Equipped Restaurant With Party
For Sale
$429,000
11 Pennsylvania Avenue, Pen Argyl, PA 18072
CommercialSale, Pen Argyl Boro, PA
Property Size2,523 SF
Lot Size0.09 Acres
Price / SF$170.04
Days on Market93
Property Features for 11 Pennsylvania Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
25GB
Parking
4
Parking features
Off Street, Parking Lot, On Street
Elementary school district
Pen Argyl
Middle school district
Pen Argyl
High school district
Pen Argyl
Directions
ollow US-22 E and PA-33 N to PA-512 N/E Moorestown Rd in Plainfield Township. Take the PA-512 N exit from PA-33 N 26 min (25.7 mi) Drive to PA-512 N/Pennsylvania Ave in Pen Argyl property is on Left
Subdivision
Pen Argyl
Standard status
Active
APN
E8NE2A 34 2 0625
Size
2,523 SF
Lot size
0.09 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
4415
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Ceiling Fan(s), Central Air, Zoned
Water source
Public
Building Details
Year built
1950
Number of units
1
Building materials
Brick, Block, Masonry, Concrete
Buildings
1
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Marina Gabunia · License #PA347078
(484) 201-9878
Added: Aug 4
Changed: Oct 23
Last Checked: Nov 4 at 9:06PM
MLS# 782081
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The restaurant business and real estate are offered together at 11 Pennsylvania Avenue in Pen Argyl Boro. The building includes an approximately 60-seat dining room, a 30-seat private party room, four restrooms, and second-floor living quarters. Commercial improvements include a 16-foot exhaust hood, pizza oven, dough mixer, walk-in cooler and freezer, three-compartment sink, and other cooking equipment. The property has brick, block, masonry, and concrete construction, along with updated flooring and renovated dining and seating areas.
The site has operated as a neighborhood restaurant for 45 years and is currently home to Tandoori Grill. Its W. Pennsylvania Avenue setting is surrounded by established businesses, including a bank and the United States Postal Service. Public water and public sewer serve the property, while recent building upgrades include central air conditioning. Zoning is 25GB, and parking is available through on-street, off-street, and parking-lot options.
The site has operated as a neighborhood restaurant for 45 years and is currently home to Tandoori Grill. Its W. Pennsylvania Avenue setting is surrounded by established businesses, including a bank and the United States Postal Service. Public water and public sewer serve the property, while recent building upgrades include central air conditioning. Zoning is 25GB, and parking is available through on-street, off-street, and parking-lot options.
Key Highlights
- Business and real estate included in the sale
- Approximately 60‑seat main dining room plus a 30‑seat private party room
- 16‑foot exhaust hood, pizza oven, dough mixer, and walk‑in cooler and freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,170
Cap Rate
6.10%
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 6.10%
Second Best
Industrial
$268.0K
$234.5K – $312.7K
NOI $18,759 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$478.5K
$418.7K – $558.3K
NOI $33,497 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
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
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale combines an operating restaurant business with commercial kitchen infrastructure and renovated customer areas.
Where is this conventional restaurant located?
The property is located at 11 Pennsylvania Avenue Pen Argyl, PA.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Business and real estate included in the sale; Approximately 60‑seat main dining room plus a 30‑seat private party room; 16‑foot exhaust hood, pizza oven, dough mixer, and walk‑in cooler and freezer
