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$350,000
Est. payment /mo
4,752 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,752 sqft
Price per Sqft $73
MLS Listing ID 768435
HOA Y/N No
Year Built 1900
Annual Tax Amount $6,274
Lot Size 4,007 Sqft
Acres 0.092
Property Sub-Type Apartment
Property Description
Exceptional Investment Opportunity in the Heart of Downtown Nazareth! This three-story brick building presents a rare chance to acquire a mixed-use property with substantial value-add potential. The first floor features a commercial space formerly operated as a Chinese restaurant, offering excellent frontage and visibility for future retail, dining, or professional use. The upper levels consist of two expansive 3-bedroom residential units, each known for their generous layouts and classic architectural character. Following a recent fire, the entire structure has been professionally stripped to the studs, providing a ready foundation for redevelopment, modernization, or full redesign. Situated in a prime downtown location with strong rental demand and consistent foot traffic, this property is ideally positioned for investors seeking to reposition a prominent building, capitalize on mixed-use revenue streams, or create long-term cash-flow stability. The zoning allows 1st fl commercial and 3 apartments units without zoning hearing.
Location
State PA
County Northampton
Area Nazareth
Direction PA-248 to S. Broad Street, Left on E Prospect, Right on S Main
Interior
Heating Gas
Cooling None
Inclusions Real Estate Only
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Street Surface Asphalt
Road Frontage City Street
Total Parking Spaces 4
Building
Sewer Public Sewer
Water Public
Schools
School District Nazareth
Others
Tax ID J7SE3A 9 17 0421
Special Listing Condition None
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Listed by Freeby Lai Real Estate
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