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    1311 Rt 507 Greentown, PA 18426

    Sponsored
    For Sale
    $395,000

    Prime Location, Fully Equipped, High Visibility

    Property size:
    1,754 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional turnkey restaurant, located at 1311 Rt 507 in Greentown, PA, presents a rare opportunity for immediate business operation. Situated on a spacious 2.14-acre lot, this property offers significant expansion potential with no zoning restrictions. The building encompasses 1,754 square feet and features a well-appointed interior with seating for 60 guests inside and over 70 outside. An outdoor bar adds to the property's appeal, perfect for creating a vibrant atmosphere. Ample parking is available, ensuring convenient access for patrons. The strategic location on busy Route 507, near I-84 exit 20, guarantees high visibility and accessibility. The property is fully equipped with all necessary furniture and appliances, allowing for a seamless transition into ownership. The expansive outdoor space provides ample room for additional seating and potential future development. The high-traffic location also presents the possibility of installing a digital billboard, offering a lucrative additional revenue stream. Priced at $395,000, this is a remarkable opportunity to acquire a thriving commercial property with significant upside potential. Don't miss this chance to own a well-established restaurant in a prime location.

    Property Features for 1311 Rt 507

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,754 SF
    Lot Size
    93,218 SF

    Building Details

    Year Built
    1972
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Greentown
    County
    Pike
    State
    Pennsylvania
    Longitude
    -75.30234
    Latitude
    41.35383

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Location, Fully Equipped, High Visibility
    Where is this commercial real estate located?
    The property is located at 1311 Rt 507 Greentown, PA.
    What is the asking price?
    The asking price for this property is $395,000.
    (570) 296-7717
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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
    1311 Rt 507 Greentown, PA 18426
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