Mixed-Use Restaurant
For Sale
$3,250,000
255 East Central Avenue, Bangor, PA 18013
Two-building commercial property with a restaurant, event space, apartment, ice cream shop, garages, and extensive equipment.
Property Size11,855 SF
Days on Market95
Property Features for 255 East Central Avenue
General Information
Standard status
Active
Size
11,855 SF
Property subtype
Mixed Use
Restaurant
Seating Capacity
176
Equipment Included
Yes
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$16,219
Amenities
event space
office space
apartment
flexible commercial areas
garage bays
Building Details
Building Size
11,855 SF
Year Built
2001
Buildings
2
Listing Agency:
Howard Hanna TheFrederickGroup
(610) 398-0411
Listed By:
Latidia D. Fisher
Source:
Bhhspaulfordrealtors
Added: May 4
Changed: Aug 6
Last Checked: Aug 6 at 3:44AM
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 Howard Hanna TheFrederickGroup
Investment Insights
Based on property information with market context.
This mixed-use property at 255 East Central Avenue combines two commercial buildings on more than 4 acres. The 5,988-square-foot first building, constructed in 2001, contains a restaurant with seating for approximately 176 guests, a commercial kitchen, ADA-compliant restrooms, and an upper-level event area. The second building measures 5,867 square feet and includes an ice cream shop, offices, a three-bedroom apartment, flexible commercial areas, and garage bays with storage.
The property includes two nearly new Taylor soft-serve machines, commercial refrigeration, bakery equipment, dining furnishings, and other FF&E. Parking accommodates 150+ vehicles, and all buildings have newer metal roofs. The site is located at 255 East Central Avenue in East Bangor Boro, Pennsylvania, approximately five miles from the NJ/Route 80 highway. Additional acreage and rental income from adjacent parcels may also be available.
The property includes two nearly new Taylor soft-serve machines, commercial refrigeration, bakery equipment, dining furnishings, and other FF&E. Parking accommodates 150+ vehicles, and all buildings have newer metal roofs. The site is located at 255 East Central Avenue in East Bangor Boro, Pennsylvania, approximately five miles from the NJ/Route 80 highway. Additional acreage and rental income from adjacent parcels may also be available.
Key Highlights
- Two‑building mixed‑use property on more than 4 acres
- 5,988 SF restaurant building constructed in 2001
- 5,867 SF second building with ice cream shop, offices, apartment, and commercial areas
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.8k | $15.00 |
| − Vacancy | −$13.9k | −$1.17 |
| EGI | $164.0k | $13.83 |
| − OpEx | −$41.0k | −$3.46 |
| NOI | $123.0k | $10.37 |
11,855 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.76M
$1.54M – $2.05M
NOI $122,966 @ 7.0% cap · market cap 3.78%
Second Best
Mixed Use
$1.71M
$1.50M – $2.00M
NOI $120,032 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,396 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 18013, PA
17,436
Population
7,401
Households
2.4
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
63.0 sq mi
ZIP Area
277
Density / Sq Mi
$76,116
Median Household Income
$37,107
Median Earnings
$1,088
Median Rent
$245,700
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?
Mixed-use property - Two-building commercial property with a restaurant, event space, apartment, ice cream shop, garages, and extensive equipment.
Where is this mixed-use property located?
The property is located at 255 East Central Avenue Bangor, PA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Two‑building mixed‑use property on more than 4 acres; 5,988 SF restaurant building constructed in 2001; 5,867 SF second building with ice cream shop, offices, apartment, and commercial areas
