Restaurant with Billboard
New
For Sale
$1,450,000
146 SHERATON DRIVE, New Cumberland, PA 17070
The sale includes all furniture, fixtures, and equipment for the restaurant.
Property Size6,565 SF
Price / SF$220.87
Days on Market4
Property Features for 146 SHERATON DRIVE
General Information
Standard status
Active
Size
6,565 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Equipment Included
Yes
Amenities
80ft Billboard sign
Building Details
Year Built
1977
Listing Agency:
Alpha State Realty
(717) 243-5400
Listed By:
Charlie Mallios · License #RS174760L
(717) 226-2127
Source:
Cummingsrealtors
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 16 at 2:18PM
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 Alpha State Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,565-square-foot restaurant was built in 1977. Furniture, fixtures, and equipment are included in the sale. Lease and lease-to-own arrangements are also available.
An 80-foot billboard sign is visible from the turnpike and Route 83. The property is located at 146 Sheraton Drive in New Cumberland, Pennsylvania.
An 80-foot billboard sign is visible from the turnpike and Route 83. The property is located at 146 Sheraton Drive in New Cumberland, Pennsylvania.
Key Highlights
- 6,565‑square‑foot restaurant building
- All furniture, fixtures, and equipment included
- 80‑foot billboard sign visible from the turnpike and Route 83
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,711
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,220
$1.4M
Cap Rate 7%
$967,300
$967.3K
Cap Rate 9%
$752,344
$752.3K
Market Conditions
NOI Build-Up for 6,565 SF
Gross rent
$94.5K $14.40/SF
− Vacancy
−$4.3K −$0.65/SF
EGI
$90.3K $13.75/SF
− OpEx
−$22.6K −$3.44/SF
NOI
$67.7K $10.31/SF
Area
Cumberland County, PA
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,220
Cap Rate 7%
$967,300
Cap Rate 9%
$752,344
Alternative Uses
Best Use
Specialty Retail
$967.3K
$846.4K – $1.13M
NOI $67,711 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,750 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
53k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Hotels & Casinos 16%
Dining 5%
Rutters
Shops & Services
23,388 visits/mo
0.5 miles
Sunoco
Shops & Services
9,690 visits/mo
0.0 miles
Exxon
Shops & Services
5,596 visits/mo
0.2 miles
Shell
Shops & Services
3,116 visits/mo
0.1 miles
Pizza Hut
Dining
2,739 visits/mo
0.1 miles
Demographics for 17070, PA
16,359
Population
7,487
Households
2.2
Avg Household Size
43
Median Age
36%
College-Educated
94%
High-School Grad
14.6 sq mi
ZIP Area
1,120
Density / Sq Mi
$91,100
Median Household Income
$52,207
Median Earnings
$1,046
Median Rent
$240,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes all furniture, fixtures, and equipment for the restaurant.
Where is this conventional restaurant located?
The property is located at 146 SHERATON DRIVE New Cumberland, PA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 6,565‑square‑foot restaurant building; All furniture, fixtures, and equipment included; 80‑foot billboard sign visible from the turnpike and Route 83
