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    984 Sherman Ct Hazleton, PA 18201

    Sponsored
    For Sale
    $284,900

    Established eatery, high NOI, owner financing.

    Property size:
    1,800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 1,800 square foot restaurant located at 984 N Sherman Ct, Hazleton, PA, presents a rare turnkey opportunity for a savvy investor. Situated on a generous 1.62-acre lot, this well-established business has thrived for 18 years, demonstrating resilience through economic fluctuations, including the recent pandemic. Its proven success is attributed to a popular menu and a loyal customer base, consistently attracting a significant number of diners weekly. The restaurant's operational model effectively balances in-person dining with a robust takeout service, mitigating reliance on any single revenue stream. The spacious interior comfortably seats approximately 50 patrons. The strong net operating income (NOI) underscores the profitability and stability of this established business. A significant advantage for qualified buyers is the owner's willingness to offer financing, making this an accessible and attractive investment prospect in the Hazleton area. The property's size and location offer potential for expansion or adaptation to meet evolving market demands. This is a unique chance to acquire a profitable, established restaurant with a proven track record and significant upside potential.

    Property Features for 984 Sherman Ct

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,800 SF
    Lot Size
    70,567 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hazleton
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.97892
    Latitude
    40.97258

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    FAQs

    What type of property is this?
    Commercial real estate - Established eatery, high NOI, owner financing.
    Where is this commercial real estate located?
    The property is located at 984 Sherman Ct Hazleton, PA.
    What is the asking price?
    The asking price for this property is $284,900.
    (570) 203-2988
    Request Owner's contact information
    984 Sherman Ct Hazleton, PA 18201
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    Hazleton, PA 18201
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    Realmo Value Estimation

    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.

    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.

    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
    984 Sherman Ct Hazleton, PA 18201
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