Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    655 Route 61 Orwigsburg, PA 17961

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,900

    Former restaurant and bar with spacious owner's quarters.

    Lot size:
    2.60 Acres

    Property Features for 655 Route 61

    General Information

    Standard status
    Active
    Lot size
    2.60 Acres

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Peter Heim
    Peter Heim
    Source: Exitrealty

    Listing Agency: Keller Williams Platinum Realty - Wyomissing Listing Agent: Peter Heim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Restaurant and Bar on PA-61

    The property is a former restaurant and bar with total seating for 150 people. Some equipment, inventory, and the business name are included in the sale. The property is located on PA-61 within Orwigsburg Borough. The property has potential for many uses, subject to verification with the borough's zoning department. The second story features spacious owner's quarters. A large basement with high ceilings is currently used for restaurant storage.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Auto Repair Shop Gym & Fitness Center Auto Parts Store Food Market Accounting Firm Grocery & Convenience Store

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

    Similar Places Nearby

    Schuylkill Country Club

    Location Insight

    • Map
    • Local Demand
    City
    Orwigsburg
    County
    Schuylkill
    State
    Pennsylvania
    Longitude
    -76.115673
    Latitude
    40.642289

    Nearby Similar for Sale

    • $249,900
      4,276 SF

      Route 61 Automotive Garage

      Operating automotive garage with rental unit and ample parking.
      1791 Centre Tpke, Orwigsburg, PA 17961
      View Details
    • $249,900
      4,276 SF

      Automotive Garage with Rental Income

      Operating automotive garage with rental income and Route 61 frontage.
      1791 Centre Tpke, Orwigsburg, PA 17961
      View Details
    • Contact for pricing

      Orwigsburg Commercial Building For Sale

      2,992 SF commercial building with drive-thru in Orwigsburg, PA.
      1251 Centre Tpke, Orwigsburg, PA 17961
      View Details
    • Contact for pricing
      2,292 SF

      Former Bank with Drive-Thru Lanes

      Former bank building suitable for medical or retail use.
      1252 Centre Tpke, Orwigsburg, PA 17961
      View Details
    • $899,900
      3,500 SF

      Route 61 Restaurant - Orwigsburg

      Turn-key restaurant, fully equipped, ready to reopen.
      655 Route 61, Orwigsburg, PA 17961
      View Details
    • Contact for pricing
      2,992 SF

      Orwigsburg Executive Office Building

      Prime Commercial Space, High Visibility
      1251 Centre Tpke, Orwigsburg, PA 17961
      View Details
    • $900,000
      4,000 SF

      Orwigsburg Commercial Development Land

      18 Acres, 4,000 sq ft Building, High Traffic
      1404 Centre Tpke, Orwigsburg, PA 17961
      View Details
    • $2,999,999
      6,000 SF

      Orwigsburg Commercial Land & Buildings

      40 Acres, 6000 sqft, Prime Location
      1401 Centre Tpke, Orwigsburg, PA 17961
      View Details
    • $1,200,000
      16,500 SF

      Orwigsburg Industrial Property - 16,500 SF

      Large industrial space, ample yard, great location.
      602 Frisbe, Orwigsburg, PA 17961
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Former restaurant and bar with spacious owner's quarters.
    Where is this bar & pub located?
    The property is located at 655 Route 61 Orwigsburg, PA.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - Established restaurant/bar with seating for 150, equipment, inventory, and business name included.; - Prime location directly on PA-61 in Orwigsburg Borough.; - Spacious owner's quarters on the second story.
    (610) 898-1441
    Request Owner's contact information
    655 Route 61 Orwigsburg, PA 17961
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    655 Route 61
    Orwigsburg, PA 17961
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    655 Route 61 Orwigsburg, PA 17961
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Peter Heim
    Peter Heim
    Real Estate License ID: AB048180L
    (610) 898-1441 (610) 745-3378 (610) 378-0471
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!