Restaurant and Bar with Upstairs
For Sale
$799,000
900 Oak Street, Pittston, PA 18640
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 Market484
Property Features for 900 Oak Street
General Information
Standard status
Active
Size
5,100 SF
Lot size
2.00 Acres
Property subtype
COMMERCIAL
Zoning
commercial
Site & Location
Traffic Count
20,000 vehicles/day
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,094
Building Details
Building Size
5,100 SF
Listing Agency:
Jonathan J. Nelson Real Estate
(570) 793-3539
Listed By:
Jonathan J. Nelson · License #RM425467
Source:
Luxehomesnepa
Added: May 6, 2025
Changed: Aug 13
Last Checked: Aug 30 at 11:08PM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,965
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,099,300
$1.1M
Cap Rate 7%
$785,214
$785.2K
Cap Rate 9%
$610,722
$610.7K
Market Conditions
NOI Build-Up for 5,100 SF
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.
Gross rent
$76.5K $15.00/SF
− Vacancy
−$3.2K −$0.63/SF
EGI
$73.3K $14.37/SF
− OpEx
−$18.3K −$3.59/SF
NOI
$55.0K $10.78/SF
Area
Luzerne County, PA
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,099,300
Cap Rate 7%
$785,214
Cap Rate 9%
$610,722
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
349
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
84 Lumber
Home Improvements & Furnishings
349 visits/mo
0.5 miles
Demographics for 18640, PA
16,351
Population
8,036
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
94%
High-School Grad
27.9 sq mi
ZIP Area
586
Density / Sq Mi
$57,358
Median Household Income
$39,733
Median Earnings
$890
Median Rent
$135,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
