Mixed-Use Restaurant and
For Sale
$975,000
145 Chamberlaine Ave, Pottsville, PA 17901
For-sale mixed-use property with a large restaurant/bar facility, pavilion and pool, plus multiple residential rental units and 100+ parking spaces.
Property Size14,000 SF
Lot Size2.20 Acres
Price / SF$69.64
Days on Market38
Property Features for 145 Chamberlaine Ave
General Information
Standard status
Active
Size
14,000 SF
Total Parking Spaces
100
Lot size
2.20 Acres
Additional Details
Liquor License
Yes
Multifamily Units
6
Amenities
indoor dining area
bar area
stage
dance floor
lower-level bar
pavilion
swimming pool
Building Details
Year Built
1956
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(717) 761-4800
Listed By:
Brandon S Yeagley, JIM BEDORF · License #PA#RS282482
Source:
Kandorre
Added: Jul 18
Changed: Aug 23
Last Checked: Aug 22 at 3:31AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
The property presents a mixed-use configuration combining a sizable commercial building with residential rental units across multiple structures. The commercial portion is currently set up for restaurant, bar, and event use, with indoor dining and bar areas, a stage and dance floor, and a lower-level bar with additional seating. Outdoor amenities include a pavilion and swimming pool. The sale includes a substantial amount of existing restaurant equipment, and the property is offered as-is.
Residential improvements include a single-family home, a duplex, and a triplex totaling six rental units. On-site parking is provided by a large private parking lot with approximately 100+ spaces. Active liquor license and operational permits are referenced in the listing; the liquor license is available and will transfer through a separate transaction in accordance with Pennsylvania liquor license transfer requirements.
The offering is positioned as a mixed-use investment opportunity, with the buyer responsible for verifying zoning, permitted uses, property details, and municipal approvals.
Residential improvements include a single-family home, a duplex, and a triplex totaling six rental units. On-site parking is provided by a large private parking lot with approximately 100+ spaces. Active liquor license and operational permits are referenced in the listing; the liquor license is available and will transfer through a separate transaction in accordance with Pennsylvania liquor license transfer requirements.
The offering is positioned as a mixed-use investment opportunity, with the buyer responsible for verifying zoning, permitted uses, property details, and municipal approvals.
Key Highlights
- Mixed‑use property on approx. 2.2 acres with multiple income streams, including a large restaurant/bar facility plus residential rentals
- Approx. 14,000+ SF commercial building configured for restaurant, bar, and event use, with indoor dining/bar areas plus a stage and dance floor
- Lower‑level bar area with additional seating, plus on‑site pavilion and swimming pool for dining service and private events
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
$76,596
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
7.86%
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%
$1,531,920
$1.5M
Cap Rate 7%
$1,094,229
$1.1M
Cap Rate 9%
$851,067
$851.1K
Market Conditions
NOI Build-Up for 14,000 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
$147.8K $10.56/SF
− Vacancy
−$8.6K −$0.61/SF
EGI
$139.3K $9.95/SF
− OpEx
−$62.7K −$4.48/SF
NOI
$76.6K $5.47/SF
Area
Schuylkill County, PA
Vacancy
5.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
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%
$1,531,920
Cap Rate 7%
$1,094,229
Cap Rate 9%
$851,067
Alternative Uses
Best Use
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 14.27%
Second Best
Apartment 5plus
$1.09M
$957.5K – $1.28M
NOI $76,596 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,000 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17901, PA
22,608
Population
11,067
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
79.4 sq mi
ZIP Area
285
Density / Sq Mi
$61,632
Median Household Income
$40,942
Median Earnings
$819
Median Rent
$130,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - For-sale mixed-use property with a large restaurant/bar facility, pavilion and pool, plus multiple residential rental units and 100+ parking spaces.
Where is this conventional restaurant located?
The property is located at 145 Chamberlaine Ave Pottsville, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Mixed‑use property on approx. 2.2 acres with multiple income streams, including a large restaurant/bar facility plus residential rentals; Approx. 14,000+ SF commercial building configured for restaurant, bar, and event use, with indoor dining/bar areas plus a stage and dance floor; Lower‑level bar area with additional seating, plus on‑site pavilion and swimming pool for dining service and private events
