Restaurant With Living
For Sale
$375,000
330 Centre Street, Freeland, PA 18224
Commercial Sale, Freeland, PA
Property Size3,984 SF
Lot Size0.07 Acres
Price / SF$94.13
Days on Market59
Property Features for 330 Centre Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Basement
Partial
Subdivision
Freeland Borough
Standard status
Active
APN
22-R9NE2 -016-008-000
Size
3,984 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
22-6-62-7 330 Center St
Tax Annual Amount
3600
Legal Description
22-6-62-7 330 Center St
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
2
Building materials
Brick, Stucco
Roof type
Rubber, Shingle
Listing Agency:
Mary Enck Realty Inc
(570) 722-8000
Listed By:
Susan J Eckert · License #RS250648
(570) 722-9261
Added: Jul 13
Changed: Sep 8
Last Checked: Sep 9 at 7:06PM
MLS# PM-143353
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,984-square-foot restaurant property includes dedicated living quarters and is offered with the equipment, furnishings, and business contents used in the operation. The building was constructed in 1970 and features brick and stucco construction, central air, public water, and public sewer. Recent improvements to the residential portion include new carpet and counters.
The property occupies 0.07 acres at 330 Centre Street in Freeland, Pennsylvania. Roof work was completed in 2019, with both shingle and rubber roofing reported. The combined commercial and residential configuration creates a single property with restaurant facilities and on-site living space.
The property occupies 0.07 acres at 330 Centre Street in Freeland, Pennsylvania. Roof work was completed in 2019, with both shingle and rubber roofing reported. The combined commercial and residential configuration creates a single property with restaurant facilities and on-site living space.
Key Highlights
- 3,984‑square‑foot restaurant property with living quarters
- Sale includes commercial equipment, furnishings, and business contents
- New carpet and counters added in the living quarters
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
$21,987
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
5.86%
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%
$439,740
$439.7K
Cap Rate 7%
$314,100
$314.1K
Cap Rate 9%
$244,300
$244.3K
Market Conditions
NOI Build-Up for 3,984 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
$34.9K $8.76/SF
− Vacancy
−$3.5K −$0.88/SF
EGI
$31.4K $7.88/SF
− OpEx
−$9.4K −$2.37/SF
NOI
$22.0K $5.52/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
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%
$439,740
Cap Rate 7%
$314,100
Cap Rate 9%
$244,300
Alternative Uses
Best Use
Office B
$1.00M
$878.6K – $1.17M
NOI $70,285 @ 7.0% cap · market cap 18.74%
Second Best
Specialty Retail
$613.4K
$536.7K – $715.6K
NOI $42,938 @ 7.0% cap · market cap 11.45%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,349 @ 7.0% cap · market cap 23.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18224, PA
6,377
Population
3,072
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
446
Density / Sq Mi
$57,361
Median Household Income
$40,821
Median Earnings
$922
Median Rent
$114,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
Conventional restaurant - Established restaurant property with on-site living space, commercial equipment, furnishings, and business contents included.
Where is this conventional restaurant located?
The property is located at 330 Centre Street Freeland, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,984‑square‑foot restaurant property with living quarters; Sale includes commercial equipment, furnishings, and business contents; New carpet and counters added in the living quarters
