Restaurant and Income
32 W Southern Ave South Williamsport, PA 17702
32 W Southern Ave, South Williamsport, PA, 17702
Contact for pricing
For Sale
Contact for pricing
Former Chinese restaurant includes dining equipment and tables, with two upstairs residential units and alley access.
Property Size3,796 SF
Price / SF$89.57
Days on Market109
Property Features for 32 W Southern Ave
General Information
- Standard status
- Active
- Size
- 3,796 SF
- Property subtype
- Retail
Listing agency
BHHS Hodrick Realty
(570) 419-1125
Listed by
Amy Fessler · License #RS315312
Source
Crexi
Added: Apr 5 Updated: Jul 20 at 7:08PM Checked: Jul 21 at 9:18AM
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 BHHS Hodrick Realty
Investment Insights
Based on property information with market context.
The property at 32 W Southern Ave is a mixed-use restaurant building configured with a main floor that has been used as a former Chinese restaurant. The sale is AS-IS and includes equipment, supplies, dining tables, and coolers. Additional space on the main level could be used for a large party dining area or office use, and the building also provides extensive storage and two additional coolers located out back. There is an alley access point to the rear, with parking available out back and along the side of the building.
The property also includes two residential units upstairs, with one unit currently leased at $900 per month. Gas heat services the building.
In addition to the restaurant layout and storage, the main floor has the potential to be remodeled, including the ability to expand into two large storage spaces for additional dining or office area, subject to buyer’s plans and permitting.
The property also includes two residential units upstairs, with one unit currently leased at $900 per month. Gas heat services the building.
In addition to the restaurant layout and storage, the main floor has the potential to be remodeled, including the ability to expand into two large storage spaces for additional dining or office area, subject to buyer’s plans and permitting.
Key Highlights
- Former Chinese restaurant in S. Williamsport with dining tables and equipment included (sold AS‑IS).
- Includes multiple coolers: dining area equipment plus 2 additional coolers out back.
- Large lot with parking out back and on the side of the building, with alley access out back.
Local Financial Insights For Multifamily LT 5
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 | $47.8k | $12.60 |
| − Vacancy | −$3.6k | −$0.95 |
| EGI | $44.2k | $11.66 |
| − OpEx | −$13.3k | −$3.50 |
| NOI | $31.0k | $8.16 |
3,796 SF · lease $12.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$699.1K
$611.8K – $815.7K
NOI $48,940 @ 7.0% cap · market cap 14.39%
Second Best
Multifamily LT 5
$442.4K
$387.1K – $516.2K
NOI $30,970 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$818.1K
$715.8K – $954.4K
NOI $57,264 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Former Chinese restaurant includes dining equipment and tables, with two upstairs residential units and alley access.
Where is this conventional restaurant located?
The property is located at 32 W Southern Ave South Williamsport, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Former Chinese restaurant in S. Williamsport with dining tables and equipment included (sold AS‑IS).; Includes multiple coolers: dining area equipment plus 2 additional coolers out back.; Large lot with parking out back and on the side of the building, with alley access out back.
