101 3Rd St Easton, PA 18042

Property Details for 101 3Rd St

Year built

1987

Lot size

0.54 lot acres

Property size

10,974 SF

Property type

Commercial real estate

Description

This exceptional 10,974 square foot commercial property, situated on a 0.54-acre lot at 101 S 3rd Street in Easton, PA, presents a unique investment opportunity. Currently housing a well-maintained office building with multiple tenants, including a recently secured 10-year triple-net lease with a credit-worthy bank, this property offers immediate cash flow. However, its true potential lies in its approved redevelopment plan. A fully engineered site plan, already approved by the historical review board, allows for the construction of up to 72 apartment units. This prime location in the heart of downtown Easton places the property between City Hall, a city parking deck, and a significant mixed-use development, ensuring high visibility and convenient access. The existing building provides a stable income stream while the approved redevelopment plan offers substantial long-term growth potential. This is a rare chance to acquire a property with both immediate return and significant future upside in a thriving downtown area. Detailed financial information and expenses are available upon request. This is an exceptional opportunity for investors seeking a blend of immediate income and future development potential in a highly desirable location.

Location Insight

City

Easton

County

Northampton

State

Pennsylvania

Longitude

-75.2094

Latitude

40.68951

Property Visit Statistics

• Visits by month
  537
• Visitors by month
  400
• Avg Time on site
  34 min