Restaurant and Lounge with
For Sale
$880,000
501 CHURCH Street, Hazleton, PA 18201
For sale restaurant and lounge with plenty of parking and an overhead 2-bedroom apartment.
Property Size5,616 SF
Price / SF$156.70
Days on Market659
Property Features for 501 CHURCH Street
General Information
Standard status
Active
Size
5,616 SF
Property subtype
General Commercial
Additional Details
Liquor License
Yes
Amenities
Central Air
3
Rubber
Commercial
60 Parking Spaces.
150 X 200
Listing Agency:
Pecora Realtor, P.C.
(570) 455-9463
Listed By:
Eugenio Sosa · License #RS330109
(570) 535-6403
Source:
Xome
Added: Nov 17, 2024
Changed: Sep 1
Last Checked: Sep 7 at 5:43AM
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 Pecora Realtor, P.C.
Investment Insights
Based on property information with market context.
This for-sale restaurant and lounge property was utilized as a nightclub/restaurant and includes a liquor license and some equipment. The building also provides an overhead, spacious 2-bedroom apartment, adding flexible living or rental possibilities above the main operation.
The property is located on a busy Route 309 corridor in Hazleton, PA, and is described as having plenty of parking.
The combination of a food and beverage operating space, liquor license, included equipment, and an overhead 2-bedroom apartment makes this a distinctive mixed-use option on the Route 309 market corridor.
The property is located on a busy Route 309 corridor in Hazleton, PA, and is described as having plenty of parking.
The combination of a food and beverage operating space, liquor license, included equipment, and an overhead 2-bedroom apartment makes this a distinctive mixed-use option on the Route 309 market corridor.
Key Highlights
- Commercial‑zoned Hazleton property on the busy Route 309 corridor
- 60 parking spaces available
- Lot dimensions are 150 x 200
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
$60,526
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%
$1,210,520
$1.2M
Cap Rate 7%
$864,657
$864.7K
Cap Rate 9%
$672,511
$672.5K
Market Conditions
NOI Build-Up for 5,616 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
$84.2K $15.00/SF
− Vacancy
−$3.5K −$0.63/SF
EGI
$80.7K $14.37/SF
− OpEx
−$20.2K −$3.59/SF
NOI
$60.5K $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%
$1,210,520
Cap Rate 7%
$864,657
Cap Rate 9%
$672,511
Alternative Uses
Best Use
Specialty Retail
$864.7K
$756.6K – $1.01M
NOI $60,526 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,540 @ 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
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Bar & Pub - For sale restaurant and lounge with plenty of parking and an overhead 2-bedroom apartment.
Where is this bar & pub located?
The property is located at 501 CHURCH Street Hazleton, PA.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Commercial‑zoned Hazleton property on the busy Route 309 corridor; 60 parking spaces available; Lot dimensions are 150 x 200
