Mixed-Use Property with
For Sale
$1,500,000
147 E Independence St, Shamokin, PA 17872
The restaurant and bar property includes short-term rentals, apartments, and two parking lots.
Property Size10,781 SF
Price / SF$139.13
Days on Market15
Property Features for 147 E Independence St
General Information
Standard status
Active
Size
10,781 SF
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,041
Amenities
garage door
private office
Listing Agency:
BRESSI & MARTIN REAL ESTATE, INC. - SHAMOKIN
(570) 644-0821
Listed By:
Anthony Michael Getchey
(570) 850-6089
Source:
Exprealty
Added: Oct 9
Changed: Oct 21
Last Checked: Oct 21 at 2:27AM
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 BRESSI & MARTIN REAL ESTATE, INC. - SHAMOKIN
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Investment Insights
Based on property information with market context.
This three-parcel mixed-use property combines a restaurant and bar with two short-term rental units and two apartments. Each short-term rental has two bedrooms and has been updated. The building also includes a private office, outdoor seating, and a garage door that opens the dining area to the outdoors.
The sale includes two parking lots, restaurant equipment, liquor licenses, and a refrigerated truck. The apartments offer additional residential space alongside the hospitality uses.
The sale includes two parking lots, restaurant equipment, liquor licenses, and a refrigerated truck. The apartments offer additional residential space alongside the hospitality uses.
Key Highlights
- Three parcels include a restaurant/bar, two short‑term rentals, and two apartments
- Each short‑term rental has two bedrooms and has been updated
- Two parking lots are included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,604
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,032,080
$2.0M
Cap Rate 7%
$1,451,486
$1.5M
Cap Rate 9%
$1,128,933
$1.1M
Market Conditions
NOI Build-Up for 10,781 SF
Gross rent
$151.4K $14.04/SF
− Vacancy
−$15.9K −$1.47/SF
EGI
$135.5K $12.57/SF
− OpEx
−$33.9K −$3.14/SF
NOI
$101.6K $9.42/SF
Area
Northumberland County, PA
Vacancy
10.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,032,080
Cap Rate 7%
$1,451,486
Cap Rate 9%
$1,128,933
Alternative Uses
Best Use
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,604 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$1.06M
$931.4K – $1.24M
NOI $74,513 @ 7.0% cap · market cap 4.97%
Theoretical Best
Warehouse
$13.12M
$11.48M – $15.30M
NOI $918,276 @ 7.0% cap · market cap 61.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 17872, PA
9,223
Population
5,419
Households
1.7
Avg Household Size
42
Median Age
15%
College-Educated
82%
High-School Grad
43.0 sq mi
ZIP Area
214
Density / Sq Mi
$44,395
Median Household Income
$37,089
Median Earnings
$659
Median Rent
$79,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The restaurant and bar property includes short-term rentals, apartments, and two parking lots.
Where is this mixed-use property located?
The property is located at 147 E Independence St Shamokin, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three parcels include a restaurant/bar, two short‑term rentals, and two apartments; Each short‑term rental has two bedrooms and has been updated; Two parking lots are included
