Restaurant with Commercial
For Sale
$499,900
1795 State Route 903, Jim Thorpe, PA 18229
Commercial Sale, Jim Thorpe, PA
Property Size6,930 SF
Lot Size1.08 Acres
Price / SF$72.14
Days on Market195
Property Features for 1795 State Route 903
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Basement
Full
Elementary school district
Jim Thorpe Area
Middle school district
Jim Thorpe Area
High school district
Jim Thorpe Area
Subdivision
Penn Forest Township
Standard status
Active
APN
50-51-A15.32
Size
6,930 SF
Lot size
1.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6687
Utilities
Heating system
Oil
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Well
Amenities
commercial kitchen infrastructure
hood system with fire suppression system
oven
walk-in freezer
various cases
front-of-house customer area
dining space
back-of-house kitchen and prep areas
private office
four bathrooms
handicap accessible bathroom
large dry basement
large roadside sign
Building Details
Year built
1969
Floors in Building
1
Flooring type
Tile - Ceramic, Carpet
Building materials
Concrete, Log Siding
Roof type
Asphalt, Shingle
Listing Agency:
Great Pocono Real Estate, Inc.
(570) 325-2222
Listed By:
Slade Sizemore
(570) 657-8656
Added: Mar 9
Changed: Sep 2
Last Checked: Sep 19 at 7:06AM
MLS# PM-139328
Copyright © 2026 Pocono Mountains 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.
The property is a 3,430-square-foot commercial building on 1.08 acres, classified as a conventional restaurant. Its configuration includes a customer area, dining space, kitchen and preparation areas, private office, and four bathrooms, including an accessible bathroom. The existing bakery/deli occupies the right side, while the left side is arranged for office or other low-traffic use. Food-service improvements include a hood with fire suppression, oven, walk-in freezer, and display cases. A dry basement provides additional storage, and the site includes a large roadside sign and ample parking.
Positioned along PA Route 903 at 1795 State Route 903 in Jim Thorpe, the property is near downtown Jim Thorpe, Big Boulder Ski Resort, Penn's Peak, and Pocono attractions. The building was constructed in 1969 and features concrete and log-siding construction, ceramic tile and carpet flooring, oil heat, window and wall-unit cooling, an asphalt shingle roof, and well water.
Positioned along PA Route 903 at 1795 State Route 903 in Jim Thorpe, the property is near downtown Jim Thorpe, Big Boulder Ski Resort, Penn's Peak, and Pocono attractions. The building was constructed in 1969 and features concrete and log-siding construction, ceramic tile and carpet flooring, oil heat, window and wall-unit cooling, an asphalt shingle roof, and well water.
Key Highlights
- 3,430‑square‑foot commercial building on 1.08 acres
- Commercial kitchen includes hood with fire suppression, oven, walk‑in freezer, and cases
- Four bathrooms, including an accessible bathroom
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
$31,190
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
6.24%
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%
$623,800
$623.8K
Cap Rate 7%
$445,571
$445.6K
Cap Rate 9%
$346,556
$346.6K
Market Conditions
NOI Build-Up for 6,930 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
$47.4K $6.84/SF
− Vacancy
−$2.8K −$0.41/SF
EGI
$44.6K $6.43/SF
− OpEx
−$13.4K −$1.93/SF
NOI
$31.2K $4.50/SF
Area
Carbon County, PA
Vacancy
6.00%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
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%
$623,800
Cap Rate 7%
$445,571
Cap Rate 9%
$346,556
Alternative Uses
Best Use
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,301 @ 7.0% cap · market cap 19.06%
Second Best
Retail
$1.22M
$1.07M – $1.42M
NOI $85,356 @ 7.0% cap · market cap 17.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18229, PA
8,322
Population
4,820
Households
1.7
Avg Household Size
49
Median Age
27%
College-Educated
95%
High-School Grad
55.3 sq mi
ZIP Area
150
Density / Sq Mi
$67,642
Median Household Income
$40,830
Median Earnings
$931
Median Rent
$215,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Flexible commercial layout combines customer-facing space, food-production infrastructure, office use, and on-site parking.
Where is this conventional restaurant located?
The property is located at 1795 State Route 903 Jim Thorpe, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3,430‑square‑foot commercial building on 1.08 acres; Commercial kitchen includes hood with fire suppression, oven, walk‑in freezer, and cases; Four bathrooms, including an accessible bathroom
