129 Howertown Rd Catasauqua, PA, 18032
Mixed Use Building: Bar Restaurant w Apts up Top!
Asking Price: $485,000
Images and all deal info courtesy of Max Melito
Photos and Floorplans
Photos: https://photos.app.goo.gl/UPEfECNDYdZ9yyHa9
APT Floor Plan: https://photos.app.goo.gl/XkkyVdPPieQ3osFp7
Bar/Restaurant Floor Plan: https://photos.app.goo.gl/R9MXvGArxpiF7szm8
Buy & Hold Overview
Projected
- Gross Rents: $82,800
- Annual NOI: $47,004 *20% holdback for maintenance/vacancy/management
- Cap Rate: 8.79%
- Cash on Cash: 8.3%
- Repair Estimate: $50,000
Highlights
- Mixed use
- Comes with all large kitchen equipment needed to run a restaurant/bar
- Extensive tap system for beer
- Two walk in coolers
- Two Bars!
- State Economic Development Liquor License program application is being applied for currently
Property Details
- 3 Unit, 3 bed 1 bath each apt
- Property will be delivered vacant
- Beds: 6
- Baths: 4.0
- Square Footage: 6400 SF
- Lot Size: 0.13
- Year Built: 1870
- Zoning: R2
- Heat: radiant heat
- Electric: may need reworked to split off utilities to units vs restaurant
- Plumbing: good condition
- Water: public
- Sewer: public
- Roof: shingle, slate, and rubber
- Foundation: no issues
- Windows: some newer, some older
- Water Heater: working condition
- Garage: 2
- Flooring: hardwoods, carpet
- Flood Zone: no
- Taxes: $13,236
- Parking: verbal agreement with neighboring cement plant for 60+ spots, and on street parking
- Liquor License is being applied for through a state program at a discounted rate
Repair Estimate
Total Estimated Repair Range: $50,000
*keeping bar/restaurant space the way it is, renovating both units and some utilities
Utilities
- Heat: partially split
- Electric: partially split
- Water/Sewer: one meter
Comparable Sales/CMA
*we recommend any potential investor do their own due diligence and use these as a point of reference only
*limited comps for this type of property in the area, we included all 3-7 unit buildings in the general area for comparison
ARV (After Repair Value) Comps:
427 429 N Front Street, Catasauqua Borough PA, 18032-2526
6 beds, 5 bath, 6,196 sqft
Sold for $820,000 on 2025-11-18
PPSF (Price Per Square Foot): $132
725 727 Front Street, Catasauqua Borough PA, 18032-2352
8 beds, 6 bath, 4,200 sqft
Sold for $807,500 on 2025-05-30
PPSF (Price Per Square Foot): $192
1109 -1119 Catasauqua Road, Whitehall Twp PA, 18052-5505
7 beds, 4 bath, 4,100 sqft
Sold for $960,000 on 2025-10-30
PPSF (Price Per Square Foot): $234
Contact Us to Schedule a Walkthrough
The Melito & Koch Team
- Max Melito Direct Line: 814-250-3829
- Max Melito Email: max@melitoandkoch.com
- Website: melitoandkoch.com
- Facebook: The Melito & Koch Team
Disclosures
- ORAL CONSUMER NOTICE:
- The Real Estate Law requires that I provide you with a written notice that describes the various business relationship choices that you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the consumer notice, I have the duty to advise you that any information you give me at this time is not considered to be confidential, and any information you give me will not be considered confidential unless and until you and I enter into a business relationship. At our first meeting I will provide you with a written consumer notice which explains those business relationships and my corresponding duties to you.
- HOLD HARMLESS ACKNOWLEDGEMENT:
- The information contained in this email, including attachments, is confidential and may be legally privileged. It is intended solely for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, please notify the sender immediately and delete this email. Real estate investment carries inherent risk, and this email does not constitute legal or financial advice. While I strive to provide accurate and up-to-date information, I make no warranties regarding the correctness of the data or the viability of the investment strategies discussed. By using the information provided, you agree to hold harmless The Morrow Wargo Group, Realty ONE Group Supreme, or any other entity related to our relationship- for any reliance on the content of this correspondence. Investment decisions should be made based on your own due diligence and consultation with financial and legal advisors. As a real estate agent, I provide services to assist in purchasing properties and analyzing data; however, the ultimate responsibility for investment decisions lies with the investor.
- DUE DILIGENCE:
- This deal must be analyzed individually. Investment returns are not guaranteed. All investors should conduct their due diligence. The Melito & Koch Team, Realty ONE Group Supreme, and associated parties are not liable for any inaccuracies or reliance on this information.
