Bar and Restaurant with
For Sale
$359,900
1120 Allegheny St, Jersey Shore, PA 17740
Bar and restaurant includes a private lower-level banquet room and two second-floor rental apartments.
Property Size2,176 SF
Price / SF$165.40
Days on Market94
Property Features for 1120 Allegheny St
General Information
Standard status
Active
Size
2,176 SF
Additional Details
Business Included
Yes
Liquor License
Yes
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Fish Real Estate, Inc.
Listed By:
Brent Fish · License #RM420632
(570) 326-1561
Source:
Selltheshore
Added: Jul 20
Changed: Oct 16
Last Checked: Oct 7 at 3:50PM
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 Fish Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This for-sale bar and restaurant offers a ready-to-operate setup together with income-producing residential space. The property includes a private, lower-level banquet room for hosting events, plus two second-floor apartments that generate additional rental income. The offering is presented as an ongoing business and includes the established business and maintained real estate, along with a liquor license.
The property is located at 1120 Allegheny St in Jersey Shore, Pennsylvania. It is being offered with the business and supporting property features intended for continued operations.
The overall configuration combines hospitality space with two separate second-floor residential units, providing both an on-site entertainment and service component and additional rental revenue from the apartments.
The property is located at 1120 Allegheny St in Jersey Shore, Pennsylvania. It is being offered with the business and supporting property features intended for continued operations.
The overall configuration combines hospitality space with two separate second-floor residential units, providing both an on-site entertainment and service component and additional rental revenue from the apartments.
Key Highlights
- Bar/restaurant with a private lower‑level banquet room for events
- Includes two second‑floor rental apartments that generate additional rental income
- Family‑owned bar/restaurant for over 25 years with an established reputation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,054
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,080
$561.1K
Cap Rate 7%
$400,771
$400.8K
Cap Rate 9%
$311,711
$311.7K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$39.2K $18.00/SF
− Vacancy
−$1.8K −$0.81/SF
EGI
$37.4K $17.19/SF
− OpEx
−$9.4K −$4.30/SF
NOI
$28.1K $12.89/SF
Area
Lycoming County, PA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,080
Cap Rate 7%
$400,771
Cap Rate 9%
$311,711
Alternative Uses
Best Use
Specialty Retail
$400.8K
$350.7K – $467.6K
NOI $28,054 @ 7.0% cap · market cap 7.79%
Second Best
Multifamily LT 5
$253.6K
$221.9K – $295.9K
NOI $17,753 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$468.9K
$410.3K – $547.1K
NOI $32,826 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17740, PA
12,371
Population
5,041
Households
2.5
Avg Household Size
42
Median Age
21%
College-Educated
92%
High-School Grad
136.1 sq mi
ZIP Area
91
Density / Sq Mi
$71,000
Median Household Income
$43,985
Median Earnings
$855
Median Rent
$182,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Similar Off Market Nearby
- Tiadaghton Inn — 1120 Allegheny St, Jersey Shore, PA 17740
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar and restaurant includes a private lower-level banquet room and two second-floor rental apartments.
Where is this bar & pub located?
The property is located at 1120 Allegheny St Jersey Shore, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Bar/restaurant with a private lower‑level banquet room for events; Includes two second‑floor rental apartments that generate additional rental income; Family‑owned bar/restaurant for over 25 years with an established reputation
