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132-142 S 3rd St
Easton, PA 18042
Heritage River View · Office Property For Sale
Investment Highlights
- Historic Community Asset: Formerly known as Heritage Lanes, the property has been part of the community for over 100 years.
- Class A Office Conversion: Originally a 21,000 SF single-story, now a two-story, 45,644 SF (GSF) Class A office building.
- Job Creation: The project has created more than 200 jobs, boosting the city’s economic renaissance.
- Complete High-Quality Renovation: The building underwent a full transformation, preserving original walls and industrial design elements.
- Upgraded Parking: Renovation includes a fully upgraded underground parking garage with 30 spaces.
- 10-Year LERTA Tax Abatement: Tenants benefit from reduced CAM expenses due to the tax abatement.
Executive Summary
Kyle Matthews
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # RB068831, RM423998 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
45,644 SF
Building Class
A
Year Built/Renovated
1920/2020
Price
$10,300,000
Price Per SF
$225.66
Cap Rate
7.34%
NOI
$756,020
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
22,822 SF
Building FAR
1.72
Lot Size
0.61 AC
Opportunity Zone
Yes
Parking
30 Spaces (0.66 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Security System
- Air Conditioning
Property Taxes
| Parcel Number | L9SE2B-13-4-0310 | Improvements Assessment | $37,000 |
| Land Assessment | $23,500 | Total Assessment | $60,500 |
Property Taxes
Parcel Number
L9SE2B-13-4-0310
Land Assessment
$23,500
Improvements Assessment
$37,000
Total Assessment
$60,500
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