Listed by Matthews
$10,300,000
Heritage Riverview
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 45,644
Cap Rate 7.34%
NOI $755,576
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $226
Class B
Year Built 1990
Year Renovated 2021
Buildings 1
Ground Lease No
Retail | 7.34% Cap Rate | 45,644 SqFt | $10,300,000
Marketing description
- Historic Community Asset: Formerly known as Heritage Lanes, the property has been part of the community for over 100 years.
- Complete High-Quality Renovation: The building underwent a full transformation, preserving original walls and industrial design elements.
- Class A Office Conversion: Originally a 21,000 SF single-story, now a two-story, 45,644 SF (GSF) Class A office building.
- Upgraded Parking: Renovation includes a fully upgraded underground parking garage with 30 spaces.
- Job Creation: The project has created more than 200 jobs, boosting the city’s economic renaissance.
- 10-Year LERTA Tax Abatement: Tenants benefit from reduced CAM expenses due to the tax abatement.
- 100% Leased Two-Tenant Building: Opportunity to acquire a historic building fully leased to strong tenants.
- Strong Tenant Roster: Hearst Magazines and Scalarworks both signed new 10-year leases with extension options.
- Scheduled Rental Increases: Both leases include scheduled rental increases, providing stable NOI growth.
- Prime Downtown Location: Located in Downtown Easton’s Historic District, near major population centers and the Lehigh and Delaware Rivers.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$755,576.00
$62,964.67/mo
Valuation Metrics
0
DSCR
7.34%
Cap Rate
7.34%
ROI
Map
Zoning
DD CommercialSpecial CommercialDowntown
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View all 70 uses Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics
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