5364 Nor Bath BlvdNorthampton, PA 18067

Property Details for 5364 Nor Bath Blvd

Year built

1933

Lot size

0.45 AC

Property size (Sq ft)

7,397 SF

Zone code

ARR

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

L5NW3 3 7 0508

APU

L5NW3370508

Description

This exceptional investment opportunity presents a thriving Italian restaurant and bar located at 5364 Nor Bath Blvd, Northampton, PA 18067. The property boasts a coveted Northampton County liquor license, allowing immediate operation of the established business. The restaurant itself comfortably seats 90 patrons, excluding the outdoor patio area. The interior features attractive ceramic tile and hardwood flooring throughout the bar and dining areas. The kitchen is fully updated and maintained to high standards. A significant advantage is the ample private parking lot, ensuring convenient access for customers. Adding to the investment potential, two income-producing apartments are situated on the second floor, accessed from the rear of the building. This prime location benefits from high traffic volume and significant projected growth, fueled by numerous planned residential and commercial developments in the immediate vicinity. The property's strong financial performance is available for review upon request to qualified buyers. This turnkey operation offers a rare opportunity to acquire a well-established and profitable business with significant upside potential. The square footage is currently under review.

• CAP approach

  CAP return

  Valuation

  6%

  $2,278,536

  6.5%

  $2,103,264

  7%

  $1,953,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,508,132

  Geo Method

  $1,498,063

• Alternative Use

  Use

  Valuation

  Residential

  $2,103,264

  Hospitality

  $1,926,579

  Educational

  $1,602,891

  Medical

  $1,658,017

  Retail

  $2,493,386

Location Insight

City

Northampton

County

Northampton

State

Pennsylvania

Latitude

40.7001

Longitude

-75.4385

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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