580 Broad StNazareth, PA 18064

Property Details for 580 Broad St

Year built

1989

Lot size

0.39 AC

Property size (Sq ft)

2,485 SF

Zone code

LI

Property type

Turn key restaurants

APN

K7NE2A 4 16A 0421

APU

K7NE2A416A0421

Description

This exceptional 2,485-square-foot retail space, located at 580 S Broad St in Nazareth, Pennsylvania, presents a unique investment opportunity. The property, built in 1989 and extensively renovated in 2021, sits on a 0.39-acre lot and boasts a single-tenant occupancy. Currently vacant, the space offers significant potential for a variety of uses. Previously occupied by a Pizza Hut restaurant, the building requires some renovation to suit a new tenant's needs. However, its adaptable layout makes it suitable for a range of businesses, including restaurants (pizza, BBQ, Asian cuisine, etc.), or even conversion to medical or professional office space. A key advantage is the dedicated parking lot providing 35 spaces, ensuring ample customer and employee parking. The property is zoned 21LI within Northampton County and features one single-story building. The APN is K7NE2A-4-16A-0421. This high-visibility location in Nazareth, PA (zip code 18064) offers excellent accessibility and strong potential for attracting a diverse clientele. Don't miss this chance to acquire a versatile commercial property in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $907,449

  6.5%

  $837,646

  7%

  $777,814

• Comparable approach

  Method

  Valuation

  Relative Method

  $823,719

  Geo Method

  $818,219

• Alternative Use

  Use

  Valuation

  Residential

  $706,585

  Hospitality

  $647,228

  Educational

  $538,486

  Medical

  $557,006

  Retail

  $837,646

Location Insight

City

Nazareth

County

Northampton

State

Pennsylvania

Latitude

40.7332

Longitude

-75.3098

CBSA code

10900

CBSA name

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

Property Tax & Assessments

FAQs

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