Turnkey Restaurant & Bar
For Sale
$1,350,000
1028 Broadway, Fountain Hill, PA 18015
Fully renovated turnkey restaurant/bar with three bar areas, commercial kitchen, and outdoor entertaining spaces.
Property Size4,130 SF
Price / SF$326.88
Days on Market49
Property Features for 1028 Broadway
General Information
Standard status
Active
Size
4,130 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
I-Do Real Estate
Listed By:
Mario Peralta
(484) 633-8028
Source:
Poconohomessearch
Added: Jul 26
Changed: Sep 10
Last Checked: Sep 11 at 11:49AM
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 I-Do Real Estate
Investment Insights
Based on property information with market context.
Fully renovated and turnkey commercial property designed for hospitality operations, featuring three separate bar areas and a fully equipped commercial kitchen with deep fryers. The venue also includes two outdoor entertaining spaces with permitted outdoor smoking areas, along with a private manager’s office with a safe. A convenient side entrance provides direct access to the upstairs outdoor space. Off-street parking is available, with potential for additional parking, and a liquor license is available.
Located at 1028 Broadway in the heart of Fountain Hill’s prime business district, the property is presented as a high-visibility option for restaurant, bar, lounge, or event use ready for immediate operation.
Located at 1028 Broadway in the heart of Fountain Hill’s prime business district, the property is presented as a high-visibility option for restaurant, bar, lounge, or event use ready for immediate operation.
Key Highlights
- Fully renovated turnkey commercial property in Fountain Hill’s business district
- Features three separate bar areas plus a fully equipped commercial kitchen with deep fryers
- Includes two outdoor entertaining spaces with permitted outdoor smoking areas
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
$42,838
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
3.17%
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%
$856,760
$856.8K
Cap Rate 7%
$611,971
$612.0K
Cap Rate 9%
$475,978
$476.0K
Market Conditions
NOI Build-Up for 4,130 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
$62.0K $15.00/SF
− Vacancy
−$4.8K −$1.17/SF
EGI
$57.1K $13.83/SF
− OpEx
−$14.3K −$3.46/SF
NOI
$42.8K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
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%
$856,760
Cap Rate 7%
$611,971
Cap Rate 9%
$475,978
Alternative Uses
Best Use
Specialty Retail
$612.0K
$535.5K – $714.0K
NOI $42,838 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$783.3K
$685.4K – $913.9K
NOI $54,833 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 28%
McDonald's
Dining
23,780 visits/mo
0.5 miles
TD Bank
Shops & Services
6,181 visits/mo
0.4 miles
AutoZone
Shops & Services
2,935 visits/mo
0.4 miles
Demographics for 18015, PA
33,286
Population
12,867
Households
2.6
Avg Household Size
32
Median Age
31%
College-Educated
87%
High-School Grad
23.2 sq mi
ZIP Area
1,435
Density / Sq Mi
$58,470
Median Household Income
$32,703
Median Earnings
$1,310
Median Rent
$243,100
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 - Fully renovated turnkey restaurant/bar with three bar areas, commercial kitchen, and outdoor entertaining spaces.
Where is this conventional restaurant located?
The property is located at 1028 Broadway Fountain Hill, PA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully renovated turnkey commercial property in Fountain Hill’s business district; Features three separate bar areas plus a fully equipped commercial kitchen with deep fryers; Includes two outdoor entertaining spaces with permitted outdoor smoking areas
