2400 Freemansburg Ave Easton, PA 18042-5318
Property summary
This exceptional mixed-use property in Easton, Pennsylvania, presents a compelling investment opportunity. Located at 2400 Freemansburg Avenue, this 4,491 square foot building sits on a 2,772 square foot lot and is zoned R-2-Medium Density Residential. Built in 1938, the property features three income-producing units. The ground floor currently houses a thriving convenience store with a showroom and half bath. The first floor includes a two-bedroom apartment with an open-concept living/kitchen area, another room, a full bath, and in-unit laundry. The second floor offers another spacious two-bedroom apartment with an open living/dining area, a kitchen, and a full bath. A large, unfinished basement, originally designed for a one-car garage, provides ample storage or potential for future development. The property boasts a strong rental history with full occupancy and an impressive cap rate exceeding 8%. This turnkey investment offers immediate returns and long-term stability, making it an ideal addition to any portfolio. The asking price is $495,000, translating to $110.22 per square foot. The property's address is 2400 Freemansburg Ave, Easton, PA 18042, and its APN is M9NW1B 12 22 0837.
Property profile
VerifiedCap rate & NOI
Current use
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Food Market Grocery & Convenience Store
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Electronics & Wireless Store
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R2 · Easton, PAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for R2 in Easton, PA.
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