Two Subway Restaurant
For Sale
$260,000
Pending
114 E Allegheny St, Martinsburg, PA 16662
Includes a Martinsburg restaurant property and a second leased unit inside Walmart in East Freedom.
Property Size1,900 SF
Days on Market63
Property Features for 114 E Allegheny St
General Information
Standard status
Pending
Size
1,900 SF
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$2,846
Listing Agency:
Keller Williams Flagship
Listed By:
Jared Weaver · License #RS378667
(717) 205-6127
Source:
Exprealty
Added: Aug 13
Changed: Oct 7
Last Checked: Oct 13 at 2:22AM
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 Keller Williams Flagship
Investment Insights
Based on property information with market context.
This offering combines two Subway franchise operations with restaurant equipment, fixtures, furnishings, and related business assets. The Martinsburg location includes the commercial real estate at 114 E. Allegheny Street and contains 1,900 square feet. Inventory may also be available at closing.
The second restaurant operates from a leased space inside Walmart in East Freedom, Pennsylvania, and conveys with its equipment, furnishings, fixtures, and business assets. Both locations are currently closed. Transfer requires approval from Subway, and the buyer must satisfy the franchisor’s ownership requirements. The East Freedom operation remains subject to its existing lease. Seller assistance with reopening coordination, including potential employee and management returns, is available.
The second restaurant operates from a leased space inside Walmart in East Freedom, Pennsylvania, and conveys with its equipment, furnishings, fixtures, and business assets. Both locations are currently closed. Transfer requires approval from Subway, and the buyer must satisfy the franchisor’s ownership requirements. The East Freedom operation remains subject to its existing lease. Seller assistance with reopening coordination, including potential employee and management returns, is available.
Key Highlights
- Two Subway franchise locations offered in one transaction
- Martinsburg commercial property includes 1,900 square feet at 114 E. Allegheny Street
- Second location is inside Walmart in East Freedom, PA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,131
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,620
$382.6K
Cap Rate 7%
$273,300
$273.3K
Cap Rate 9%
$212,567
$212.6K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$28.5K $15.00/SF
− Vacancy
−$3.0K −$1.58/SF
EGI
$25.5K $13.43/SF
− OpEx
−$6.4K −$3.36/SF
NOI
$19.1K $10.07/SF
Area
Blair County, PA
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,620
Cap Rate 7%
$273,300
Cap Rate 9%
$212,567
Alternative Uses
Best Use
Specialty Retail
$273.3K
$239.1K – $318.9K
NOI $19,131 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.31M
$2.02M – $2.69M
NOI $161,542 @ 7.0% cap · market cap 62.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
173
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16662, PA
5,574
Population
2,338
Households
2.4
Avg Household Size
49
Median Age
21%
College-Educated
90%
High-School Grad
53.8 sq mi
ZIP Area
104
Density / Sq Mi
$70,861
Median Household Income
$41,849
Median Earnings
$855
Median Rent
$212,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes a Martinsburg restaurant property and a second leased unit inside Walmart in East Freedom.
Where is this conventional restaurant located?
The property is located at 114 E Allegheny St Martinsburg, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two Subway franchise locations offered in one transaction; Martinsburg commercial property includes 1,900 square feet at 114 E. Allegheny Street; Second location is inside Walmart in East Freedom, PA
