Bar and Pub with Rental
For Sale
$550,000
5800 Route 115, Blakeslee, PA 18610
Commercial Sale, Blakeslee, PA
Property Size2,532 SF
Lot Size1.00 Acre
Price / SF$217.22
Days on Market349
Property Features for 5800 Route 115
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Elementary school district
Pocono Mountain
Middle school district
Pocono Mountain
High school district
Pocono Mountain
Subdivision
Tobyhanna Township
Standard status
Active
APN
19.19.1.46
Size
2,532 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7373
Utilities
Sewer type
Public Sewer
Water source
Well
Building Details
Year built
1923
Floors in Building
1
Listing Agency:
SER Commercial Real Estate, LLC
(570) 431-7400
Listed By:
Brian K Coyne · License #AB068391
(570) 350-3106
Added: Sep 26, 2025
Changed: Aug 21
Last Checked: Sep 9 at 5:06AM
MLS# PM-136047
Copyright © 2026 Pocono Mountains 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 2,532-square-foot hospitality property combines a bar, dining operation, and six rental rooms within a 1923 building on 1 acre. The bar accommodates 24 guests, while the dining room seats 28. Furniture, fixtures, and equipment convey with the sale, along with a hotel liquor license.
The property is located at 5800 Route 115 in Blakeslee, near Pocono Raceway, Jack Frost/Big Boulder ski areas, Split Rock Resort, Lake Naomi, Locust Lake, Arrowhead Lake, and nearby residential development. Water service is provided by a well, and the property has public sewer.
The existing configuration supports food and beverage operations alongside room rentals. The rooms can be offered on daily, weekly, monthly, or combined terms, as stated in the property information.
The property is located at 5800 Route 115 in Blakeslee, near Pocono Raceway, Jack Frost/Big Boulder ski areas, Split Rock Resort, Lake Naomi, Locust Lake, Arrowhead Lake, and nearby residential development. Water service is provided by a well, and the property has public sewer.
The existing configuration supports food and beverage operations alongside room rentals. The rooms can be offered on daily, weekly, monthly, or combined terms, as stated in the property information.
Key Highlights
- Six existing rental rooms within a 2,532‑square‑foot hospitality property
- Bar seating for 24 and dining room capacity for 28
- Hotel liquor license, furniture, fixtures, and equipment included
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
$32,815
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
5.97%
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%
$656,300
$656.3K
Cap Rate 7%
$468,786
$468.8K
Cap Rate 9%
$364,611
$364.6K
Market Conditions
NOI Build-Up for 2,532 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
$45.6K $18.00/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$43.8K $17.28/SF
− OpEx
−$10.9K −$4.32/SF
NOI
$32.8K $12.96/SF
Area
Monroe County, PA
Vacancy
4.00%
Lease Rate
$18.00 /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%
$656,300
Cap Rate 7%
$468,786
Cap Rate 9%
$364,611
Alternative Uses
Best Use
Specialty Retail
$468.8K
$410.2K – $546.9K
NOI $32,815 @ 7.0% cap · market cap 5.97%
Second Best
Hotel Hospitality
$278.3K
$243.6K – $324.7K
NOI $19,484 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$757.9K
$663.1K – $884.2K
NOI $53,050 @ 7.0% cap · market cap 9.65%
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
116
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18610, PA
4,810
Population
2,117
Households
2.3
Avg Household Size
45
Median Age
27%
College-Educated
89%
High-School Grad
33.1 sq mi
ZIP Area
145
Density / Sq Mi
$64,875
Median Household Income
$32,467
Median Earnings
$1,491
Median Rent
$222,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Da's Pub — 5800 PA-115, Blakeslee, PA 18610
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established food-and-beverage property with six existing rooms, dining space, bar seating, and a hotel liquor license.
Where is this bar & pub located?
The property is located at 5800 Route 115 Blakeslee, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Six existing rental rooms within a 2,532‑square‑foot hospitality property; Bar seating for 24 and dining room capacity for 28; Hotel liquor license, furniture, fixtures, and equipment included
