2912 Old Nazareth Rd - Retail FOR SALE


Easton, PA 18045- Palmer Heights
$1,900,000 USD
610-657-9515
2912 Old Nazareth Rd, Easton, PA for Sale
$1,900,000 USD
Retail - FOR SALE
1/37
null | Request Cap Rate

2912 Old Nazareth Rd
Easton, PA 18045
Palmer Heights


OVERVIEW

This is an incredible opportunity to purchase a turn key landmark Restaurant , bar , banquet facility. This facility was originally built in 1760 and has over the years been upgraded and updated many times with out losing its rich history and charm It has a history of quality food and the building has a classic look that can not be replicated. The stone work is beautiful and adds a charming touch that carries through out the whole facility. The bar restaurant area seats 70 people and the banquet party / facility an additional 110 seats. It has a large well maintained kitchen that can service the 180 seat capacity and ample private parking. Located on an extremely busy intersection that has fantastic access to all major highways and thruway in the area such as 22, 78 , 33, 611 , 248 etc. Located in the heart of the thriving Lehigh Valley and a stones throw from bustling downtown EASTON this is one location that lacks nothing. The Lehigh Valley is top 5 in economic growth in the nation currently and a facility like this is highly in demand. Owned and operated by same family since 1981. Owners will consider a lease to qualified applicants. There is also an additional 14 rooms that in which 4 are AIR B&B and the other 10 are for weekly rentals that are all income producing.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$221 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SALE RESTAURANT BANQUET EVENT FACILITY

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

24MDR

APN/PARCEL ID

L8NE3-10-2-0324

ASK ABOUT THIS PROPERTY

Joseph ParaneeParanee Property ManagementMore Info
610-657-9515

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Joseph ParaneeParanee Property ManagementMore Info
610-657-9515

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.