Equipped Conventional
11 Pennsylvania Avenue, Pen Argyl, PA 18072
For Sale
$428,000
ResidentialIncome, Pen Argyl Boro, PA
Property Size2,523 SF
Lot Size0.09 Acres
Price / SF$169.64
Days on Market93
Property Features for 11 Pennsylvania Avenue
General Information
Property type
Property subtype
Zoning
Bathrooms
Half bathrooms
Rooms
Parking
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Marina Gabunia · License PA #347078
(484) 201-9878
Added: Aug 10
Changed: Oct 23
Last Checked: Nov 10 at 8:06PM
MLS# 782450
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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Investment Insights
Based on property information with market context.
This conventional restaurant property includes the real estate and operating business, with commercial infrastructure already installed for food service. The building features a 16-foot exhaust hood, pizza oven, dough mixer, walk-in cooler and freezer, three-compartment sink, commercial cooking equipment, and four restrooms. Dining accommodations include a main room for approximately 60 guests and a separate 30-seat private party room. The additional room can support events, catering, dining, office, or retail use. A second-floor living area has been renovated, along with flooring and dining areas. Central air conditioning, ceiling fans, electric and natural-gas heating, public water, and public sewer serve the property. Parking is available in a lot, off street, and on street. The property is located in Pen Argyl Borough, Pennsylvania, near established businesses including a bank and the United States Postal Service. The building was constructed in 1950 on a 0.092-acre lot and is zoned 25GB.
Key Highlights
- Operating restaurant business and real estate included
- 16‑foot exhaust hood, pizza oven, dough mixer, and walk‑in cooler and freezer
- Main dining room seats approximately 60 guests
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
Industrial
$268.0K
$234.5K – $312.7K
NOI $18,759 @ 7.0% cap · market cap 4.38%
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
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
246
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
0.4 miles
Holiday Hair
Beauty & Spa
673 visits/mo
0.4 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
$244,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Northampton County, PA
Properties on Market for Conventional restaurants in Northampton County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with installed commercial kitchen systems, dining areas, private event space, and included operating business.
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 $428,000.
What are key features of this property?
This property features: Operating restaurant business and real estate included; 16‑foot exhaust hood, pizza oven, dough mixer, and walk‑in cooler and freezer; Main dining room seats approximately 60 guests
