54 Spg St Wilkes Barre, PA 18702-5587
This established Wilkes-Barre restaurant and bar, operating successfully for 33 years, is offered for sale by the owner. The 2,250 square foot building, constructed in 1985, sits on a 0.59-acre lot (four parcels included) and boasts a highly visible corner location at a busy, signaled intersection with a daily traffic count of 12,538 vehicles. The property is zoned C and offers ample off-street parking. All equipment is included in the sale, making this a true turnkey operation. The current owner is retiring, presenting a unique opportunity for a new owner to step into a profitable, established business. The spacious layout allows for potential expansion, further enhancing the investment potential. The asking price is $925,000, translating to $411.11 per square foot. This is an exceptional opportunity to acquire a well-established business in a prime location. The property's history of success, combined with its strategic location and included equipment, makes this a compelling investment for experienced restaurateurs or those seeking a profitable, established business.
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C J's Pizza & Subs Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.