Restaurant Building with
For Sale
$795,000
503 Old Main Street, Walnutport, PA 18088
A 60-seat dining room comes with furniture, fixtures, equipment, and commercial cooking appliances.
Property Size5,193 SF
Price / SF$153.09
Days on Market253
Property Features for 503 Old Main Street
General Information
Standard status
Active
Size
5,193 SF
Property subtype
Retail
Restaurant
Seating Capacity
60
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$9,108
Amenities
ADA-accessible
Building Details
Building Size
5,193 SF
Year Built
1947
Year Renovated
2019
Buildings
1
Listing Agency:
Howard Hanna TheFrederickGroup
Listed By:
Veronica Slesinski
(610) 398-0411
Source:
Redstonerun
Added: Feb 21
Changed: Oct 31
Last Checked: Oct 31 at 3:00AM
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 Howard Hanna TheFrederickGroup
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Investment Insights
Based on property information with market context.
The 5,193-square-foot restaurant property includes a 60-seat dining room and an equipped commercial kitchen. Furniture, fixtures, and equipment transfer with the sale, along with commercial stoves, pizza ovens, coffee machines, display cases, and a walk-in refrigerator. Upper-level space is present, with potential for residential apartment conversion. The building was renovated in 2019 and dates to 1947.
At 503 Old Main Street in Walnutport Boro, the property has an accessible entrance and ADA-compliant restrooms. On-site parking is available. The restaurant has operated since 1976, providing a long history of restaurant use.
At 503 Old Main Street in Walnutport Boro, the property has an accessible entrance and ADA-compliant restrooms. On-site parking is available. The restaurant has operated since 1976, providing a long history of restaurant use.
Key Highlights
- 5,193‑square‑foot restaurant property with a 60‑seat dining room
- Furniture, fixtures, and equipment are included, along with commercial stoves, pizza ovens, coffee machines, display cases, and a walk‑in refrigerator
- Building dates to 1947 and was renovated in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,864
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,280
$1.1M
Cap Rate 7%
$769,486
$769.5K
Cap Rate 9%
$598,489
$598.5K
Market Conditions
NOI Build-Up for 5,193 SF
Gross rent
$77.9K $15.00/SF
− Vacancy
−$6.1K −$1.17/SF
EGI
$71.8K $13.83/SF
− OpEx
−$18.0K −$3.46/SF
NOI
$53.9K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,280
Cap Rate 7%
$769,486
Cap Rate 9%
$598,489
Alternative Uses
Best Use
Specialty Retail
$769.5K
$673.3K – $897.7K
NOI $53,864 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$984.9K
$861.8K – $1.15M
NOI $68,946 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
143k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 31%
Groceries 28%
Giant Food Store
Groceries
35,829 visits/mo
0.3 miles
McDonald's
Dining
29,308 visits/mo
0.1 miles
Dollar Tree
Shops & Services
19,371 visits/mo
0.2 miles
Burger King
Dining
12,218 visits/mo
0.1 miles
Dollar General
Shops & Services
11,593 visits/mo
0.1 miles
Demographics for 18088, PA
8,603
Population
3,612
Households
2.4
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
19.1 sq mi
ZIP Area
450
Density / Sq Mi
$76,025
Median Household Income
$46,269
Median Earnings
$1,236
Median Rent
$241,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A 60-seat dining room comes with furniture, fixtures, equipment, and commercial cooking appliances.
Where is this conventional restaurant located?
The property is located at 503 Old Main Street Walnutport, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 5,193‑square‑foot restaurant property with a 60‑seat dining room; Furniture, fixtures, and equipment are included, along with commercial stoves, pizza ovens, coffee machines, display cases, and a walk‑in refrigerator; Building dates to 1947 and was renovated in 2019
