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5881 Sullivan Trl 10,600 SF Retail Building Nazareth, PA 18064 $1,797,247 CAD ($169.55 CAD/SF) 25% Cap Rate
INVESTMENT HIGHLIGHTS
- Well Established Resturant
- Iconic Historic Building
- High Traffic location
EXECUTIVE SUMMARY
This iconic, historic property offers the opportunity to own a well-established restaurant situated on a high-visibility corner, just minutes from Route 33. With strong traffic flow and excellent curb appeal, this location is ideal for attracting both loyal locals and passersby. Included in the sale: Real estate, liquor license, fully operational restaurant business, and all restaurant equipment & furnishings. The restaurant accommodates seating for over 100 guests across multiple inviting areas and plenty of parking. There is a charming original, hand-carved bar that’s a local favorite, two distinct dining rooms, and outdoor porch seating. The commercial kitchen is fully equipped and ready for immediate use and features two pizza ovens, two large prep stations, walk-in freezer and refrigerator, commercial dishwasher, 14-burner gas range/oven, fryer, and a salad station. The interior is tastefully decorated, blending historic character with modern comfort—perfect for a quick and seamless transition to new ownership. The second and third floors, once hotel rooms, are currently used by the owner but offer limitless potential for possible conversion into: Apartments, Bed & Breakfast, Airbnb, etc. (Subject to zoning approval—please consult with Plainfield Township)
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
10,600 SF
Building Class
C
Year Built
1901
Price
$1,797,247 CAD
Price Per SF
$169.55 CAD
Cap Rate
25%
NOI
$449,312 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.43
Lot Size
0.57 AC
Zoning
26VC - Village Center zoning district. Intended for low to medium--density residential development in specific areas
Parking
34 Spaces (3.21 Spaces per 1,000 SF Leased)
Frontage
165’ on Sullivan trail
PROPERTY TAXES
| Parcel Number | H8NW3-1-12-0626 | Improvements Assessment | $125,218 CAD |
| Land Assessment | $36,381 CAD | Total Assessment | $161,599 CAD |
PROPERTY TAXES
Parcel Number
H8NW3-1-12-0626
Land Assessment
$36,381 CAD
Improvements Assessment
$125,218 CAD
Total Assessment
$161,599 CAD
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5881 Sullivan Trl
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