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    Restaurant Space in Downtown Easton Title is generated by Realmo AI

    701 NORTHAMPTON STREET #BACK UNIT, Easton, PA 18042

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    CommercialLease - EASTON, PA

    Property size:
    4,190 SF
    Price / SF:
    $0.89/SF
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 1:06 am

    Property Features for 701 NORTHAMPTON STREET #BACK UNIT

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    4,190 SF

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Multi Units

    Building Details

    Year built
    1900
    Architectural style
    Other

    We can help!

    Listing Contact
    Rosa Javier

    Listing agent Rosa Javier

    Listing office BHHS Fox & Roach Easton 3465 Nazareth Road, PA

    Listing date May 15, 2026

    MLS# PANH2009952 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in Downtown Easton near Lafayette College and Route 22, boasting high foot traffic.
    • Restaurant 'open box' concept allows operators to focus on their vision.
    • Planned improvements include ADA compliance, updated HVAC, electrical, plumbing, grease trap, and gas infrastructure.
    • Preparation for commercial hood/fire suppression system.
    • Major exterior and building improvements planned.
    • Located in a fast‑growing, walkable area with a strong dining scene.

    Overview

    Restaurant space is available at 701 Northampton St, Easton, situated on the edge of Downtown Easton, near Lafayette College and Route 22. The location benefits from strong foot traffic, new residential development, and a growing local dining scene. This opportunity allows a restaurant concept to enter one of the Lehigh Valley's fastest-growing and most walkable areas. Planned improvements aim to create a restaurant 'open box' concept, enabling operators to focus on their vision. Upcoming upgrades include ADA-compliant entrances for the restaurant and outdoor platform seating area, an ADA-compliant bathroom, updated HVAC, electrical, plumbing, grease trap and gas infrastructure, commercial hood/fire suppression preparation, and major exterior and building improvements. The space is suitable for a restaurant operator seeking visibility, accessibility, and growth potential in the heart of Easton. The property has a size of 4190 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isaac & Sons Roof ... Roofing Company LehighTaxi Courier Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lehigh Valley BBQ — 270 E Kleinhans St, Easton, PA 18042
    • Spot On Cafe & Catering - BBQ — 669 northampton st, easton, pa 18042

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.21834
    Latitude
    40.69113

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space in a growing, walkable area near Lafayette College.
    Where is this restaurant located?
    The property is located at 701 NORTHAMPTON STREET #BACK UNIT Easton, PA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime location in Downtown Easton near Lafayette College and Route 22, boasting high foot traffic.; Restaurant 'open box' concept allows operators to focus on their vision.; Planned improvements include ADA compliance, updated HVAC, electrical, plumbing, grease trap, and gas infrastructure.
    (484) 274-8696
    We can help!
    Listing Contact
    Rosa Javier
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    701 NORTHAMPTON STREET #BACK UNIT, EASTON, PA 18042
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