139-143 S Main St
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139-143 S Main St
9,648 SF 100% Leased Retail Building Nazareth, PA 18064 $899,900 ($93/SF) 7.01% Cap Rate
Executive Summary
INVESTMENT OPPORTUNITY IN DOWNTOWN NAZARETH! Nestled on bustling Main Street, this stunning 6-unit historic building exhibits charm with its quality brickwork, intricate Italianate details, and a striking segmented pediment atop a large cornice. The ground floor features 2 prime commercial spaces, one of which is already leased, while the upper floors house 4 modestly updated and fully occupied residential units. With current gross rents at approximately $75k and the potential to reach $90k upon leasing the second commercial space, this property is a gem for long term portfolio investors. Don't miss the chance to own a piece of Nazareth's history while enjoying a gilt-edge portfolio addition!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$86,700
|
$8.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$86,700
|
$8.99
|
| Taxes |
$6,722
|
$0.70
|
| Operating Expenses |
$16,870
|
$1.75
|
| Total Expenses |
$23,592
|
$2.45
|
| Net Operating Income |
$63,108
|
$6.54
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $86,700 |
| Annual Per SF | $8.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $86,700 |
| Annual Per SF | $8.99 |
| Taxes | |
|---|---|
| Annual | $6,722 |
| Annual Per SF | $0.70 |
| Operating Expenses | |
|---|---|
| Annual | $16,870 |
| Annual Per SF | $1.75 |
| Total Expenses | |
|---|---|
| Annual | $23,592 |
| Annual Per SF | $2.45 |
| Net Operating Income | |
|---|---|
| Annual | $63,108 |
| Annual Per SF | $6.54 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,648 SF
Building Class
C
Year Built
1900
Price
$899,900
Price Per SF
$93
Cap Rate
7.01%
NOI
$63,108
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.73
Land Acres
0.13 AC
Zoning
21GC - General Commercial
Frontage
38 FT on S Main St
Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | J7SE3A-9-11-0421 | Total Assessment | $78,800 |
| Land Assessment | $25,500 | Annual Taxes | $6,722 ($0.70/SF) |
| Improvements Assessment | $53,300 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
J7SE3A-9-11-0421
Land Assessment
$25,500
Improvements Assessment
$53,300
Total Assessment
$78,800
Annual Taxes
$6,722 ($0.70/SF)
Tax Year
2024
-
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139-143 S Main St
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