Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3941 Chestnut St Emmaus, PA 18049

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    6,326 SF restaurant for sale on 1.4 acres.

    Type:Retail
    Property size:
    6,326 SF
    Lot size:
    1.40 Acres
    Added:
    Jun 28, 2023
    Days on Market:
    1027
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 3941 Chestnut St

    General Information

    Standard status
    Active
    Size
    6,326 SF
    Lot size
    1.40 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Derek Zerfass

    Listing agent Derek Zerfass License #PA RS300857

    Listing office Colliers - Allentown, Pennsylvania

    Listing date Jun 28, 2023

    Source Crexi

    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 Colliers - Allentown, Pennsylvania

    Overview

    Restaurant on 1.4 Acre Parcel

    The property is a 6,326 square-foot restaurant situated on a 1.4-acre parcel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Big Woody's Sports ... Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Emmaus
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.5188068
    Latitude
    40.5219545

    Nearby Similar for Sale

    • $14
      2,600 SF

      Renovated Office Space in Emmaus

      Renovated 1,350 SF office space in a desirable location.
      183 Ridge Street, Emmaus Boro, PA 18049
      View Details
    • $320,000
      4,234 SF

      Industrial Workshop/Warehouse in Emmaus

      4,000+ sq ft industrial space in the heart of Emmaus.
      28 Moyer Street, Emmaus Boro, PA 18049
      View Details
    • $1,790
      4,000 SF

      Emmaus Warehouse Garage Space

      Conveniently located warehouse ideal for storage or contractor headquarters.
      123 S 4th, Emmaus Boro, PA 18049
      View Details
    • $15
      7,180 SF

      Retail Space on Chestnut Street

      2,996 SF retail space with high visibility.
      4095 Chestnut, Upper Milford Twp, PA 18049
      View Details
    • $1,779
      5,600 SF

      Emmaus Office Building For Sale

      Multi-tenant office building with renovation potential near Emmaus Avenue.
      619 Dalton Street, Emmaus Boro, PA 18049
      View Details
    • $395,000
      1,170 SF

      Cape Cod with Rental Income

      Charming Cape Cod with detached rental home in Emmaus.
      120 HARRISON Street, EMMAUS, PA 18049
      View Details
    • $7
      78,000 SF

      Emmaus Warehouse with Flexible Space

      Conveniently located warehouse with office space and loading dock.
      322 S 4th S, Emmaus Boro, PA 18049
      View Details
    • $1,250,000

      Emmaus Village Centre Office Building

      Office building with multiple spaces and recent upgrades for sale.
      187 MAIN STREET, EMMAUS, PA 18049
      View Details
    • Contact for pricing
      141,937 SF

      Lehigh Valley Industrial Campus

      141,937 SF industrial campus 100% leased through October 2030.
      726 Broad St, Emmaus, PA 18049
      View Details
    • $3,700,000
      17,658 SF

      Emmaus Redevelopment Opportunity: 55+ Apartments

      Approved for 28 units, partially renovated, ideal for redevelopment.
      659 Broad St, Emmaus, PA 18049
      View Details
    • $1,750,000
      6,326 SF

      Turnkey Restaurant Opportunity

      Restaurant for sale with 187 indoor seats.
      3941 Chestnut St, Emmaus, PA
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - 6,326 SF restaurant for sale on 1.4 acres.
    Where is this conventional restaurant located?
    The property is located at 3941 Chestnut St Emmaus, PA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 6,326 SF restaurant; 1.4 acre parcel; Restaurant Property
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Derek Zerfass
    Real Estate License ID: PA RS300857
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!