Conventional Restaurant with
For Sale
$375,000
2068 Columbia Ave, Tyrone, PA 16686
Cafe and bar improvements include operating equipment, a liquor license, and two rented residential apartments.
Property Size1,600 SF
Price / SF$234.38
Days on Market22
Property Features for 2068 Columbia Ave
General Information
Standard status
Active
Size
1,600 SF
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,008
Listing Agency:
Perry Wellington Realty, LLC
(814) 695-5323
Listed By:
The Gretchen Gunnett Team
(814) 696-7742
Source:
Exprealty
Added: Aug 14
Changed: Sep 3
Last Checked: Sep 3 at 2:11AM
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 Perry Wellington Realty, LLC
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 = 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
$16,560
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
4.42%
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%
$331,200
$331.2K
Cap Rate 7%
$236,571
$236.6K
Cap Rate 9%
$184,000
$184.0K
Market Conditions
NOI Build-Up for 1,600 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
$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 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%
$331,200
Cap Rate 7%
$236,571
Cap Rate 9%
$184,000
Alternative Uses
Best Use
Mixed Use
$236.6K
$207.0K – $276.0K
NOI $16,560 @ 7.0% cap · market cap 4.42%
Second Best
Specialty Retail
$230.1K
$201.4K – $268.5K
NOI $16,110 @ 7.0% cap · market cap 4.30%
Theoretical Best
Warehouse
$1.94M
$1.70M – $2.27M
NOI $136,036 @ 7.0% cap · market cap 36.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $375,000.
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
