Versatile Property on High-Traffic Corridor

981 Riverview Drive Walnutport, PA 89460

Claim this Listing
For Sale
$425,000

Two-unit property suitable for industrial, retail, or office use.

Type:Other Industrial
Property size:
4,176 SF
Lot size:
1.00 Acre
Price / SF:
$101/SF
Added:
May 18, 2026
Days on Market:
55
Last Refresh:
May 18 at 8:08 pm

Property Features for 981 Riverview Drive

General Information

Standard status
Active
Size
4,176 SF
Lot size
1.00 Acre
Property subtype
Other Industrial

Building Details

Year Built
1880

Listing office SVN | Imperial Realty

Listing date May 18, 2026

Source Thebrokerlist

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 SVN | Imperial Realty


Investment Insights

Based on property information with market context.

Located on Riverview Drive in Lehigh Township, this property offers a blend of historic character and modern functionality. It is suitable for a contractor, beauty salon, or retail sales operation. The property includes two units. The first unit is a 1,456-square-foot, two-story house with a basement, constructed in the 1800s. It is connected to public water and has an on-lot septic system, with borough sewer line access available next door. The second unit is a 2,720-square-foot barn, originally built in the early 1900s and renovated in 1991. The barn features an open floor plan with a loft, restroom, small office space, and a separate electric meter with 400 amp service. The property is zoned Industrial with a variance for retail sales and service operations. Situated along PA Route 145 in Walnutport, Lehigh Township, the location benefits from high daily visibility and consistent regional activity. The corridor includes national retailers and quick-service restaurants such as McDonald’s, Burger King, Taco Bell, Giant Foods, AutoZone, Dollar General, and Dollar Tree. PA Route 145 serves as a primary thoroughfare between Carbon County and the Lehigh Valley, delivering steady commuter and commercial traffic. The site is positioned approximately midway between the Northeast Extension of the Pennsylvania Turnpike (I-476) and the PA Route 22 MacArthur Road Exit, each about a 15-mile drive away. It is across the street from the former K-mart and 2 minutes to the commercial district.

Key Highlights

  • Prime location on highly trafficked PA Route 145, ensuring strong daily visibility.
  • Zoned Industrial with a variance for retail sales and service.
  • Two units: renovated 2,720 SF barn suitable for retail/commercial use and a 1,456 SF house.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $50.1k $12.00
− Vacancy −$3.9k −$0.94
EGI $46.2k $11.06
− OpEx −$13.9k −$3.32
NOI $32.3k $7.74
4,176 SF · lease $12.00/SF/yr · vacancy 7.80% · expense 30.00%

Alternative Uses

Best Use
Retail
$462.0K
$404.3K – $539.0K (±1% cap)
NOI $32,342 @ 7.0% cap · market cap 7.61%
Second Best
Industrial
$443.6K
$388.1K – $517.5K (±1% cap)
NOI $31,049 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$792.1K
$693.1K – $924.1K (±1% cap)
NOI $55,444 @ 7.0% cap · market cap 13.05%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Law Firm Hair Salon Electrical Service Spa & Massage Center Skin Care Clinic HVAC Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Gym & Fitness Center

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

FAQs

What type of property is this?
Flex space - Two-unit property suitable for industrial, retail, or office use.
Where is this flex space located?
The property is located at 981 Riverview Drive Walnutport, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime location on highly trafficked PA Route 145, ensuring strong daily visibility.; Zoned Industrial with a variance for retail sales and service.; Two units: **renovated 2,720 SF barn** suitable for retail/commercial use and a 1,456 SF house.
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