Bar and Restaurant with
For Sale
$359,900
1120 Allegheny St, Jersey Shore, PA 17740
Bar and restaurant includes a private lower-level banquet room and two second-floor rental apartments.
Property Size2,176 SF
Price / SF$165.40
Days on Market42
Property Features for 1120 Allegheny St
General Information
Standard status
Active
Size
2,176 SF
Additional Details
Business Included
Yes
Liquor License
Yes
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Fish Real Estate, Inc.
(570) 326-1561
Listed By:
Brent Fish · License #RM420632
Source:
Kandorre
Added: Jul 20
Changed: Aug 13
Last Checked: Aug 30 at 8:50PM
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 Fish Real Estate, Inc.
Investment Insights
Based on property information with market context.
This for-sale bar and restaurant offers a ready-to-operate setup together with income-producing residential space. The property includes a private, lower-level banquet room for hosting events, plus two second-floor apartments that generate additional rental income. The offering is presented as an ongoing business and includes the established business and maintained real estate, along with a liquor license.
The property is located at 1120 Allegheny St in Jersey Shore, Pennsylvania. It is being offered with the business and supporting property features intended for continued operations.
The overall configuration combines hospitality space with two separate second-floor residential units, providing both an on-site entertainment and service component and additional rental revenue from the apartments.
The property is located at 1120 Allegheny St in Jersey Shore, Pennsylvania. It is being offered with the business and supporting property features intended for continued operations.
The overall configuration combines hospitality space with two separate second-floor residential units, providing both an on-site entertainment and service component and additional rental revenue from the apartments.
Key Highlights
- Bar/restaurant with a private lower‑level banquet room for events
- Includes two second‑floor rental apartments that generate additional rental income
- Family‑owned bar/restaurant for over 25 years with an established reputation
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
$28,054
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
7.79%
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%
$561,080
$561.1K
Cap Rate 7%
$400,771
$400.8K
Cap Rate 9%
$311,711
$311.7K
Market Conditions
NOI Build-Up for 2,176 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
$39.2K $18.00/SF
− Vacancy
−$1.8K −$0.81/SF
EGI
$37.4K $17.19/SF
− OpEx
−$9.4K −$4.30/SF
NOI
$28.1K $12.89/SF
Area
Lycoming County, PA
Vacancy
4.50%
Lease Rate
$18.00 /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%
$561,080
Cap Rate 7%
$400,771
Cap Rate 9%
$311,711
Alternative Uses
Best Use
Specialty Retail
$400.8K
$350.7K – $467.6K
NOI $28,054 @ 7.0% cap · market cap 7.79%
Second Best
Multifamily LT 5
$253.6K
$221.9K – $295.9K
NOI $17,753 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$468.9K
$410.3K – $547.1K
NOI $32,826 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17740, PA
12,371
Population
5,041
Households
2.5
Avg Household Size
42
Median Age
21%
College-Educated
92%
High-School Grad
136.1 sq mi
ZIP Area
91
Density / Sq Mi
$71,000
Median Household Income
$43,985
Median Earnings
$855
Median Rent
$182,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Tiadaghton Inn — 1120 Allegheny St, Jersey Shore, PA 17740
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar and restaurant includes a private lower-level banquet room and two second-floor rental apartments.
Where is this bar & pub located?
The property is located at 1120 Allegheny St Jersey Shore, PA.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Bar/restaurant with a private lower‑level banquet room for events; Includes two second‑floor rental apartments that generate additional rental income; Family‑owned bar/restaurant for over 25 years with an established reputation
