Turnkey Restaurant with Catering
For Sale
$700,000
411 Chestnut Street, Dunmore, PA 18512
COMMERCIAL - Dunmore, PA
Property Size3,900 SF
Lot Size0.33 Acres
Price / SF$179.49
Days on Market224
Property Features for 411 Chestnut Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Parking features
Parking Lot
Fencing
Privacy
Elementary school district
Dunmore
Middle school district
Dunmore
High school district
Dunmore
Directions
From Drinker St turn onto Chestnut St. Property will be on the left side
Standard status
Active
APN
14616010065
Size
3,900 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
177X74x114x154 W-02 B-0060 L-0010 P-00100
Tax Annual Amount
5274
Legal Description
177X74x114x154 W-02 B-0060 L-0010 P-00100
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Roof type
Composition, Shingle
Listing Agency:
C21 Jack Ruddy Real Estate · Century 21 Real Estate
(570) 344-6724
Listed By:
Aaron Pierce · License #RS328091
(570) 507-0566
Added: Dec 29, 2025
Changed: Aug 4
Last Checked: Aug 10 at 1:06AM
MLS# SC256400
Copyright © 2026 Greater Scranton Board 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.
Investment Insights
Based on property information with market context.
A turnkey conventional restaurant, bar, and catering business for sale, with included owned bar equipment, kitchen equipment, furnishings, and liquor license. The interior features a fully equipped chefs kitchen with extra prep space for catering, plus a large bar with an 18 tap keg system. The property also offers indoor seating and year-round outdoor seating.
The building was constructed in 1940 and includes a spacious second-floor apartment for additional income. An ample parking lot is provided on-site. An adjoining 80'x114' lot is included, and the property is fenced with privacy fencing.
Roofing consists of shingle and composition materials. Zoning is C1. All information and measurements are approximate and not warranted or guaranteed.
The building was constructed in 1940 and includes a spacious second-floor apartment for additional income. An ample parking lot is provided on-site. An adjoining 80'x114' lot is included, and the property is fenced with privacy fencing.
Roofing consists of shingle and composition materials. Zoning is C1. All information and measurements are approximate and not warranted or guaranteed.
Key Highlights
- Turnkey restaurant, bar, and catering business sale with included liquor license
- Fully equipped chefs kitchen with extra prep space for catering
- Large bar with 18 tap keg system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,032
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$840,640
$840.6K
Cap Rate 7%
$600,457
$600.5K
Cap Rate 9%
$467,022
$467.0K
Market Conditions
NOI Build-Up for 3,900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.5K $15.00/SF
− Vacancy
−$2.5K −$0.63/SF
EGI
$56.0K $14.37/SF
− OpEx
−$14.0K −$3.59/SF
NOI
$42.0K $10.78/SF
Area
Lackawanna 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$840,640
Cap Rate 7%
$600,457
Cap Rate 9%
$467,022
Alternative Uses
Best Use
Specialty Retail
$600.5K
$525.4K – $700.5K
NOI $42,032 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$989.9K
$866.2K – $1.15M
NOI $69,292 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 16%
Electronics 9%
Turkey Hill Minit Market
Shops & Services
10,469 visits/mo
0.4 miles
The UPS Store
Shops & Services
6,944 visits/mo
0.4 miles
Pizza Hut
Dining
4,726 visits/mo
0.4 miles
Exxon
Shops & Services
4,263 visits/mo
0.5 miles
AT&T
Electronics
1,583 visits/mo
0.4 miles
Demographics for 18512, PA
12,081
Population
6,272
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,069
Density / Sq Mi
$63,097
Median Household Income
$43,249
Median Earnings
$927
Median Rent
$173,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Conventional restaurant in C1 zoning with a fully equipped chefs kitchen, catering prep space, liquor license, and parking lot.
Where is this conventional restaurant located?
The property is located at 411 Chestnut Street Dunmore, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Turnkey restaurant, bar, and catering business sale with included liquor license; Fully equipped chefs kitchen with extra prep space for catering; Large bar with 18 tap keg system
