231 S 7th ST Easton, PA 18042
5,877 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Pending
Purchase Type For Sale
Square Footage 5,877 sqft
Price per Sqft $85
MLS Listing ID 774418
Construction Status Unknown
HOA Y/N No
Year Built 1910
Annual Tax Amount $11,187
Property Sub-Type Office
Property Description
The property features a first-floor commercial office suite with eight private offices, ideally suited for attorneys, title companies, professional services, medical, or administrative users. Above are two large multi-level residential units, each offering 3 bedrooms, with one unit featuring 1.5 baths and the other 1 full bath, creating strong rental income potential upon completion.
The residential units have already been fully demoed and prepared for renovation, allowing investors to bypass the initial demolition phase and move directly into construction. New flooring and window packages are included, helping reduce upfront costs and accelerate project timelines. Much of the groundwork has already been completed, providing a head start for investors looking to capitalize on Easton's continued growth and demand.
The existing mixed-use configuration offers flexibility for long-term hold, rental income, owner occupancy, or redevelopment strategies. Commercial use is currently positioned on the lower level with residential units above. Potential exists for alternative configurations, including full residential conversion, subject to buyer due diligence and municipal approvals.
Ownership has already invested substantial capital into demolition, materials, planning, and project preparation. With the seller currently focused on a larger development project, an opportunity exists for the next investor to capitalize on the progress already completed and advance the project without the time and expense associated with initial demolition, planning, and preparation. The recent price improvement creates an attractive entry point for buyers seeking a value-add asset with multiple exit strategies in a proven downtown location. Seller may consider creative financing structures, including partial seller financing, depending on terms and buyer qualifications.
Located within walking distance of downtown restaurants, retail, government offices, and public transportation, the property benefits from strong visibility, courthouse-driven traffic, and consistent demand from both residential and professional tenants. Opportunities offering this combination of location, scale, flexibility, and redevelopment potential are increasingly difficult to find in the Easton market.
Property is being sold in its current condition. Title issues that previously delayed a transaction have been fully resolved, and the property has been returned to market ready for a smooth closing. Strong investor interest expected.
Location
State PA
County Northampton
Area Easton
Direction Take the 13th Street Exit off 22, make a right off the ramp, go straight through the light onto Wood Ave. Travel East down Wood Ave until you hit Northampton St. Take a right onto 7th St from Northampton. Continue traveling South until Washington St.
Interior
Heating Electric, Oil
Cooling Central Air, Wall/Window Unit(s)
Inclusions Real Estate Only
Fireplace No
Exterior
Parking Features Off Street, Parking Pad, On Street
Water Access Desc Public
Roof Type Flat
Street Surface Concrete
Building
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Easton
Others
Tax ID L9SE1C 17 12 0310
Special Listing Condition None