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    Turnkey Tavern/Bar/Restaurant For Sale Title is generated by Realmo AI

    115 SUNBURY STREET, Minersville, PA 17954

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    For Sale
    $625,000

    Thriving bar/restaurant with real estate, license, and inventory included.

    Type:Commercial/Industrial
    Lot size:
    0.23 Acres
    Added:
    Jun 23, 2024
    Days on Market:
    700
    Last Refresh:
    May 20 at 2:11 am

    Property Features for 115 SUNBURY STREET

    General Information

    Standard status
    Active
    Lot size
    0.23 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1899

    We can help!

    Listing Contact
    Peter Heim
    Peter Heim

    Listing agent Peter Heim License #AB048180L

    Listing office Keller Williams Platinum Realty - Wyomissing

    Listing date Jun 23, 2024

    Source Exitrealty

    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 Platinum Realty - Wyomissing

    HighLights

    • Turn‑key tavern/bar/restaurant including real estate, business, inventory, and liquor license.
    • Established business with excellent local following.
    • Newly added outdoor seating area and beer garden (May 2024) seating approximately 50 people.
    • Located on a well‑traveled route connecting to I‑81, two hours west of Philadelphia.
    • On‑site parking lot with rear driveway access for ATVs and off‑road vehicles, located on permitted route for Minersville Borough and Famous Reading Outdoors.
    • Opportunity for expansion or residential units on the 2nd and 3rd unfinished floors (subject to borough/zoning verification).

    Overview

    For sale is a turnkey tavern, bar, and restaurant, including the real estate, business, business name, inventory, and liquor license. Located two hours west of Philadelphia on a well-traveled route connecting to I-81, the property benefits from an excellent local following. An outdoor seating area and beer garden, newly added in May 2024, accommodates approximately 50 people. A side parking lot is available on the premises, featuring a rear driveway specifically designed for ATV's and other off-road vehicles, as the pub is located directly on the permitted route for Minersville Borough and Famous Reading Outdoors. The second and third unfinished floors offer further opportunities for expansion or residential units, subject to borough and zoning verification. This is a well-established, thriving business.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Little Brown Barrel Bar & Pub

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Similar Places Nearby

    • The Craft Haus — 2881 Pottsville Minersville Hwy, Minersville, PA 17954
    • Big Hill Sports Club — 1 Live Oaks Rd, Minersville, PA 17954
    • SlapJacks Bar and Grill — 500 Pottsville St, Minersville, PA 17954
    • Washington Hotel — 201 Sunbury St, Minersville, PA 17954
    • The Lame Goose Tavern — 137 South St, Minersville, PA 17954

    Location Insight

    • Map
    • Local Demand
    City
    Minersville
    County
    Schuylkill
    State
    Pennsylvania
    Longitude
    -76.2597
    Latitude
    40.6904

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    FAQs

    What type of property is this?
    Bar & Pub - Thriving bar/restaurant with real estate, license, and inventory included.
    Where is this bar & pub located?
    The property is located at 115 SUNBURY STREET Minersville, PA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Turn‑key tavern/bar/restaurant including real estate, business, inventory, and liquor license.; Established business with excellent local following.; Newly added outdoor seating area and beer garden (May 2024) seating approximately 50 people.
    (610) 745-3378
    We can help!
    Listing Contact
    Peter Heim
    Peter Heim
    Real Estate License ID: AB048180L
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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.

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