2429 Nazareth Rd Palmer Twp, PA 18045
For Lease
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This thriving 131,477 square foot retail and medical office center, built in 1968, presents a unique investment opportunity. The property boasts seven single-story buildings, offering a total of 33 suites, with 12,480 square feet currently vacant. Multiple spaces are immediately available, ranging from 2,280 to 3,900 contiguous square feet, ideal for various retail uses, including a restaurant space (3,300 SF) and a dental office space (3,900 SF). A proposed pad site also offers additional development potential, with options for a 2,500 square foot restaurant or a 3,760 square foot retail space. The center enjoys a prime location at the intersection of Nazareth Road (Route 248) and US Route 22, a high-traffic corridor with convenient access to Routes 33 and I-78. Ample parking is provided with 2,000 spaces. The property is zoned GC and features a strong tenant mix including Grocery Outlet, Wing Stop, Supersets Gym, and many other national and local businesses. The asking price is $16-$25 per square foot, NNN. Minimum divisible space is 2,280 square feet. The property's APN is L9 32 1A 0324.
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UPS Access Point location Courier Service Postal Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GC · Easton, PAEaston. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.