Equipped Restaurant and
New
For Sale
$975,000
31 Lakeside, Harveys Lake, PA 18618
The sale includes restaurant equipment and a liquor license.
Property Size6,800 SF
Price / SF$143.38
Days on Market5
Property Features for 31 Lakeside
General Information
Standard status
Active
Size
6,800 SF
Restaurant
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1945
Listing Agency:
Avanti Real Estate Group
(570) 826-1600
Listed By:
Kimberly Ann Coffee
Source:
Revolvepa
Added: Aug 24
Changed: Aug 27
Last Checked: Aug 28 at 1:10PM
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 Avanti Real Estate Group
Investment Insights
Based on property information with market context.
This 6,800-square-foot restaurant property includes bar facilities, restaurant equipment, and a liquor license. The existing improvements date to 1945 and are positioned at 31 Lakeside in Harveys Lake, Pennsylvania.
The offering combines an operating restaurant configuration with the equipment and licensing components needed for continued food-and-beverage use. The property’s location provides an established address within the Harveys Lake community.
The offering combines an operating restaurant configuration with the equipment and licensing components needed for continued food-and-beverage use. The property’s location provides an established address within the Harveys Lake community.
Key Highlights
- 6,800‑square‑foot restaurant and bar property
- Restaurant equipment included in the sale
- Liquor license included
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
$73,287
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
7.52%
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%
$1,465,740
$1.5M
Cap Rate 7%
$1,046,957
$1.0M
Cap Rate 9%
$814,300
$814.3K
Market Conditions
NOI Build-Up for 6,800 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
$102.0K $15.00/SF
− Vacancy
−$4.3K −$0.63/SF
EGI
$97.7K $14.37/SF
− OpEx
−$24.4K −$3.59/SF
NOI
$73.3K $10.78/SF
Area
Luzerne 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 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%
$1,465,740
Cap Rate 7%
$1,046,957
Cap Rate 9%
$814,300
Alternative Uses
Best Use
Specialty Retail
$1.05M
$916.1K – $1.22M
NOI $73,287 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,797 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Grotto Pizza
Dining
12,396 visits/mo
0.1 miles
Demographics for 18618, PA
3,732
Population
2,087
Households
1.8
Avg Household Size
49
Median Age
38%
College-Educated
96%
High-School Grad
21.2 sq mi
ZIP Area
176
Density / Sq Mi
$73,561
Median Household Income
$43,941
Median Earnings
$1,446
Median Rent
$236,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale includes restaurant equipment and a liquor license.
Where is this conventional restaurant located?
The property is located at 31 Lakeside Harveys Lake, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 6,800‑square‑foot restaurant and bar property; Restaurant equipment included in the sale; Liquor license included
