Established Restaurant and Bar
For Sale
$675,000
184 Jamison City Rd, Benton, PA 17814
Thriving restaurant and bar near Ricketts Glen State Park.
Property Size4,040 SF
Price / SF$167.08
Days on Market209
Property Features for 184 Jamison City Rd
General Information
Standard status
Active
Size
4,040 SF
Building Details
Year Built
1983
Listing Agency:
Pro Real Estate Services, Inc.
(570) 784-4499
Listed By:
Mark E Humphreys · License #RM425322
Source:
Kandorre
Added: Jan 26
Changed: Aug 23
Last Checked: Aug 22 at 12:22PM
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 Pro Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This well-established restaurant and bar is located in a scenic area of Pennsylvania, minutes from Ricketts Glen State Park, State Game Lands, and Lake Jean. The Jamison City Hotel has become a destination venue, featuring a newly constructed outdoor entertainment area suitable for spring, summer, and fall gatherings. The property offers dining, drinks, and live music, and is positioned as a stop for travelers exploring Pennsylvania's mountain landscape. This business is ready for new ownership.
Key Highlights
- Established and thriving restaurant and bar business opportunity.
- Prime location minutes from Ricketts Glen State Park, State Game Lands, and Lake Jean.
- Newly constructed outdoor entertainment area.**
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
$53,643
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
7.95%
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%
$1,072,860
$1.1M
Cap Rate 7%
$766,329
$766.3K
Cap Rate 9%
$596,033
$596.0K
Market Conditions
NOI Build-Up for 4,040 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
$74.7K $18.48/SF
− Vacancy
−$3.1K −$0.78/SF
EGI
$71.5K $17.70/SF
− OpEx
−$17.9K −$4.43/SF
NOI
$53.6K $13.28/SF
Area
Columbia County, PA
Vacancy
4.20%
Lease Rate
$18.48 /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%
$1,072,860
Cap Rate 7%
$766,329
Cap Rate 9%
$596,033
Alternative Uses
Best Use
Specialty Retail
$766.3K
$670.5K – $894.1K
NOI $53,643 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.19M – $1.58M
NOI $94,817 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17814, PA
4,673
Population
2,615
Households
1.8
Avg Household Size
47
Median Age
17%
College-Educated
92%
High-School Grad
127.9 sq mi
ZIP Area
37
Density / Sq Mi
$62,679
Median Household Income
$38,594
Median Earnings
$919
Median Rent
$217,000
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.
Frequently Asked Questions
What type of property is this?
Bar & Pub - Thriving restaurant and bar near Ricketts Glen State Park.
Where is this bar & pub located?
The property is located at 184 Jamison City Rd Benton, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Established and thriving restaurant and bar business opportunity.; Prime location minutes from Ricketts Glen State Park, State Game Lands, and Lake Jean.; Newly constructed outdoor entertainment area.**
