Furnished Restaurant with Party
New
For Sale
Contact for pricing
11-13 W Pennsylvania Ave, Pen Argyl, PA 18072
Updated dining space includes separate seating areas for regular service and private gatherings.
Property Size2,523 SF
Price / SF$169.64
Days on Market4
Property Features for 11-13 W Pennsylvania Ave
General Information
Standard status
Active
Size
2,523 SF
Property subtype
RETAIL
Additional Details
Furnished
Yes
Currently Operating
Yes
Listing Agency:
Hanna Commercial Real Estate | Lehigh Valley, PA
(610) 398-0411
Listed By:
Marina Gabunia · License #PA347078
(484) 201-9878
Source:
Moodyscre
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 6:48PM
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 Hanna Commercial Real Estate | Lehigh Valley, PA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This furnished restaurant occupies 2,523 square feet and includes a main dining room with seating for 60, along with a private party room that accommodates 30. The space is currently operating as Tandoori Grill, serving Indian, European and Italian cuisine. New central air conditioning and additional updates are in place.
Key Highlights
- 2,523 square feet of furnished restaurant space
- Main dining room seats 60
- Private party room accommodates 30
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,170
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,400
$523.4K
Cap Rate 7%
$373,857
$373.9K
Cap Rate 9%
$290,778
$290.8K
Market Conditions
NOI Build-Up for 2,523 SF
Gross rent
$37.8K $15.00/SF
− Vacancy
−$3.0K −$1.17/SF
EGI
$34.9K $13.83/SF
− OpEx
−$8.7K −$3.46/SF
NOI
$26.2K $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 Rate 5%
$523,400
Cap Rate 7%
$373,857
Cap Rate 9%
$290,778
Alternative Uses
Best Use
Specialty Retail
$373.9K
$327.1K – $436.2K
NOI $26,170 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.5K
$418.7K – $558.3K
NOI $33,497 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Beauty & Spa 9%
Turkey Hill Minit Market
Shops & Services
6,863 visits/mo
0.3 miles
Holiday Hair
Beauty & Spa
673 visits/mo
0.2 miles
Demographics for 18072, PA
6,734
Population
2,779
Households
2.4
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
452
Density / Sq Mi
$79,067
Median Household Income
$41,056
Median Earnings
$1,525
Median Rent
$244,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated dining space includes separate seating areas for regular service and private gatherings.
Where is this conventional restaurant located?
The property is located at 11-13 W Pennsylvania Ave Pen Argyl, PA.
What is the asking price?
The asking price for this property is $428,000.
What are key features of this property?
This property features: 2,523 square feet of furnished restaurant space; Main dining room seats 60; Private party room accommodates 30
