822 Nazareth PikeNazareth, PA 18064

  • Retail properties
  • 3,800 SF
For Lease
$12/SF/YR View listing

Property Details for 822 Nazareth Pike

Year built
1959
Lot size
3.44 AC
Property size (Sq ft)
3,800 SF
Zone code
I
Property type
Retail properties
Property subtype
Retail space
APN
K7 18 6C 0418
APU
K7186C0418

Description

This exceptional retail opportunity presents 3,000 square feet of leasable space within a vibrant 16,850-square-foot shopping center located in Nazareth, Pennsylvania. Built in 1959, this single-story building is situated on heavily trafficked Route 191, providing excellent visibility and accessibility. The property's convenient location offers easy access to major roadways including Routes 33, 22, and 248, ensuring high traffic volume and customer reach. The available space features a flexible open floor plan, ideal for a variety of retail uses, and includes two ADA-compliant restrooms and ample storage. The shopping center boasts a strong tenant mix, including Enterprise Rental Car, Happy Nail, New Kim Spa, Good Guys Vape, and Nazareth Pizza, creating a thriving commercial environment. The property is zoned I, offering flexibility for various retail businesses. This is an excellent opportunity to establish or expand your business in a prime Nazareth location. The total building size is 16,850 square feet, with 3,000 square feet currently available for lease. The property's parcel number is K7 18 6C 0418. Contact us today to learn more about this exciting opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,387,649
    6.5%
    $1,280,907
    7%
    $1,189,413
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,259,610
    Geo Method
    $1,251,200
  • Alternative Use

    Use
    Valuation
    Residential
    $1,080,493
    Hospitality
    $989,726
    Educational
    $823,440
    Medical
    $851,759
    Retail
    $1,280,907
822 Nazareth Pike, Nazareth, Pennsylvania

Location Insight

City
Nazareth
County
Northampton
State
Pennsylvania
Latitude
40.7295
Longitude
-75.3135
CBSA code
10900
CBSA name
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,554
$112,100
$293,800
$405,900
-
$224,200
$587,600
$811,800

FAQs

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