Turnkey Restaurant Bar with 18
For Sale
$700,000
411 Chestnut Street, Dunmore, PA 18512
Fully equipped restaurant and bar with chef’s kitchen, prep space, and ample parking, plus an included second-floor apartment.
Property Size3,900 SF
Lot Size0.21 Acres
Days on Market238
Property Features for 411 Chestnut Street
General Information
Standard status
Active
Size
3,900 SF
Lot size
0.21 Acres
Property subtype
Business
Additional Details
Furnished
Yes
Business Included
Yes
Liquor License
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,274
Building Details
Building Size
3,900 SF
Year Built
1940
Listing Agency:
C21 Jack Ruddy Real Estate
(570) 344-6724
Listed By:
Aaron Pierce · License #RS328091
Source:
Luxehomesnepa
Added: Dec 29, 2025
Changed: Aug 23
Last Checked: Aug 24 at 1:47PM
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 C21 Jack Ruddy Real Estate
Investment Insights
Based on property information with market context.
Turnkey, well-established high-end restaurant, bar, and catering business for sale with everything included, including owned bar equipment, kitchen equipment, furnishings, and liquor license. The operation includes a fully equipped chef’s kitchen with additional prep space for catering, plus a large bar featuring an 18-tap keg system. The property also offers indoor seating and year-round outdoor seating.
Located at 411 Chestnut St in Dunmore, with an ample parking lot to support guest access.
Also included is a spacious second-floor apartment for additional income, along with an adjoining 80’ x 114’ lot. All information and measurements are approximate and not warranted or guaranteed.
Located at 411 Chestnut St in Dunmore, with an ample parking lot to support guest access.
Also included is a spacious second-floor apartment for additional income, along with an adjoining 80’ x 114’ lot. All information and measurements are approximate and not warranted or guaranteed.
Key Highlights
- Well‑established restaurant, bar, and catering business for sale with everything included
- Fully equipped chef’s kitchen with additional prep space for catering
- Large bar with an 18‑tap keg system
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
$42,032
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
6.00%
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%
$840,640
$840.6K
Cap Rate 7%
$600,457
$600.5K
Cap Rate 9%
$467,022
$467.0K
Market Conditions
NOI Build-Up for 3,900 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
$58.5K $15.00/SF
− Vacancy
−$2.5K −$0.63/SF
EGI
$56.0K $14.37/SF
− OpEx
−$14.0K −$3.59/SF
NOI
$42.0K $10.78/SF
Area
Lackawanna 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%
$840,640
Cap Rate 7%
$600,457
Cap Rate 9%
$467,022
Alternative Uses
Best Use
Specialty Retail
$600.5K
$525.4K – $700.5K
NOI $42,032 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$989.9K
$866.2K – $1.15M
NOI $69,292 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
29k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 75%
Dining 16%
Electronics 9%
Turkey Hill Minit Market
Shops & Services
10,469 visits/mo
0.4 miles
The UPS Store
Shops & Services
6,944 visits/mo
0.4 miles
Pizza Hut
Dining
4,726 visits/mo
0.4 miles
Exxon
Shops & Services
4,263 visits/mo
0.5 miles
AT&T
Electronics
1,583 visits/mo
0.4 miles
Demographics for 18512, PA
12,081
Population
6,272
Households
1.9
Avg Household Size
44
Median Age
29%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
1,069
Density / Sq Mi
$63,097
Median Household Income
$43,249
Median Earnings
$927
Median Rent
$173,500
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 - Fully equipped restaurant and bar with chef’s kitchen, prep space, and ample parking, plus an included second-floor apartment.
Where is this conventional restaurant located?
The property is located at 411 Chestnut Street Dunmore, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Well‑established restaurant, bar, and catering business for sale with everything included; Fully equipped chef’s kitchen with additional prep space for catering; Large bar with an 18‑tap keg system
