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    117 Main St Hallstead, PA 18822

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    For Sale
    $499,000

    Turnkey restaurant and bar with liquor license near I-81.

    Type:Retail
    Property size:
    7,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    131
    Last Refresh:
    Mar 30 at 12:22 am

    Property Features for 117 Main St

    General Information

    Standard status
    Active
    Size
    7,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Scott Warren, CCIM
    Scott Warren, CCIM

    Listing agent Scott Warren, CCIM License #NY #10491212432

    Listing office KW Commercial

    Listing date Nov 21, 2025

    Source Svn

    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 KW Commercial

    Overview

    Established Restaurant and Bar for Sale

    Offered for sale is a well-established restaurant and bar that has served the Hallstead and Great Bend communities for over two decades. The property sits on a prominent corner parcel along State Route 11, offering excellent visibility and access just one mile from the I-81 Great Bend exit. The building, fully renovated in 1999, features 3-phase, 400-amp electric service, a backup generator for the entire building, and separate dining and lounge areas. This turnkey sale includes all equipment and a Pennsylvania liquor license. The property benefits from strong visibility and accessibility along State Route 11, a key connector between Pennsylvania and New York. The site is within one mile of Interstate 81, the primary route between Binghamton and Scranton, and draws steady daily traffic from commuters, visitors, and locals. The nearby Aaronic Priesthood Restoration Site attracts hundreds of thousands of annual visitors, supporting demand for local food and beverage establishments. The property is one of the few along Route 11 that has never experienced flooding, adding to its long-term stability and investment appeal. The property has been in business for 26 consecutive years and has a property size of 7000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Big Box & Wholesale Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Maloney's — 417 Main St, Hallstead, PA 18822

    Location Insight

    • Map
    • Local Demand
    City
    Hallstead
    County
    Susquehanna
    State
    Pennsylvania
    Longitude
    -75.7437
    Latitude
    41.9579

    Nearby Similar for Sale

    • $499,000
      3,360 SF

      Hallstead Commercial Property on Route 11

      3400 SF commercial building with high visibility and large parking.
      613 Main Street, Hallstead, PA 18822
      View Details
    • $124,900
      2,280 SF

      Hallstead Office Building Near Route 81

      Updated office building near Route 81 with finished and unfinished space.
      705-709 Main Street, Hallstead, PA 18822
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Turnkey restaurant and bar with liquor license near I-81.
    Where is this bar & pub located?
    The property is located at 117 Main St Hallstead, PA.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Turnkey restaurant and bar with Pennsylvania liquor license included.; Prime corner location on State Route 11, ensuring high visibility and accessibility.; Fully renovated building with complete equipment package.
    (607) 621-0439
    We can help!
    Listing Contact
    Scott Warren, CCIM
    Scott Warren, CCIM
    Real Estate License ID: NY #10491212432
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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