Deli Restaurant with Business
117 Richardson Avenue, Shohola, PA 18458
For Sale
New
$499,000
Commercial Sale, Shohola, PA
Property Size1,831 SF
Lot Size1.23 Acres
Price / SF$272.53
Days on Market2
Property Features for 117 Richardson Avenue
General Information
Property type
Property subtype
Rooms
Parking features
Basement
Lot features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Flooring type
Roof type
Listing Agency:
Payne Team Real Estate
(845) 456-0107
Listed By:
Dawn Payne
(845) 649-1720
Added: Nov 9
Last Checked: Nov 10 at 8:06AM
MLS# PW-263866
Copyright © 2026 Pike/Wayne Association of Realtors MLS. 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.
Configured for deli service, this restaurant property is offered with the business, equipment, and furnishings. The building contains approximately 1,831 square feet above grade, a full walk-out basement, and original hardwood flooring. A detached two-car garage is also on the 1.23-acre parcel. The residence-turned-deli dates to 1941 and has a newer roof.
The property is within walking distance of town and a short distance from the Delaware River. Lake Wallenpaupack and outdoor recreation are also a short drive away.
The property is within walking distance of town and a short distance from the Delaware River. Lake Wallenpaupack and outdoor recreation are also a short drive away.
Key Highlights
- Operating deli business, equipment, furnishings, and real estate included
- 1.23‑acre parcel with approximately 1,831 square feet of above‑grade space
- Full walk‑out basement and detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,949
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,980
$439.0K
Cap Rate 7%
$313,557
$313.6K
Cap Rate 9%
$243,878
$243.9K
Market Conditions
NOI Build-Up for 1,831 SF
Gross rent
$31.2K $17.04/SF
− Vacancy
−$1.9K −$1.06/SF
EGI
$29.3K $15.98/SF
− OpEx
−$7.3K −$4.00/SF
NOI
$21.9K $11.99/SF
Area
Pike County, PA
Vacancy
6.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,980
Cap Rate 7%
$313,557
Cap Rate 9%
$243,878
Alternative Uses
Best Use
Specialty Retail
$313.6K
$274.4K – $365.8K
NOI $21,949 @ 7.0% cap · market cap 4.40%
Second Best
Retail
$245.8K
$215.1K – $286.8K
NOI $17,207 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$446.8K
$391.0K – $521.3K
NOI $31,278 @ 7.0% cap · market cap 6.27%
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
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18458, PA
3,092
Population
2,853
Households
1.1
Avg Household Size
51
Median Age
28%
College-Educated
93%
High-School Grad
55.1 sq mi
ZIP Area
56
Density / Sq Mi
$87,857
Median Household Income
$41,867
Median Earnings
$1,320
Median Rent
$262,800
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale encompasses the operating deli, its equipment and furnishings, and the real estate.
Where is this conventional restaurant located?
The property is located at 117 Richardson Avenue Shohola, 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: Operating deli business, equipment, furnishings, and real estate included; 1.23‑acre parcel with approximately 1,831 square feet of above‑grade space; Full walk‑out basement and detached two‑car garage
