550 Main St Nazareth, PA 18064-2729
This exceptional investment opportunity presents a landmark restaurant and apartment building located at 550 S Main St, Nazareth, Pennsylvania. The property, built in 1935, boasts a prime location in the thriving borough of Nazareth, offering a blend of commercial and residential income streams. The restaurant, a highly successful establishment with over 32 years of operation, features state-of-the-art equipment and comfortably seats 70+ patrons. The building's permitted zoning is HC, allowing for continued operation of the restaurant and residential units. The 0.31-acre lot includes a private parking lot providing ample parking, with a ratio of 7.14 spaces per 1,000 square feet. The two-story building is in excellent condition and includes three apartments above the restaurant, generating additional rental income. Financial details are available to qualified applicants. The property's APN is K7NE2A-5-1A-0421. This turnkey operation offers a unique chance to acquire a well-established business with significant upside potential, combined with the added benefit of residential rental income. The property is zoned for commercial use and is situated on a sizable lot, providing ample space for both the restaurant and parking. Serious inquiries only.
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Pizza Joe's Italian Restaurant Restaurant
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
HC · Nazareth, PANazareth. 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.