530 Milford StEaston, PA 18045

Property Details for 530 Milford St

Lot size

2.92 AC

Zone code

HI

Property type

Retail properties

Property subtype

Parking lots & garages

APN

M8 8 1B-3 0324

APU

M881B30324

Description

This exceptional investment opportunity presents a prime 2.92-acre parcel in Easton, Pennsylvania, zoned for heavy industrial-mixed use. Currently configured as parking lots, the property offers significant development potential. The site is approved for the construction of an 84-unit apartment building, representing a substantial multifamily development project. Located at 530 Milford St, in Northampton County, PA, 18045, this property boasts a highly convenient location. The asking price for this lucrative investment is $2,520,000. The existing zoning allows for a wide range of uses, making it an attractive proposition for both experienced developers and investors seeking high-yield returns. With its substantial size and strategic location, this property presents a rare chance to capitalize on the growing demand for multifamily housing in the Easton area. The 84-unit potential provides a significant scale for future rental income. The property's large land area also offers flexibility for future expansion or additional development projects. This is a turnkey opportunity to acquire a substantial multifamily development site in a desirable location with a clear path to profitability. The property's location offers easy access to major transportation routes and amenities, further enhancing its appeal to potential residents. This is a unique chance to acquire a large-scale development project with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $46,447,896

  6.5%

  $42,874,984

  7%

  $39,812,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,162,140

  Geo Method

  $41,880,632

• Alternative Use

  Use

  Valuation

  Residential

  $36,166,652

  Hospitality

  $33,128,458

  Educational

  $27,562,488

  Medical

  $28,510,406

  Retail

  $42,874,984

Location Insight

City

Easton

County

Northampton

State

Pennsylvania

Latitude

40.6772

Longitude

-75.2576

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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