Property profile

394 Berwick St Easton, PA 18042

OFF-MARKET
Banks
Property ID
US73-3909332
2,694 SF 0.04 ac lot Built 1955
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,694-square-foot retail property in Easton, Pennsylvania, presents a unique investment opportunity. Located at 394 W Berwick St, this single-story building, constructed in 1955, offers a versatile space previously used as a bank branch, complete with a drive-thru. The property sits on a 0.04-acre lot and includes 12 parking spaces, providing ample convenience for customers. Currently vacant, the building is zoned R-MD, allowing for a variety of uses, including but not limited to a convenience store (variance already in place), coffee shop, business services, or medical services. The property benefits from its location within the Street Corridor Overlay District and enjoys proximity to a 55-unit apartment complex (built 2022), a Dollar General, and the Easton Yards Apartment building, all within one block. The annual property taxes are $3.35 per square foot. This location offers excellent visibility and accessibility within a thriving commercial environment in Easton, a vibrant town along the Delaware River known for its historic charm and strong sense of community. The property's combination of existing infrastructure, convenient location, and flexible zoning makes it an ideal canvas for a variety of commercial ventures. The Northampton County APN is L9SE3D 25 20 0310. The zip code is 18042.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1955
Total area 2,694 SF
Lot 0.04 ac (1,890 SF)
Zoning code RMD
APN L9SE3D 25 20 0310
UPID US73-3909332

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm

Location

394 Berwick St Easton, PA 18042-6558
Easton metro Census 14700 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2023
Last sale
$239,000
2 recorded transactions
2023
$239,000
2017
$91,000

Zoning & alternative use

RMD · Easton, PA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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