Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Redevelopment Opportunity in Williams Township Title is generated by Realmo AI

    20 Mill St, Easton, PA 18042

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two-acre parcel near Easton, close to parks and major routes.

    Type:Land
    Lot size:
    2.00 Acres
    Added:
    Feb 23, 2022
    Days on Market:
    1562
    Last Refresh:
    May 19 at 10:30 pm

    Property Features for 20 Mill St

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Craig Fernsler, CCIM

    Listing agent Craig Fernsler, CCIM License #PA RS188696L

    Listing office KW Commercial

    Listing date Feb 23, 2022

    Source Crexi

    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 KW Commercial

    HighLights

    • Large 2+ acre parcel offers redevelopment opportunity.
    • Desirable Williams Township location, close to Easton's amenities.
    • Walking distance to Delaware Canal State Park for outdoor activities.
    • Easy access to New Jersey via I‑78 and Bethlehem/Allentown.
    • Conveniently located 75 minutes from Philadelphia and NYC.
    • Potential for flexible zoning with Township approval.

    Overview

    This property presents a redevelopment opportunity with a parcel of over two acres located in Williams Township, approximately ten minutes from Easton, with its dining, shops, and farmer's market. The location is within walking distance of the Delaware Canal State Park and towpath, offering access to exercise and outdoor activities. Situated on Route 611 at the corner of Mill Street, the property provides access to New Jersey via I-78, as well as Bethlehem and Allentown. Philadelphia and New York City are approximately 75 minutes away. The zoning is nonconforming, but the Township may be flexible regarding intended uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Spa & Massage Center Hair Salon Nail Salon Building Supply Bar & Pub HVAC Service Garden Center Catering Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Easton
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.194746
    Latitude
    40.6319

    Nearby Similar for Sale

    • $2,333,375
      13,905 SF

      Three-Level Medical Office Building

      Three-level building with ground-floor dental tenancy and vacant lower and second floors for flexible use.
      5250 Freemansburg Avenue, Bethlehem Twp, PA 18045
      View Details
    • $950,000
      6,341 SF

      Easton Laundromat with Apartment Income

      Three-unit laundromat with two apartments on heavily traveled street.
      1811 Butler Street, Easton, PA 18042
      View Details
    • $1,295,000
      4,154 SF

      Easton Multifamily Investment Opportunity

      Seven-unit multifamily property near Lafayette College in Easton, PA.
      133 Cattell Street, Easton, PA 18042
      View Details
    • $450,000
      5,792 SF

      Versatile Mixed-Use Property in Easton

      Spacious property in Easton's West Ward, ideal for homeowners/investors.
      768 Washington Street, Easton, PA 18042
      View Details
    • $395,000
      1,000 SF

      Easton Commercial Building on 1.9 Acres

      Commercial building on 1.9 acres near 25th St. and 78.
      1005 Berger Road, Easton, PA 18042
      View Details
    • $17
      74,039 SF

      Iconic Easton Building with High Ceilings

      Move-in ready 5,300 SF suite in downtown Easton.
      1 S 3rd Street, Easton, PA 18017
      View Details
    • $549,900
      4,477 SF

      Turnkey Dental Office with Income

      Commercial property with dental office and residential income units.
      1810 Washington Boulevard, Easton, PA 18042
      View Details
    • $7
      20,096 SF

      Freestanding Retail Corner Building

      Single-tenant retail and commercial building on a signalized corner parcel with central air and public utilities.
      1298 Spruce Street, Easton, PA 18042
      View Details
    • $2,850
      4,750 SF

      Medical/Professional Office Space Available

      4,750 SF suite ideal for medical or professional office use.
      3735 Easton Nazareth Highway, Lower Nazareth Twp, PA 18045
      View Details
    • $135,000

      Land in Easton's College Hill

      3.77 acres across multiple lots in Easton, Pennsylvania.
      W LAFAYETTE Street, EASTON, PA 18042
      View Details
    • $450,000
      3,342 SF

      Easton Three-Unit Property on Ferry

      Well-maintained three-unit property in Easton's West Ward.
      1113 Ferry Street, Easton, PA 18042
      View Details
    • $389,000
      1,960 SF

      Easton Two-Unit Property For Sale

      Well-maintained two-unit property in Easton with detached garage.
      1029 Ferry Street, Easton, PA 18042
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two-acre parcel near Easton, close to parks and major routes.
    Where is this commercial land located?
    The property is located at 20 Mill St Easton, PA.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Large 2+ acre parcel offers redevelopment opportunity.; Desirable Williams Township location, close to Easton's amenities.; Walking distance to Delaware Canal State Park for outdoor activities.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Craig Fernsler, CCIM
    Real Estate License ID: PA RS188696L
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20 Mill St, Easton, PA 18042
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!