Restaurant with Beer and Lottery
For Sale
$350,000
1707 Philadelphia Avenue, Northern Cambria, PA 15714
Commercial Sale, Northern Cambria, PA
Property Size1,200 SF
Lot Size0.06 Acres
Price / SF$291.67
Days on Market193
Property Features for 1707 Philadelphia Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Private Yard, Rain Gutters
Lot features
Cleared, Level, Cleared, Level
Elementary school district
Northern Cambria
Middle school district
Northern Cambria
High school district
Northern Cambria
Directions
GPS
Subdivision
Spangler
Standard status
Active
APN
56-071--301
Size
1,200 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2839
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1991
Building materials
Brick
Roof type
Shingle
Listing Agency:
Perry Wellington Realty, LLC
(814) 695-5323
Listed By:
The Gretchen Gunnett Team
(814) 696-7742
Added: Mar 1
Changed: Sep 10
Last Checked: Sep 10 at 8:06AM
MLS# 79500
Copyright © 2026 Allegheny Highland Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property in Northern Cambria includes a 1,200-square-foot building on 0.06 acres. The offering includes a full-service menu, beer sales, and adult lottery games. The structure was built in 1991 with brick construction, a shingle roof, central air, and oil-fired hot-water heating. Exterior features include a private yard and rain gutters.
Located at 1707 Philadelphia Avenue, the property is served by public water and public sewer. The restaurant’s operating format combines dining with beverage and lottery sales, providing several established components within one commercial setting. The sale presents an opportunity to acquire a restaurant business and its associated property at a recognized Northern Cambria address.
Located at 1707 Philadelphia Avenue, the property is served by public water and public sewer. The restaurant’s operating format combines dining with beverage and lottery sales, providing several established components within one commercial setting. The sale presents an opportunity to acquire a restaurant business and its associated property at a recognized Northern Cambria address.
Key Highlights
- 1,200‑square‑foot restaurant property
- Restaurant offering a full‑service menu, beer sales, and adult lottery games
- 0.06‑acre site at 1707 Philadelphia Avenue
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
$12,083
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
3.45%
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%
$241,660
$241.7K
Cap Rate 7%
$172,614
$172.6K
Cap Rate 9%
$134,256
$134.3K
Market Conditions
NOI Build-Up for 1,200 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
$18.0K $15.00/SF
− Vacancy
−$1.9K −$1.58/SF
EGI
$16.1K $13.43/SF
− OpEx
−$4.0K −$3.36/SF
NOI
$12.1K $10.07/SF
Area
Cambria County, PA
Vacancy
10.50%
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%
$241,660
Cap Rate 7%
$172,614
Cap Rate 9%
$134,256
Alternative Uses
Best Use
Specialty Retail
$172.6K
$151.0K – $201.4K
NOI $12,083 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.1K
$316.8K – $422.4K
NOI $25,344 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
2,037 visits/mo
0.3 miles
Demographics for 15714, PA
5,477
Population
2,314
Households
2.4
Avg Household Size
45
Median Age
17%
College-Educated
92%
High-School Grad
33.4 sq mi
ZIP Area
164
Density / Sq Mi
$49,107
Median Household Income
$36,803
Median Earnings
$522
Median Rent
$94,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established dining operation offering a full-service menu, beer sales, and adult lottery games in Northern Cambria.
Where is this conventional restaurant located?
The property is located at 1707 Philadelphia Avenue Northern Cambria, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,200‑square‑foot restaurant property; Restaurant offering a full‑service menu, beer sales, and adult lottery games; 0.06‑acre site at 1707 Philadelphia Avenue
