2463 Nazareth RdEaston, PA 18045

Property Details for 2463 Nazareth Rd

Year built

1968

Lot size

16.19 AC

Property size (Sq ft)

77,178 SF

Zone code

GC

Property type

Retail properties

Property subtype

Community centers

APN

L9 32 1A 0324

APU

L9321A0324

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $28,183,150

  6.5%

  $26,015,216

  7%

  $24,156,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,582,686

  Geo Method

  $25,411,876

• Alternative Use

  Use

  Valuation

  Residential

  $21,944,808

  Hospitality

  $20,101,326

  Educational

  $16,724,068

  Medical

  $17,299,234

  Retail

  $26,015,216

Location Insight

City

Easton

County

Northampton

State

Pennsylvania

Latitude

40.6895

Longitude

-75.2521

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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