Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1045 Rt 390 Greentown, PA 18426

    Sponsored
    For Sale
    $699,000

    COMMERCIAL - Greentown, PA

    Lot size:
    0.61 Acres
    Days on Market:
    103
    Last Refresh:
    Jan 26 at 10:06 am

    Property Features for 1045 Rt 390

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    116.04-03-86 013957
    Parking
    29
    Parking features
    Parking Lot
    Lot size
    0.61 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Propane (Heating)
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1960
    Floors in Building
    1
    Flooring type
    Vinyl, Tile
    Building materials
    Stone, Wood Siding
    Roof type
    Shingle, Asphalt

    We can help!

    Listing Contact
    Eric James Ehrhardt

    Davis R. Chant Real Estate, Inc. (570) 296-7717

    Listing agent Eric James Ehrhardt (570) 226-4518

    Listing date Oct 16, 2025

    MLS# PW-253206 Listing URL

    Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turn-key Restaurant Near Promised Land

    This turn-key restaurant is located adjacent to Promised Land State Park. The restaurant was completely updated and renovated in 2018 and is in excellent condition. It offers seating for over 100 people both inside and out, including a 20-seat bar, a dining room featuring a floor-to-ceiling stone fireplace, covered outdoor dining, and a separate outside bar. Across from the fully paved parking area is a state snowmobile trail system, hiking trails, and Promised Land Lake. A recently renovated 2-bedroom, 1-bathroom apartment is located in the back of the restaurant. A valuable R liquor license is included, as well as all equipment, furniture, and fixtures. The property is located 3.5 miles from Exit 26 on I84, close to Lake Wallenpaupack, Mt Airy Casino, waterparks, and ski areas. The property is zoned commercial and sits on a 0.61-acre lot in Greentown, PA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Map

    City
    Greentown
    County
    Pike
    State
    Pennsylvania
    Longitude
    -75.210773
    Latitude
    41.312372

    Nearby Similar for Sale

    • $475,000
      1.40 Acres

      Greentown Restaurant, Bar and Residence

      Turn-key restaurant, bar, and remodeled residence in Promised Land.
      905 Pa Rte 390, Greentown, PA 18426
      View Details
    • $699,000
      3,600 SF

      Turn-key Restaurant Near Promised Land

      Updated restaurant with seating for 100+, includes liquor license.
      1045 Rt 390, Greentown, PA 18426
      View Details
    • $975,000
      3.27 Acres

      Greentown Commercial Building on 3.27 Acres

      26,000 SF commercial building on 3.27 acres in Greentown.
      1586 Rt 507, Greentown, PA 18426
      View Details
    • $975,000
      26,148 SF

      Versatile Commercial Building on 3.27 Acres

      26,000 SF commercial building on 3.27 acres in Greentown, PA.
      1586 Rt 507, Greentown, PA 18426
      View Details
    • $649,000
      1.87 Acres

      Commercial Office Building For Sale

      Commercial office building with residential home near Rt 84.
      1345 Rt 507, Greentown, PA 18426
      View Details
    • $475,000

      Family Restaurant and Bar Business

      Turn-key restaurant, bar, and remodeled residential property in Promised Land.
      905 Route 390, Greentown, PA 18426
      View Details
    • $649,000

      Commercial Office with Residential Home

      Commercial office building with residential home near Route 84.
      1345 Route 507, Greentown, PA 18426
      View Details
    • $975,000
      26,148 SF

      Prime Greentown Commercial Property

      Large building, ample land, ideal location.
      1586 Rt 507, Greentown, PA 18426
      View Details
    • $395,000
      1,754 SF

      Greentown Restaurant - Turnkey Opportunity

      Prime Location, Fully Equipped, High Visibility
      1311 Rt 507, Greentown, PA 18426
      View Details

    FAQs

    What type of property is this?
    Restaurant - Updated restaurant with apartment, liquor license, near Promised Land.
    Where is this restaurant located?
    The property is located at 1045 Rt 390 Greentown, PA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Turn-key restaurant with valuable R liquor license and all equipment, furniture, and fixtures included.; - Prime location adjacent to Promised Land State Park, near snowmobile/hiking trails and Promised Land Lake.; - High-capacity seating for over 100 people, including indoor and outdoor dining areas, and two bars.
    (570) 226-4518
    Request Owner's contact information
    1045 Rt 390 Greentown, PA 18426
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1045 Rt 390
    Greentown, PA 18426
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1045 Rt 390 Greentown, PA 18426
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Eric James Ehrhardt
    Real Estate License ID: RS140542A
    (570) 226-4518
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.