Remodeled Restaurant with
For Sale
$435,000
20 School Street, Plains, PA 18705
Commercial, Plains, PA
Property Size3,350 SF
Price / SF$129.85
Days on Market54
Property Features for 20 School Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
Wilkes-Barre
Middle school district
Wilkes-Barre
High school district
Wilkes-Barre
Directions
From Main Street Miners Mills, take right onto Scott Street, continue straight at second stop sign make a right onto School Street. Restaurant is on the right-hand side.
Subdivision
Plains Twp-WB Twp-Bear Creek Laflin
Standard status
Active
APN
G11NW Block 5 lots 4,11,12 and 15
Size
3,350 SF
Taxes and HOA fees
Tax Description
POS system, personal items
Tax Annual Amount
5841
Legal Description
POS system, personal items
Listing Agency:
Rubbico Real Estate · Realty World
(570) 826-1600
Listed By:
David Magda · License #RS334204
(570) 417-4347
Added: Aug 17
Changed: Sep 12
Last Checked: Oct 9 at 10:06AM
MLS# 26-4151
Copyright © 2026 Luzerne County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,350-square-foot commercial property includes a completely remodeled restaurant and bar, a licensed outdoor pavilion, and ample on-site parking. The sale includes a full Class R liquor license. Two additional apartments have also been remodeled and are currently rented, adding residential income to the property’s restaurant-focused layout.
The building is zoned Commercial and has separate heating and electrical systems. Three new heating units serve the property, with each heating area separated. The electrical setup includes four services, supporting distinct utility arrangements for the improvements.
The building is zoned Commercial and has separate heating and electrical systems. Three new heating units serve the property, with each heating area separated. The electrical setup includes four services, supporting distinct utility arrangements for the improvements.
Key Highlights
- 3,350‑square‑foot remodeled restaurant and bar
- Licensed outdoor pavilion included with the property
- Two remodeled apartments are rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,105
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,100
$722.1K
Cap Rate 7%
$515,786
$515.8K
Cap Rate 9%
$401,167
$401.2K
Market Conditions
NOI Build-Up for 3,350 SF
Gross rent
$50.3K $15.00/SF
− Vacancy
−$2.1K −$0.63/SF
EGI
$48.1K $14.37/SF
− OpEx
−$12.0K −$3.59/SF
NOI
$36.1K $10.78/SF
Area
Luzerne County, PA
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,100
Cap Rate 7%
$515,786
Cap Rate 9%
$401,167
Alternative Uses
Best Use
Specialty Retail
$515.8K
$451.3K – $601.8K
NOI $36,105 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$358.2K
$313.4K – $417.9K
NOI $25,074 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$1.06M
$928.6K – $1.24M
NOI $74,290 @ 7.0% cap · market cap 17.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18705, PA
14,832
Population
7,268
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
2,966
Density / Sq Mi
$61,293
Median Household Income
$35,965
Median Earnings
$1,006
Median Rent
$122,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial property combines a restaurant, bar, licensed outdoor pavilion, and two rented apartments.
Where is this conventional restaurant located?
The property is located at 20 School Street Plains, PA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 3,350‑square‑foot remodeled restaurant and bar; Licensed outdoor pavilion included with the property; Two remodeled apartments are rented
