Restaurant Business with
For Sale
$640,000
222 S MARKET STREET, South Williamsport, PA 17702
Business sale conveys an R-License and existing FF&E.
Property Size3,532 SF
Price / SF$181.20
Days on Market65
Property Features for 222 S MARKET STREET
General Information
Standard status
Active
Size
3,532 SF
Property subtype
Commercial
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
1901
Listing Agency:
Fish Real Estate, Inc.
(570) 893-4220
Listed By:
Brent Fish · License #RM420632
(570) 326-1561
Source:
Cummingsrealtors
Added: Aug 13
Changed: Oct 15
Last Checked: Oct 16 at 9:30AM
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 Fish Real Estate, Inc.
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Investment Insights
Based on property information with market context.
The offering includes a restaurant business together with its R-License and FF&E. The property has a reported size of 3,532 and was built in 1901.
The property is located at 222 S Market Street in South Williamsport, Pennsylvania 17702.
The property is located at 222 S Market Street in South Williamsport, Pennsylvania 17702.
Key Highlights
- Restaurant business included in the sale
- R‑License included
- FF&E included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,536
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,720
$910.7K
Cap Rate 7%
$650,514
$650.5K
Cap Rate 9%
$505,956
$506.0K
Market Conditions
NOI Build-Up for 3,532 SF
Gross rent
$63.6K $18.00/SF
− Vacancy
−$2.9K −$0.81/SF
EGI
$60.7K $17.19/SF
− OpEx
−$15.2K −$4.30/SF
NOI
$45.5K $12.89/SF
Area
Lycoming County, PA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$910,720
Cap Rate 7%
$650,514
Cap Rate 9%
$505,956
Alternative Uses
Best Use
Specialty Retail
$650.5K
$569.2K – $758.9K
NOI $45,536 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$761.2K
$666.0K – $888.0K
NOI $53,282 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
123k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 21%
Hotels & Casinos 21%
Groceries 2%
Starbucks
Dining
20,747 visits/mo
0.4 miles
Dunkin' Donuts
Dining
15,262 visits/mo
0.2 miles
Panera Bread
Dining
14,145 visits/mo
0.5 miles
Perkins Restaurant & Bakery
Dining
13,626 visits/mo
0.4 miles
Residence Inn
Hotels & Casinos
9,268 visits/mo
0.5 miles
Demographics for 17702, PA
10,378
Population
4,533
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
94%
High-School Grad
61.2 sq mi
ZIP Area
170
Density / Sq Mi
$70,514
Median Household Income
$41,228
Median Earnings
$935
Median Rent
$193,500
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Business sale conveys an R-License and existing FF&E.
Where is this conventional restaurant located?
The property is located at 222 S MARKET STREET South Williamsport, PA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Restaurant business included in the sale; R‑License included; FF&E included
