Turnkey Restaurant with Private
For Sale
$449,000
14 N Main St, Shrewsbury, PA 17361
Turnkey, leased restaurant includes a fully equipped kitchen, dining area, and private upstairs dining room.
Property Size3,443 SF
Price / SF$130.41
Days on Market33
Property Features for 14 N Main St
General Information
Standard status
Active
Size
3,443 SF
Building Details
Year Built
1900
Listing Agency:
Realty Plus Associates
(443) 207-2330
Listed By:
Christopher Matthew Kotula · License #5006349
Source:
Kandorre
Added: Jul 20
Changed: Jul 21
Last Checked: Aug 21 at 9:35AM
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 Realty Plus Associates
Investment Insights
Based on property information with market context.
Turnkey commercial restaurant property with a layout designed for day-to-day operations. The first floor includes a welcoming front entrance, rear access door, a spacious dining area, a large fully equipped working kitchen, and two unisex restrooms. Upstairs, the space offers a private dining room or event space, a dedicated office, and two additional unisex restrooms.
The property has operated continuously as a restaurant for over 10 years and is currently leased at $2,700 per month. The long-tenured tenant is on a month-to-month lease. Located on N Main Street, the building sits directly adjacent to a signalized intersection.
The property has operated continuously as a restaurant for over 10 years and is currently leased at $2,700 per month. The long-tenured tenant is on a month-to-month lease. Located on N Main Street, the building sits directly adjacent to a signalized intersection.
Key Highlights
- Leased commercial restaurant on N Main Street in Shrewsbury with $2,700/month rental income
- Building has operated continuously as a restaurant for over 10 years
- Fully equipped working kitchen plus dining area on the first floor, with two unisex restrooms
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
$21,422
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
4.77%
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%
$428,440
$428.4K
Cap Rate 7%
$306,029
$306.0K
Cap Rate 9%
$238,022
$238.0K
Market Conditions
NOI Build-Up for 3,443 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
$30.2K $8.76/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$28.6K $8.30/SF
− OpEx
−$7.1K −$2.07/SF
NOI
$21.4K $6.22/SF
Area
York County, PA
Vacancy
5.30%
Lease Rate
$8.76 /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%
$428,440
Cap Rate 7%
$306,029
Cap Rate 9%
$238,022
Alternative Uses
Best Use
Specialty Retail
$306.0K
$267.8K – $357.0K
NOI $21,422 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.9K
$872.3K – $1.16M
NOI $69,781 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
73k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Groceries 23%
Shops & Services 9%
Beauty & Spa 5%
Saubel's Markets
Groceries
16,689 visits/mo
0.2 miles
Taco Bell
Dining
14,887 visits/mo
0.5 miles
Wendy's
Dining
12,845 visits/mo
0.4 miles
Panera Bread
Dining
10,286 visits/mo
0.5 miles
Chipotle Mexican Grill
Dining
6,587 visits/mo
0.5 miles
Demographics for 17361, PA
5,961
Population
2,690
Households
2.2
Avg Household Size
47
Median Age
40%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
1,987
Density / Sq Mi
$100,368
Median Household Income
$58,514
Median Earnings
$1,121
Median Rent
$292,300
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 - Turnkey, leased restaurant includes a fully equipped kitchen, dining area, and private upstairs dining room.
Where is this conventional restaurant located?
The property is located at 14 N Main St Shrewsbury, PA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Leased commercial restaurant on N Main Street in Shrewsbury with $2,700/month rental income; Building has operated continuously as a restaurant for over 10 years; Fully equipped working kitchen plus dining area on the first floor, with two unisex restrooms
