• 423 Nazareth Pike - 423 Nazareth Pike, Nazareth, PA 18064

For Sale

Office
Medical Office

For Sale

This property is available for sale
0.91
Acres
$557,000
Sale Price
  • Year Built
    1976
  • Total Building Size
    11,692 RSF
  • Overview

    $111,240 GROSS INCOME, $77,911 NET INCOME, 14% CAP@ASKING* 100k invested in this turnkey cash flowing 9 UNIT asset located on 20k+ traffic count highway RT 191 Nazareth Pike w/ 445' of FRONTAGE on .9 ACRE CORNER lot @ a 4-way intersection w/ traffic lights & w/in Nazareth SD. W/ bus stop on premises, property is zoned commercial, specifically mixed-use res/office/apts. Offering includes 3 contiguous parcels & buildings totaling 11,692SF of leasable space from 3 res, 3 storefronts, 2 rear units & 1 parking lot. Across from famous bank, dining & retail. Building 1= 9,656SF & has large paved parking lot in rear w/ 6,800SF ground level com space & 2nd FL= 2 APTS, one 2BR & 1BR w/ kitchen, LR & 1BA w/ electric heat. New roof, 3 phase 400 amps. See 2D & 3D FL plans & area information. Building 2= 4BR 2,036 SF home w/ all NEW & UPDATED: paint, furnace, roof, central air, kitchen, BAs, basement & rented @ 1520/mo. 1.5 from Phili/NYC, seconds from 33 & 22. Subject to zoning approvals.

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Property Details

$111,240 GROSS INCOME, $77,911 NET INCOME, 14% CAP@ASKING* 100k invested in this turnkey cash flowing 9 UNIT asset located on 20k+ traffic count highway RT 191 Nazareth Pike w/ 445' of FRONTAGE on .9 ACRE CORNER lot @ a 4-way intersection w/ traffic lights & w/in Nazareth SD. W/ bus stop on premises, property is zoned commercial, specifically mixed-use res/office/apts. Offering includes 3 contiguous parcels & buildings totaling 11,692SF of leasable space from 3 res, 3 storefronts, 2 rear units & 1 parking lot. Across from famous bank, dining & retail. Building 1= 9,656SF & has large paved parking lot in rear w/ 6,800SF ground level com space & 2nd FL= 2 APTS, one 2BR & 1BR w/ kitchen, LR & 1BA w/ electric heat. New roof, 3 phase 400 amps. See 2D & 3D FL plans & area information. Building 2= 4BR 2,036 SF home w/ all NEW & UPDATED: paint, furnace, roof, central air, kitchen, BAs, basement & rented @ 1520/mo. 1.5 from Phili/NYC, seconds from 33 & 22. Subject to zoning approvals.

  • Property Type
    Office, Medical Office
  • Year Built
    1976
  • Sale Price
    $557,000
  • Total Building Size
    11,692RSF
  • Total Acres
    0.91
  • Cap Rate
    14.0%
  • Number of Floors
    2
  • Building Class
    C
  • Zoning
    C
  • Property ID
    1878482

Landlord's Sales Representative

  • Tejas Gosai
    CENTURY 21 Keim Realtors