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$ 2,700,000
Est. payment /mo
Active
257 E Central AVE East Bangor Boro, PA 18013
1.39 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 773659
Construction Status Unknown
HOA Y/N No
Year Built 2007
Annual Tax Amount $16,219
Lot Size 1.395 Acres
Acres 1.395
Property Sub-Type Retail
Property Description
Turn-key mixed-use investment opportunity situated on a high-visibility corner lot with strong traffic count of 22,000. Five miles to the NJ/ route 80 highway. Great 1031 replacement property. This unique property on over 4 acres is a long-standing destination with multiple streams and significant upside potential. Currently owner operated and fully utilized, the site offers flexibility for investors, owner-users, or hospitality operators seeking scale and repositioning opportunities. Building one: Featuring 5988 sqft built in 2001 includes a well-established restaurant with seating for approximately 176 guests, a full commercial kitchen with extensive high- end equipment, large ADA compliant restrooms, and upper-level event space. The layout supports immediate operation while offering the ability to optimize efficiencies or increase rental income. Building two: Features 5867 sqft built 1900. Includes an ice cream shop, office space, a three-bedroom apartment, and additional flexible commercial areas that can be subdivided for added income. The property also benefits from multiple garage bays with storage. Equipment includes two nearly new Taylor soft-serve machines, commercial refrigeration, bakery capabilities, and complete dining setup. Also parking for 150+ vehicles and well-maintained FF&E. All buildings feature newer metal roofs, minimizing near- term capital expenses. With multiple revenue streams excellent access to surrounding towns and commuter routes, this is a rare opportunity to acquire a versatile, income producing assets with both immediate functionality and long-term upside. Additional acreage and rental income on adjacent parcels may also be available for sale, new listing price represents the additional 5 parcels. In addition to continued restaurant or hospitality use, investors may explore the potential for redevelopment, including demolition and new construction, subject to zoning, municipal approvals, land-use regulations, and feasibility studies. Whether continuing the existing operation, repositioning the property, or investigating a future redevelopment project, this offering presents an opportunity to explore multiple investment strategies in Northampton County. Buyer to verify property dimensions, equipment inclusions, zoning, permitted uses, demolition requirements, and redevelopment feasibility.
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Location
State PA
County Northampton
Area East Bangor
Direction call listing agent for more information
Interior
Heating Gas
Cooling Central Air
Inclusions Business, Real Estate/Business
Fireplace No
Exterior
Parking Features Detached, Garage, Parking Lot
Water Access Desc Public
Roof Type Other
Street Surface Asphalt
Total Parking Spaces 176
Garage Yes
Building
Sewer Public Sewer, Septic Tank
Water Public
Construction Status Unknown
Schools
School District Bangor
Others
Tax ID D10SW2d4 1 0109
Special Listing Condition None
Listed by Howard Hanna TheFrederickGroup
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