30 N 4th St - 30 N 4th Street 65,340 SF Specialty Building Offered at $8,026,000 at a 7.50% Cap Rate in Easton, PA 18042
INVESTMENT HIGHLIGHTS
- The tenant, Easton Arts Academy Elementary Charter School, Inc., recently exercised its first 7-year option to extend the lease through August 2031
- Ideal, low-management investment opportunity for a passive investor Historic Downtown Easton | Highly-Walkable Location | Nearby National/Credit
- The lease features 3% rental increases every 5 years starting in August 2026 and continuing throughout the option periods thereafter, growing NOI and
- he 5-mile trade area is supported by over 125,000 residents and 45,000 employees, providing a direct consumer base from which to draw
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. CQ1066435 (FL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
| Price | $8,026,000 |
| Price Per SF | $122.83 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 65,340 SF |
| No. Stories | 3 |
| Year Built | 1923 |
| Parking Ratio | 2.94/1,000 SF |
| Opportunity Zone |
Yes |
1 of 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | L9SE2A 4 1C 0310 | Improvements Assessment | $1,436,300 |
| Land Assessment | $0 | Total Assessment | $1,436,300 |
ZONING
| Zoning Code | 10RHD (DD - Downtown) |
