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    298 Old Bowers Road Mertztown, PA 19539

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    For Lease
    $3,900 /Mo

    COMMERCIAL - Maxatawny Twp, PA

    Added:
    Feb 19, 2025
    Days on Market:
    442
    Last Refresh:
    May 7 at 5:06 am

    Property Features for 298 Old Bowers Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    63-5452-12-86-4785

    Taxes and HOA fees

    Tax Annual Amount
    7212

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Cooling system
    Window Unit(s), Ceiling Fan(s), Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1820
    Floors in Building
    3
    Building materials
    Brick, Frame, Masonry

    We can help!

    Listing Contact
    Doug Frederick
    Doug Frederick

    Listing agent Doug Frederick

    Listing office HowardHanna TheFrederickGroup 3500 Winchester Rd, Ste 201, Allentown, PA

    Listing date Feb 19, 2025

    MLS# 752629

    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.

    HighLights

    • Established restaurant, banquet, and full bar business with existing revenue stream.
    • Turnkey operation: updated, fully equipped kitchen and furnishings included.
    • Option to purchase the property after leasing.
    • Historic hotel with appealing decor.
    • Outdoor seating available, popular during peak season.
    • Additional space available for business expansion.

    Overview

    Established Restaurant Business For Lease

    This is an opportunity to take over an established restaurant business on a lease basis, with an option to purchase. The ongoing restaurant, banquet, and full bar service business has a current revenue stream. The property features an updated and fully equipped kitchen with all furnishings in place, presenting a turn-key operation. This historic hotel offers decor and an opportunity to introduce new ideas to continue to grow patronage. There is a balance from different venues in place and the property is approaching the season for popular outdoor seating along the perimeter of the hotel. Additional space is available for business ideas. This long-popular eating establishment is located in Maxatawny Twp, PA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Electrical Service Garden Center (Bike/Boat/Book/etc) Store Catering Service

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

    Similar Places Nearby

    • Janelle Restaurant & Catering Hall — 360 Fleetwood Rd, Mertztown, PA 19539

    Location Insight

    • Map
    • Local Demand
    City
    Mertztown
    County
    Berks
    State
    Pennsylvania
    Longitude
    -75.741563
    Latitude
    40.487628

    FAQs

    What type of property is this?
    Restaurant - Lease opportunity for a fully equipped, ongoing restaurant and bar.
    Where is this restaurant located?
    The property is located at 298 Old Bowers Road Mertztown, PA.
    What is the lease rate?
    The lease rate is $3,900 /Mo.
    What are key features of this property?
    This property features: Established restaurant, banquet, and full bar business with existing revenue stream.; Turnkey operation: **updated, fully equipped kitchen and furnishings included.**; Option to purchase the property after leasing.
    (610) 398-0411
    We can help!
    Listing Contact
    Doug Frederick
    Doug Frederick
    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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