Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 South Union Street Middletown, PA 17057

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Equipped restaurant with seating for 200 near PSU Harrisburg.

    Type:Retail
    Property size:
    15,000 SF
    Added:
    Jan 27, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 25 at 8:43 pm

    Property Features for 1 South Union Street

    General Information

    Standard status
    Active
    Size
    15,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1910

    Spaces For Lease

    at 1 South Union Street Contact us

    We can help!

    Listing Contact
    Nik Sgagias
    Nik Sgagias

    Listing agent Nik Sgagias License #PA #AB069294

    Listing office NAI CIR | Lemoyne

    Listing date Jan 27, 2026

    Source Circommercial

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI CIR | Lemoyne

    Overview

    Turnkey Restaurant Opportunity in Middletown

    This commercial property, located in Downtown Middletown, PA, offers approximately 5,000 square feet of flexible space. The property features a full-service restaurant with seating for up to 200 guests, suitable for dining, events, and beverage production. The restaurant equipment is included, presenting a turnkey opportunity for entrepreneurs or investors. The property is centrally located in Middletown, PA, less than one mile from Penn State University - Harrisburg Campus and 2.5 miles from Harrisburg International Airport, with quick access to Interstate 83 and the Pennsylvania Turnpike. The property size is 15,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Macri's Homestyle Catering — 100 Brown St, Middletown, PA 17057

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.7314
    Latitude
    40.1956

    Nearby Similar for Lease

    • $17/mo

      Middletown Office Space For Rent

      13,008 SF office space ideal for medical, education, engineering.
      4000 Vine St, Middletown, PA
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office suites for lease with convenient regional access.
      1801 Oberlin Road, Middletown, PA 17057
      View Details
    • Contact for pricing

      Equipped Restaurant Space For Lease

      Turn-key restaurant space with seating for 200 guests.
      1 South Union Street, Middletown, PA 17057
      View Details
    • $19/mo

      New Commercial Spaces in Middletown

      New commercial spaces for restaurants, medical, or professional offices.
      Walden Way, Middletown, PA 17057
      View Details
    • $83/mo

      Flex Warehouse in Stoneridge Park

      Build-to-suit flex warehouse project in established business park.
      Park Dr L3, Middletown, PA
      View Details
    • $7/mo

      High Bay Warehouse Space Available

      Well-located warehouse for last mile delivery needs, available Q2 2022.
      310 Fulling Mill Rd, Middletown, PA
      View Details
    • $8/mo

      Climate Controlled Warehouse Near Turnpike

      Climate-controlled warehouse with easy access to major transportation corridors.
      1501 Fulling Mill Rd, Middletown, PA
      View Details
    • Contact for pricing

      Distribution Warehouse in Central PA

      Renovated distribution warehouse with convenient access to transportation hubs.
      500 Industrial Lane, Middletown, PA, 17057
      View Details
    • $4/mo

      Rail-Served Industrial Complex For Lease

      430,000 SF industrial complex with rail access and security.
      532 E Emaus St, Middletown, PA
      View Details
    • Contact for pricing

      High Bay Industrial Complex

      Multi-tenant industrial complex with flexible design and abundant loading docks.
      1011 Aip Drive, Middletown, PA
      View Details
    • Contact for pricing

      New Class-A Warehouse For Lease

      New construction 54,800 SF warehouse in Capital Valley Business Park.
      Kreider Dr, Middletown, PA
      View Details
    • Contact for pricing

      Retail Space Near Giant Food

      Community center anchored by Giant Food, high visibility, great accessibility.
      428-444 E Main St, Middletown, PA
      View Details

    FAQs

    What type of property is this?
    Restaurant - Equipped restaurant with seating for 200 near PSU Harrisburg.
    Where is this restaurant located?
    The property is located at 1 South Union Street Middletown, PA.
    What are key features of this property?
    This property features: Fully equipped, turn‑key restaurant space ready for immediate operation.; High‑capacity seating for up to 200 guests, suitable for large events.; Strategic location in Downtown Middletown, PA.
    (717) 761-5070
    We can help!
    Listing Contact
    Nik Sgagias
    Nik Sgagias
    Real Estate License ID: PA #AB069294
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!