Building Details

Year Built 1945

Listing Agency: Avanti Real Estate Group

Listed By: Kimberly Ann Coffee Show Phone

Source: Revolvepa

Added: Aug 24 Changed: Oct 9 Last Checked: Oct 5 at 11:28PM

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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

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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.

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 / Yr

$73,287

Cap Rate

7.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,465,740 $1.5M

Cap Rate 7%

$1,046,957 $1.0M

Cap Rate 9%

$814,300 $814.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,800 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $150,797 @ 7.0% cap · market cap 15.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office Building Supply Electrical Service Auto Repair Shop Furniture & Home Goods Pharmacy

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

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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