408 E Adams St Bethlehem, PA 18015
For Lease
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Fine Wine & Good Spirits #4813 (Bike/Boat/Book/etc) Store Wine and Liquor Store
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Corcoran Law Offices Law Firm
(i) CB Central Business District - To provide for an orderly coordinated development of varied commercial business and office uses in combination with limited intensive residential development in the central business areas of North Bethlehem and South Bethlehem, and to encourage excellence of design in the development of properties. To promote pedestrian-fri…
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
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Property description
Physical attributes from public recordsZoning & alternative use
CB · Bethlehem, PA(i) CB Central Business District - To provide for an orderly coordinated development of varied commercial business and office uses in combination with limited intensive residential development in the central business areas of North Bethlehem and South Bethlehem, and to encourage excellence of design in the development of properties. To promote pedestrian-friendly uses, as opposed to uses that are auto dependent. (j) CG General Commercial District - To provide for a wide variety of commercial uses, including more intensive commercial uses, in areas with few historic buildings and that include few existing homes. To manage traffic to avoid congestion and safety hazards, particularly in regards to access to major streets. (k) CL Limited Commercial District - To provide for less intensive types of commercial uses in areas that include many existing homes or small lots that are immediately adjacent to residential neighborhoods. The intent is to control uses that are most likely to generate nuisances or hazards for nearby residents, such as 24 hour operations. (l) CS Shopping Center District - To provide for the development of modern, well-planned shopping centers with coordinated traffic access, to provide for a variety of compatible business uses. The district is intended to result in a group of properly related business and compatible facilities comprising a single architectural scheme with appropriate landscaping, off-street parking, screening and vehicular access. New residential uses are proposed to be limited to above commercial uses. (m) CM Office Research Center District - To provide for offices, research and development, educational and complementary uses. To avoid uses that are most likely to generate heavy tractor-trailer traffic, particularly on roads on the South Mountain. (n) OMU Office Mixed Use District - In addition to serving the purposes of the City Comprehensive Plan and the overall purposes of this Ordinance, this District is intended to promote redevelopment of areas of the City that are currently underutilized and are only partially developed. This District also recognizes that this area of Bethlehem is unique in terms of its size and its proximity to ramps of a limited access expressway (PA. Route 378). This District is also intended to provide transitional zoning provisions adjacent to a County Park and recognized historical site, the Burnside Plantation. This District also is intended to encourage ground-floor retail and service uses to create connectivity between the residential and commercial buildings on the overall tract.
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.