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    Turnkey Restaurant and Bar Opportunity Title is generated by Realmo AI

    5 W PINE STREET, Mount Holly Springs, PA 17065

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    For Sale
    $950,000

    Established restaurant and bar with hotel rooms for sale.

    Type:Commercial/Industrial
    Lot size:
    1.18 Acres
    Added:
    Jan 23, 2024
    Days on Market:
    856
    Last Refresh:
    May 20 at 2:02 am

    Property Features for 5 W PINE STREET

    General Information

    Standard status
    Active
    Lot size
    1.18 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    JON S COLLINS

    Listing agent JON S COLLINS

    Listing office Real Estate Excel

    Listing date Jan 23, 2024

    Source Exitrealty

    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 Real Estate Excel

    HighLights

    • Established and thriving restaurant & bar with a total seating capacity of 215 and Hotel Liquor License included in the sale.
    • Ideally located in the Heart of Mt. Holly Springs on 1.18 acres, near vacation destinations and high traffic (12,000 cars daily).
    • Turnkey operation with a fully equipped kitchen, tavern with 14 taps and 35 barstools, dining/banquet room, game room, and wrap‑around deck.
    • Includes 10 private hotel rooms, offering potential for a bed and breakfast or additional income.
    • Detached barn provides numerous possibilities for event space, brewery, smokehouse, or music venue.
    • Opportunity to expand hours and days of operation to increase revenue.

    Overview

    This well-established and thriving restaurant and bar, with a total seating capacity of 215, is situated on 1.18 acres comprising three parcels in the heart of Mt. Holly Springs, South Central PA. The location on Rt. 34 benefits from high visibility, capturing over 12,000 cars daily, and is surrounded by vacation destinations including lakes, hiking trails, and campgrounds. The property features a fully equipped kitchen, a tavern with a large bar including 14 taps and 35 barstools and a new HVAC unit, a dining room/banquet room, and a game room. Additional amenities include a wrap-around deck and ample off-street parking. There are 10 private hotel rooms that offer potential for additional income as a possible bed and breakfast. A detached barn on the property presents numerous possibilities for event space, such as retirement parties or a wedding venue, and could also be utilized as a smokehouse, brewery, music venue, or indoor cornhole/horseshoe league. Expanding the hours and days of operation presents an opportunity to generate more revenue. The current hours of operation are Tuesday through Thursday from 3:00 PM to 8:00 PM, Friday and Saturday from 12:00 PM to 9:00 PM, and Sunday from 12:00 PM to 8:00 PM. The sale includes the real estate, hotel liquor license, equipment, and furniture. Inventory, mirrors, and signs can be sold separately.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cassell's Grille Bar & Pub

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • Three Pines Tavern — 336 N Baltimore Ave, Mt Holly Springs, PA 17065
    • Holly Inn — 31 S Baltimore Ave, Mt Holly Springs, PA 17065
    • Mt Holly Beverage — 510 N Baltimore Ave, Mt Holly Springs, PA 17065

    Location Insight

    • Map
    • Local Demand
    City
    Mount Holly Springs
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.1891
    Latitude
    40.1139

    FAQs

    What type of property is this?
    Bar & Pub - Established restaurant and bar with hotel rooms for sale.
    Where is this bar & pub located?
    The property is located at 5 W PINE STREET Mount Holly Springs, PA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Established and thriving restaurant & bar with a total seating capacity of 215 and Hotel Liquor License included in the sale.; Ideally located in the Heart of Mt. Holly Springs on 1.18 acres, near vacation destinations and high traffic (12,000 cars daily).; Turnkey operation with a fully equipped kitchen, tavern with 14 taps and 35 barstools, dining/banquet room, game room, and wrap‑around deck.
    (717) 386-0367
    We can help!
    Listing Contact
    JON S COLLINS
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    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.

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