425 Northampton StEaston, PA 18042

Property Details for 425 Northampton St

Year built

1900

Lot size

0.17 AC

Property size (Sq ft)

8,382 SF

Zone code

BRI

Property type

Investment properties

Property subtype

Retail residential properties

APN

L9SE2A 9 9 0310

APU

L9SE2A990310

Description

This exceptional commercial property at 425 Northampton Street in Easton, Pennsylvania presents a lucrative investment opportunity. The building boasts approximately 8320 square feet across four stories, strategically located in the heart of downtown Easton. The ground floor currently houses two thriving, separately operated businesses: a restaurant and a grocery store. Both are fully equipped with all necessary furniture, kitchen appliances, and equipment, ensuring a seamless transition for new ownership. Above the commercial spaces, the building features three spacious three-bedroom apartments, providing additional income streams and potential for future development or renovation. This multi-use property offers a diverse range of income-generating possibilities, making it an attractive investment for both seasoned and emerging investors. Its prime location offers easy access to major transportation arteries, including Route 22 and I-78, enhancing its appeal and accessibility. The property is offered at $1,650,000 and presents a rare chance to acquire a well-established, high-performing commercial building in a vibrant and growing downtown area. The existing businesses and rental units provide immediate cash flow, while the substantial square footage allows for future expansion or diversification of the property's income streams. This is a turnkey operation ready for immediate ownership and management. The property sits on a 0-acre lot.

• CAP approach

  CAP return

  Valuation

  6%

  $2,581,951

  6.5%

  $2,383,340

  7%

  $2,213,101

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,708,958

  Geo Method

  $1,697,548

• Alternative Use

  Use

  Valuation

  Residential

  $2,383,340

  Hospitality

  $2,183,126

  Educational

  $1,816,335

  Medical

  $1,878,802

  Retail

  $2,825,411

Location Insight

City

Easton

County

Northampton

State

Pennsylvania

Latitude

40.6915

Longitude

-75.2118

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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