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Cheyenne Reiman

cheyenne@realtyoutfitters.com +1(484) 951-2329

$ 599,000

Est. payment -/mo

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1509 Easton AVE Bethlehem City, PA 18017

2,956 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 2,956 sqft

Price per Sqft $202

MLS Listing ID 786049

HOA Y/N No

Year Built 1959

Annual Tax Amount $7,123

Lot Size 6,011 Sqft

Acres 0.138

Lot Dimensions 120X50

Property Sub-Type Office

Property Description

Excellent investment opportunity in Bethlehem. This fully occupied, 2,956 SF freestanding commercial property offers immediate income with an established tenant, The Lesson Center, occupying the entire building. The Lesson Center, a longtime Lehigh Valley music education provider, is now part of Ensemble Performing Arts, a national company that owns and operates more than 120 music and dance schools nationwide. This affiliation combines an established local presence with the operational resources and support of a growing national organization. The current lease extends through September 2029 and includes two additional five-year renewal options, offering the potential for long-term occupancy. Contractual annual rent increases provide built-in income growth, while the modified triple-net (NNN) lease provides for tenant reimbursement of key property operating expenses, with additional expenses paid directly by the tenant. Recent capital improvements include a new roof in 2024 and replacement of both gas-fired heating units in 2022. Currently configured as a music school with reception/waiting areas and multiple private lesson studios, the building retains its original two-unit configuration with separate electrical metering and 200-amp service to each unit, offering potential future leasing flexibility. Convenient Easton Avenue frontage, excellent accessibility and on-site and nearby parking options further enhance this investment opportunity. This property represents an ideal addition to a commercial investment portfolio, offering established occupancy, contractual rent growth, and substantial recent capital improvements.

Location

State PA

County Northampton

Area Bethlehem-North

Direction Rt 22 exit toward PA-512/Center St/Bethlehem -Turn left onto Bath Pike (PA-512 S). Continue on Center St (PA-512). Go for 2.1 mi. Turn left onto E Elizabeth Ave. Go for 0.3 mi. Turn slightly left onto Easton Ave. Go for 0.2 mi. End at 1509 Easton Ave

Interior

Heating Electric, Gas

Cooling Central Air, Zoned

Flooring Vinyl, Wood

Inclusions Real Estate Only

Fireplace No

Exterior

Parking Features Off Street, Parking Lot, On Street

Utilities Available Natural Gas Available

Water Access Desc Public

Roof Type Flat

Street Surface Asphalt

Road Frontage City Street

Total Parking Spaces 5

Building

Sewer Public Sewer

Water Public

Schools

School District Bethlehem

Others

Tax ID N6SE3A-2-1-0204

Security Features Security System,Security Lights

Special Listing Condition None

Listed by Howard Hanna TheFrederickGroup

NEARBY SCHOOLS & PROPERTIES

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Cheyenne Reiman

+1(484) 951-2329

Broker RM424708

Cheyenne Reiman

1509 Easton AVE Bethlehem City, PA 18017

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1509 Easton AVE