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    2400 Schoenersville Road Hanover Twp, PA 18109

    View on Map
    For Sale
    $1,399,000

    COMMERCIAL - Hanover Twp, PA

    Property size:
    2,967 SF
    Lot size:
    0.49 Acres
    Added:
    Oct 22, 2025
    Days on Market:
    161
    Last Refresh:
    Mar 31 at 6:06 pm

    Property Features for 2400 Schoenersville Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    PUD
    Parking
    27
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    641941667139 1
    Size
    2,967 SF
    Lot size
    0.49 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    15958

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    2000
    Roof type
    Flat

    We can help!

    Listing Contact
    Jesse J. Chupella
    Jesse J. Chupella

    Listing agent Jesse J. Chupella

    Listing office Home Team Real Estate 52 Highland Ave, Ste B, Bethlehem, PA

    Listing date Oct 22, 2025

    MLS# 766876

    Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant on High-Traffic Road

    This is an excellent opportunity to acquire a reputable Italian restaurant that has been in business for over 25 years. The property is situated in a high-traffic, centralized location with high visibility on Schoenersville Road, which sees over 25,000 cars per day. It also offers easy accessibility to Route 22 from Airport and Schoenersville Roads. The location is central to LVIP Industrial Parks, ABE Airport, and LVHN Muhlenburg. The versatile floor plan provides seating for approximately 90 patrons. The property features separate entrances, offering the possibility to divide the space. A full basement includes two access points and a conveyor system. Parking is available for 27 vehicles, with ingress and egress to both Schoenersville Road and Grove Road. The property is zoned PUD and sits on a 0.487-acre lot. The building size is 2,967 square feet. This commercial property is located in Hanover Twp, Lehigh County, PA. The listing price includes the real estate, business, equipment, and furnishings. This property is suitable for restaurants, retail properties, and turn-key restaurant businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Moe's Southwest Grill — 3211 Schoenersville Rd, Bethlehem, PA 18017

    Location Insight

    • Map
    • Local Demand
    City
    Hanover Twp
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4206853
    Latitude
    40.6594754

    FAQs

    What type of property is this?
    Restaurant - Well-established Italian restaurant for sale in high-traffic location.
    Where is this restaurant located?
    The property is located at 2400 Schoenersville Road Hanover Twp, PA.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: Established Italian restaurant business included in the sale (real estate, business, equipment, & furnishings) with 25+ years of operation.; High‑traffic, centralized location with high visibility (25k+ cars per day) and easy access to Rt 22.; Versatile floor plan with seating for 90 and separate entrances offering potential to divide space.
    (610) 419-8888
    We can help!
    Listing Contact
    Jesse J. Chupella
    Jesse J. Chupella
    Learn More
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    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
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