Restaurant and Bar with Upstairs
900 Oak Street Pittston, PA 18640
900 Oak Street, Pittston, PA, 18640
$799,000
For Sale
$799,000
5,100 SF restaurant/bar building on two-acre commercial-zoned lot with dining, kitchen, and upstairs apartment.
Property Size5,100 SF
Lot Size2.00 Acres
Price / SF$156.67
Days on Market439
Property Features for 900 Oak Street
General Information
- Standard status
- Active
- Size
- 5,100 SF
- Lot size
- 2.00 Acres
- Property subtype
- COMMERCIAL
Listing Agency
Jonathan J. Nelson Real Estate
(570) 793-3539
Listed by
Jonathan J. Nelson · License #RM425467
Source
Luxehomesnepa
Added: May 6, 2025 Checked: Jul 17 at 3:01 am
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 Jonathan J. Nelson Real Estate
Investment Insights
Based on property information with market context.
This 5,100 SF building on a two-acre commercial-zoned parcel is set up for food and beverage service, with a well-equipped bar, dining room, and eat-in space. The interior also includes a raised stage area, kitchen and prep space, and gas-fired central air and heat. An upstairs apartment adds flexibility for an owner-operator or alternate use.
The property is located just outside Mericle’s CenterPoint Commerce & Trade Park, described as one of NEPA’s most active industrial hubs, with over 5,000 employees and 13.8M+ SF of developed space. The site offers visibility along a high-traffic corridor (over 20K vehicles/day) and includes a proposed traffic light planned at the entrance. Easy access to I-81 and I-476 supports convenience for customers and staff, along with proximity to major logistics operators.
The property is located just outside Mericle’s CenterPoint Commerce & Trade Park, described as one of NEPA’s most active industrial hubs, with over 5,000 employees and 13.8M+ SF of developed space. The site offers visibility along a high-traffic corridor (over 20K vehicles/day) and includes a proposed traffic light planned at the entrance. Easy access to I-81 and I-476 supports convenience for customers and staff, along with proximity to major logistics operators.
Key Highlights
- 5,100 SF restaurant/bar building on a 2‑acre lot
- Commercial‑zoned property with room for future expansion or redevelopment
- High‑traffic frontage: over 20,000 vehicles/day, plus a proposed traffic light at the entrance
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.5k | $15.00 |
| − Vacancy | −$3.2k | −$0.63 |
| EGI | $73.3k | $14.37 |
| − OpEx | −$18.3k | −$3.59 |
| NOI | $55.0k | $10.78 |
5,100 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$785.2K
$687.1K – $916.1K
NOI $54,965 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.41M – $1.88M
NOI $113,098 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
TEKILAS MEXICAN GRILL ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - 5,100 SF restaurant/bar building on two-acre commercial-zoned lot with dining, kitchen, and upstairs apartment.
Where is this conventional restaurant located?
The property is located at 900 Oak Street Pittston, PA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,100 SF restaurant/bar building on a 2‑acre lot; Commercial‑zoned property with room for future expansion or redevelopment; High‑traffic frontage: over 20,000 vehicles/day, plus a proposed traffic light at the entrance
