Three-Building Bar and Restaurant
118 N CENTRE STREET, Pottsville, PA 17901
For Sale
New
$850,000
Three floors contain two operating bar and restaurant establishments, with additional potential for retail or apartment use.
Property Size11,277 SF
Price / SF$75.37
Days on Market5
Property Features for 118 N CENTRE STREET
General Information
Standard status
Size
Property subtype
Restaurant
Equipment Included
Liquor License
Additional Details
Asking Price
Sprinkler System
Currently Operating
Building Details
Year Built
Buildings
Stories
Listing Agency:
BHHS Homesale Realty - Schuylkill Haven
(570) 385-3456
Listed By:
Eric R Seitzinger · License #RS276999
(570) 617-1362
Source:
Cummingsrealtors
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 2:37PM
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 BHHS Homesale Realty - Schuylkill Haven
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises three buildings and 11,277 square feet across three floors. Two bar and restaurant establishments currently operate on the premises. Renovation work by the current owner has covered occupied floors, with kitchen, dining, and bar areas expanded. A sprinkler system serves the finished, occupied areas. The buildings date to 1850.
Parking options include a street-level public lot beside the property, a multilevel lot half a block away, another street-level lot across the street, and on-street spaces. The existing restaurant use may continue, with potential for first-floor retail or apartment use alongside bar and restaurant operations.
Parking options include a street-level public lot beside the property, a multilevel lot half a block away, another street-level lot across the street, and on-street spaces. The existing restaurant use may continue, with potential for first-floor retail or apartment use alongside bar and restaurant operations.
Key Highlights
- Three buildings totaling 11,277 square feet across three floors
- Two bar and restaurant establishments currently operate on the property
- Current‑owner renovation work includes expanded kitchens, seating, and bar areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,811
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,220
$1.6M
Cap Rate 7%
$1,111,586
$1.1M
Cap Rate 9%
$864,567
$864.6K
Market Conditions
NOI Build-Up for 11,277 SF
Gross rent
$135.3K $12.00/SF
− Vacancy
−$10.8K −$0.96/SF
EGI
$124.5K $11.04/SF
− OpEx
−$46.7K −$4.14/SF
NOI
$77.8K $6.90/SF
Area
Schuylkill County, PA
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,220
Cap Rate 7%
$1,111,586
Cap Rate 9%
$864,567
Alternative Uses
Best Use
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $112,048 @ 7.0% cap · market cap 13.18%
Second Best
Mixed Use
$1.11M
$972.6K – $1.30M
NOI $77,811 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,409 @ 7.0% cap · market cap 13.93%
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
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
66k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 39%
KFC
Dining
17,968 visits/mo
0.4 miles
Sunoco
Shops & Services
15,474 visits/mo
0.2 miles
Dollar General
Shops & Services
8,103 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,813 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,429 visits/mo
0.4 miles
Demographics for 17901, PA
22,608
Population
11,067
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
79.4 sq mi
ZIP Area
285
Density / Sq Mi
$61,632
Median Household Income
$40,942
Median Earnings
$819
Median Rent
$130,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- West End Hose Co — 1217 W Market St, Pottsville, PA 17901
- Black Rock Brewpub — 325 S Centre St, Pottsville, PA 17901
- Brennan's Center City Beverage — 1208 Laurel Blvd, Pottsville, PA 17901
- The Crimson House — 118 N Centre St, Pottsville, PA 17901
- The Crimson House Sports Bar — 116 N Centre St, Pottsville, PA 17901
Frequently Asked Questions
What type of property is this?
Bar & Pub - Three floors contain two operating bar and restaurant establishments, with additional potential for retail or apartment use.
Where is this bar & pub located?
The property is located at 118 N CENTRE STREET Pottsville, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three buildings totaling 11,277 square feet across three floors; Two bar and restaurant establishments currently operate on the property; Current‑owner renovation work includes expanded kitchens, seating, and bar areas
