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Property profile & analytics
FOR SALE
Manufacturing properties

230 Ferry St Easton, PA 18042

32,434 SF 0.32 ac lot Built 1903
Individually Owned 3-yr Hold Free & Clear
Property ID
US73-1465480
Property summary
AI-generated overview

This unique multi-tenant property at 230 Ferry Street in Easton, Pennsylvania, offers a compelling investment opportunity. The 32,434 square foot building, constructed in 1857, sits on a 0.319-acre lot and is currently listed at $3,470,000 ($106.99/sq ft). The property features a blend of executive office and warehouse space, ideal for a variety of uses. Currently housing a diverse mix of tenants including galleries, workshops, studios, and even residential apartments (two 3-bedroom units and one efficiency), this building presents significant upside. The building boasts five dock-high doors, a 10-12 foot ceiling height, a full sprinkler system, a freight elevator, and six off-street parking spaces. A key feature is the expansive penthouse apartment, offering stunning views of the Delaware River and surrounding mountains. This apartment, previously owner-occupied, could serve as exceptional owner-occupant housing or be converted into additional commercial space. The building's location in downtown Easton provides easy access to local amenities, restaurants, and the Karl Stirner Trail. The property is offered under a NNN lease type with a remaining term of one year across sixteen units. The APN is L9SE2B 13 1 0310. This is a rare opportunity to acquire an iconic Easton landmark with substantial potential for future development and growth.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1903
Total area 32,434 SF
Lot 0.32 ac (13,896 SF)
Zoning code BRT
APN L9SE2B 13 1 0310
UPID US73-1465480
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ergotem USA LLC Factory Production Facility
  • College Guidance Partnership College
  • Jiva Fitness Gym & Fitness Center
  • Stirner Modern Gallery Art Gallery
  • Susan Kolar Couture (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.60M
Blend (final) Blend
$1.77M
Owner & transaction history
Mark A Nutting · 3 yrs held
Mark A Nutting
since 2022
2 recorded transactions
2022
Price N/A
2017
Price N/A
Zoning & alternative use
BRT · Easton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $2.6M +8.3%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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