Building Details

Year built 1920

Listing Agency: Fish Real Estate Show Phone

Listed By: Brent Fish · License #RM420632 Show Phone

Added: Jan 22 Changed: Aug 4 Last Checked: Aug 29 at 2:06PM

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MLS# 31727219

Copyright © 2026 Northern Mountains of Pennsylvania MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Bar and restaurant property on a 0.15-acre lot, offered with a long-established operating business and the included liquor license. The building contains a private, lower-level banquet room for events, along with two second-floor apartments that generate additional rental income.

The property is located at 1120 Allegheny Street in Jersey Shore, Pennsylvania. Built in 1920, the space is supported with multiple bathrooms, including Bathroom 1 through Bathroom 4, for guest and resident use. The overall property size is 3,537 square feet.

This is a ready-to-operate setup combining restaurant and bar space with an event-ready private banquet area and on-site residential rental units.

Key Highlights

• 0.15‑acre lot with 3,537 SF bar and restaurant building
• Private, lower‑level banquet room for events
• Included liquor license with the business and property

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$28,857

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.02%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$577,140 $577.1K

Cap Rate 7%

$412,243 $412.2K

Cap Rate 9%

$320,633 $320.6K

Market Conditions

NOI Build-Up for 3,537 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$44.6K $12.60/SF

− Vacancy

−$3.3K −$0.95/SF

EGI

$41.2K $11.66/SF

− OpEx

−$12.4K −$3.50/SF

NOI

$28.9K $8.16/SF

Area

Lycoming County, PA

Vacancy

7.50%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$577,140

Cap Rate 7%

$412,243

Cap Rate 9%

$320,633

Alternative Uses

Best Use

Specialty Retail

$651.4K

$570.0K – $760.0K (±1% cap)

NOI $45,601 @ 7.0% cap · market cap 12.67%

Second Best

Multifamily LT 5

$412.2K

$360.7K – $481.0K (±1% cap)

NOI $28,857 @ 7.0% cap · market cap 8.02%

Theoretical Best

Office A

$762.2K

$667.0K – $889.3K (±1% cap)

NOI $53,357 @ 7.0% cap · market cap 14.83%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Tiadaghton Inn Bar & Pub

Suggested Use

Top Pick Real Estate Agency Electrical Service Dental Office Grocery & Convenience Store Bakery Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Turnkey business

Opportunity

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar For Sale Nearby

Bar and Restaurant with Apartments

1120 Allegheny St, Jersey Shore, PA 17740

$359,900

2,176 SF

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Restaurant with Liquor License

206 E Central Ave, Jersey Shore, PA 17740

Contact for pricing

3,200 SF

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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 with a private lower-level banquet room plus two second-floor apartments generating rental income.

Where is this bar & pub located?

The property is located at 1120 Allegheny Street 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: 0.15‑acre lot with 3,537 SF bar and restaurant building; Private, lower‑level banquet room for events; Included liquor license with the business and property