includes a walk‑in cooler, driveway access, and full prep kitchen
