Restaurant and Sports
For Sale
$480,000
10 Lehigh Street, Summit Hill, PA 18250
CommercialSale, Summit Hill Boro, PA
Property Size1,148 SF
Lot Size0.45 Acres
Price / SF$418.12
Days on Market47
Property Features for 10 Lehigh Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
10
Parking features
Parking Lot
Exterior features
PropaneTankLeased
Elementary school district
Panther Valley
Middle school district
Panther Valley
High school district
Panther Valley
Directions
From Lehighton, 443 W to left on Mill Rd. Continue onto Laurel, right onto Pine, left onto Lehigh St. Property on left
Subdivision
Summit Hill
Standard status
Active
APN
123B-53-A6,7
Size
1,148 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Annual Amount
9933
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Propane (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1930
Number of units
2
Building materials
Brick, Stone
Roof type
Composition
Listing Agency:
Iron Valley R E Northeast
(610) 826-2232
Listed By:
Kristen L. Obert
(484) 223-8936
Added: Jul 31
Changed: Sep 5
Last Checked: Sep 15 at 3:06PM
MLS# 781643
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.
Investment Insights
Based on property information with market context.
This restaurant property combines a hospitality operation with an attached two-bedroom apartment. The main level includes a bar with a 10-tap draft system, indoor dining space, outdoor deck seating, commercial kitchen, walk-in freezer, office, storage room, and two public restrooms. Ductless mini-split systems provide heating and cooling, while the sale includes restaurant and bar equipment, fixtures, furnishings, and a Pennsylvania liquor license.
The property occupies a 0.45-acre corner lot with a detached storage garage and paved parking lot. Public water and public sewer serve the site. The residential apartment is leased and provides an additional income component alongside the restaurant use. The building was constructed in 1930 and features brick and stone construction with a composition roof.
The property occupies a 0.45-acre corner lot with a detached storage garage and paved parking lot. Public water and public sewer serve the site. The residential apartment is leased and provides an additional income component alongside the restaurant use. The building was constructed in 1930 and features brick and stone construction with a composition roof.
Key Highlights
- Restaurant and bar operation with Pennsylvania liquor license
- 10‑tap draft beer system, commercial kitchen, and walk‑in freezer
- Outdoor deck adds seasonal seating to the indoor dining area
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
$15,787
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
3.29%
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%
$315,740
$315.7K
Cap Rate 7%
$225,529
$225.5K
Cap Rate 9%
$175,411
$175.4K
Market Conditions
NOI Build-Up for 1,148 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
$22.0K $19.20/SF
− Vacancy
−$992 −$0.86/SF
EGI
$21.0K $18.34/SF
− OpEx
−$5.3K −$4.58/SF
NOI
$15.8K $13.75/SF
Area
Carbon County, PA
Vacancy
4.50%
Lease Rate
$19.20 /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%
$315,740
Cap Rate 7%
$225,529
Cap Rate 9%
$175,411
Alternative Uses
Best Use
Specialty Retail
$225.5K
$197.3K – $263.1K
NOI $15,787 @ 7.0% cap · market cap 3.29%
Second Best
Mixed Use
$160.1K
$140.1K – $186.8K
NOI $11,210 @ 7.0% cap · market cap 2.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
4,434 visits/mo
0.4 miles
Demographics for 18250, PA
3,046
Population
1,312
Households
2.3
Avg Household Size
43
Median Age
8%
College-Educated
94%
High-School Grad
10.5 sq mi
ZIP Area
290
Density / Sq Mi
$66,685
Median Household Income
$38,981
Median Earnings
$1,172
Median Rent
$99,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Operating hospitality property with a commercial kitchen, outdoor deck, liquor license, and separate residential apartment.
Where is this conventional restaurant located?
The property is located at 10 Lehigh Street Summit Hill, PA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Restaurant and bar operation with Pennsylvania liquor license; 10‑tap draft beer system, commercial kitchen, and walk‑in freezer; Outdoor deck adds seasonal seating to the indoor dining area
