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Property profile & analytics
FOR LEASE
Community centers

2429 Nazareth Rd Palmer Twp, PA 18045

77,178 SF 16.19 ac lot Built 1968
Entity Owned 25-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-1898567
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1968
Total area 77,178 SF
Lot 16.19 ac (705,411 SF)
Zoning code GC
APN L9 32 1A 0324
UPID US73-1898567
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
  • Advance Auto Parts Auto Parts Store
  • UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$870k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$1.05M
Owner & transaction history
Long John Silver INC · 25 yrs held
Long John Silver INC
since 2000
3 recorded transactions
2000
Price N/A
2000
Price N/A
1969
Price N/A
Zoning & alternative use
GC · Easton, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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