Listing Agency: Keller Williams Real Estate-Clarks Summit Show Phone

Listed By: Sherrie L Miller · License #RM423823 Show Phone

Source: Exprealty

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 15 at 2:20AM

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Investment Insights

Based on property information with market context.

This mixed-use property includes an operating restaurant and bar, 10 boarding rooms, two full bathrooms, and a private efficiency apartment. The restaurant seats approximately 110 guests and has two commercial kitchens, a walk-in cooler, dry storage, and an entertainment stage. Restaurant equipment, commercial kitchen appliances, recipes, and a liquor license are included in the offering.

A separate commercially zoned building is also part of the property. The site has 21 parking spaces and wheelchair-accessible ramp access. The address is 309-311 Dunmore Street in Throop, Pennsylvania.

The combination of food service, lodging, residential space, and an additional commercial building brings several distinct property components together in one offering.

Key Highlights

• Restaurant and bar business includes a liquor license, equipment, appliances, and recipes
• 10 boarding rooms, two full bathrooms, and a private efficiency apartment
• Restaurant seating for approximately 110 guests

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,067

Cap Rate

8.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,421,340 $1.4M

Cap Rate 7%

$1,015,243 $1.0M

Cap Rate 9%

$789,633 $789.6K

Market Conditions

NOI Build-Up for 6,594 SF

Gross rent

$98.9K $15.00/SF

− Vacancy

−$4.2K −$0.63/SF

EGI

$94.8K $14.37/SF

− OpEx

−$23.7K −$3.59/SF

NOI

$71.1K $10.78/SF

Area

Lackawanna County, PA

Vacancy

4.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,421,340

Cap Rate 7%

$1,015,243

Cap Rate 9%

$789,633

Alternative Uses

Best Use

Specialty Retail

$1.02M

$888.3K – $1.18M (±1% cap)

NOI $71,067 @ 7.0% cap · market cap 8.26%

Second Best

Mixed Use

$953.8K

$834.6K – $1.11M (±1% cap)

NOI $66,764 @ 7.0% cap · market cap 7.76%

Theoretical Best

Office A

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $117,158 @ 7.0% cap · market cap 13.62%

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 Law Firm Plumbing Service HVAC Service (Bike/Boat/Book/etc) Store Daycare Center

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

320

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

PNC Bank Shops & Services

5,674 visits/mo 0.1 miles

The Tire Choice Shops & Services

447 visits/mo 0.4 miles

Demographics for 18512, PA

12,081

Population

6,272

Households

1.9

Avg Household Size

44

Median Age

29%

College-Educated

92%

High-School Grad

11.3 sq mi

ZIP Area

1,069

Density / Sq Mi

$63,097

Median Household Income

$43,249

Median Earnings

$927

Median Rent

$173,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines dining and bar operations with lodging, an efficiency apartment, and a second commercial building.

Where is this mixed-use property located?

The property is located at 309-311 Dunmore Street Throop, PA.

What is the asking price?

The asking price for this property is $860,000.

What are key features of this property?

This property features: Restaurant and bar business includes a liquor license, equipment, appliances, and recipes; 10 boarding rooms, two full bathrooms, and a private efficiency apartment; Restaurant seating for approximately 110 guests