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209 E 3rd St
Bethlehem, PA 18015
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Prime redevelopment opportunity in Bethlehem's rapidly expanding South Side district
- Located within the South Side revitalization area
- Minutes from Lehigh University, Moravian University, and Northampton Community College
- Prominent frontage along heavily traveled East 3rd Street
- Flexible zoning supports multifamily, retail, office, mixed-use, educational, and commercial development
- Surrounded by significant residential growth and ongoing private investment
Executive Summary
Positioned along East 3rd Street, one of Bethlehem's most active commercial corridors, this prime redevelopment opportunity offers investors and developers the ability to capitalize on the continued growth and transformation of the city's South Side. Located within the South Side revitalization district, the property benefits from outstanding visibility, strong traffic exposure, and convenient access to major employment centers, higher education institutions, entertainment destinations, and regional transportation routes.
The surrounding area has experienced substantial public and private investment, including the development of numerous residential projects that continue to drive population growth and economic activity. Bethlehem's vibrant downtown, thriving arts and entertainment scene, and expanding residential base have created strong demand for new commercial, mixed-use, and residential development opportunities.
Flexible zoning allows for a variety of redevelopment concepts, including retail, office, educational and university-support facilities, daycare operations, multifamily development with ground-floor retail, live/work units, and other commercial uses. Whether repositioning the existing improvements or pursuing a complete redevelopment strategy, this property offers significant potential in one of the Lehigh Valley's most dynamic growth markets.
The surrounding area has experienced substantial public and private investment, including the development of numerous residential projects that continue to drive population growth and economic activity. Bethlehem's vibrant downtown, thriving arts and entertainment scene, and expanding residential base have created strong demand for new commercial, mixed-use, and residential development opportunities.
Flexible zoning allows for a variety of redevelopment concepts, including retail, office, educational and university-support facilities, daycare operations, multifamily development with ground-floor retail, live/work units, and other commercial uses. Whether repositioning the existing improvements or pursuing a complete redevelopment strategy, this property offers significant potential in one of the Lehigh Valley's most dynamic growth markets.
Property Facts
| Sale Type | Investment | Lot Size | 0.13 AC |
| No. Units | 7 | Building Size | 6,649 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1980 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | CB | ||
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,649 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
| Zoning | CB |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
Property Taxes
| Parcel Number | P6SE1B 1 10 0204 | Improvements Assessment | $85,900 |
| Land Assessment | $42,400 | Total Assessment | $128,300 |
Property Taxes
Parcel Number
P6SE1B 1 10 0204
Land Assessment
$42,400
Improvements Assessment
$85,900
Total Assessment
$128,300
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