Listing Agency: Perry Wellington Realty, LLC i***@perrywellingtonrealty.com Show Phone

Listed By: The Gretchen Gunnett Team Show Phone

Source: Exprealty

Added: Aug 14 Changed: Oct 8 Last Checked: Oct 16 at 10:59AM

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Investment Insights

Based on property information with market context.

This 1,600-square-foot property combines a café and bar operation with residential components. The sale includes the building, business equipment, and liquor license associated with DJ's Cafe. The café and bar areas are equipped for continued operation, while the property also contains two apartments that are fully rented. Located at 2068 Columbia Ave in Tyrone, Pennsylvania, the offering brings the business and real estate together under one ownership opportunity. The apartments provide an established residential rental component alongside the commercial use. Additional equipment details and rental information are available through the offering process, with private showings offered to qualified interested parties.

Key Highlights

• 1,600‑square‑foot restaurant and bar property
• Sale includes the building, business equipment, and liquor license
• DJ's Cafe business included with the real estate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,560

Cap Rate

4.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$331,200 $331.2K

Cap Rate 7%

$236,571 $236.6K

Cap Rate 9%

$184,000 $184.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$28.8K $18.00/SF

− Vacancy

−$2.3K −$1.44/SF

EGI

$26.5K $16.56/SF

− OpEx

−$9.9K −$6.21/SF

NOI

$16.6K $10.35/SF

Area

Blair County, PA

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$331,200

Cap Rate 7%

$236,571

Cap Rate 9%

$184,000

Alternative Uses

Best Use

Mixed Use

$236.6K

$207.0K – $276.0K (±1% cap)

NOI $16,560 @ 7.0% cap · market cap 4.48%

Second Best

Specialty Retail

$230.1K

$201.4K – $268.5K (±1% cap)

NOI $16,110 @ 7.0% cap · market cap 4.35%

Theoretical Best

Warehouse

$1.94M

$1.70M – $2.27M (±1% cap)

NOI $136,036 @ 7.0% cap · market cap 36.77%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Grocery & Convenience Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

169

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 16686, PA

13,861

Population

5,919

Households

2.3

Avg Household Size

44

Median Age

20%

College-Educated

92%

High-School Grad

146.9 sq mi

ZIP Area

94

Density / Sq Mi

$65,641

Median Household Income

$37,422

Median Earnings

$806

Median Rent

$166,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Cafe and bar improvements include operating equipment, a liquor license, and two rented residential apartments.

Where is this conventional restaurant located?

The property is located at 2068 Columbia Ave Tyrone, PA.

What is the asking price?

The asking price for this property is $370,000.

What are key features of this property?

This property features: 1,600‑square‑foot restaurant and bar property; Sale includes the building, business equipment, and liquor license; DJ's Cafe business included with the real estate