East 3rd Street | Multi-Family Redevelopment Opportunity | Bethlehem, PA

Investment Overview

Situated on one of Bethlehem's most traveled commercial corridors this redevelopment opportunity offers investors and developers the chance to capitalize on the city's continued residential, mixed-use, and commercial expansion. Currently configured with 8 units, one of which is a first-floor retail space on 3rd Street. Located in the Southside's revitalization district, the property benefits from exceptional visibility, strong traffic counts, and immediate access to major employers, universities, entertainment destinations, and transportation corridors. The surrounding neighborhood has experienced significant public and private investment, with hundreds of new residential units recently completed or currently under development. Combined with Bethlehem's thriving downtown, expanding population, and vibrant arts and entertainment scene, the area continues to attract residents, businesses, and visitors alike. Whether repositioning the existing property or pursuing a complete redevelopment, the flexible zoning allows for a wide range of commercial and mixed-use concepts. Approved uses include: retail, education or support building to a college or university, daycare (adult or child), multifamily dwelling with first floor retail, office with first floor retail, live/work units, and other additional uses. Contact the listing agents to discuss your proposed use.

Investment Highlights

• Prime redevelopment site in Bethlehem's rapidly growing South Side
• Prominent frontage along heavily traveled East 3rd Street
• Flexible zoning supports multifamily, retail, office, mixed-use, educational, and commercial redevelopment
• Minutes from Lehigh University, Moravian University, and Northampton Community College campuses
• Strong surrounding residential growth and ongoing private investment