Building Details

Year Built 1939

Listing Agency: Lewith & Freeman, Kingston

Listed By: Gregory Barrouk Show Phone

Source: Nepahousehunt

Added: Jun 16 Changed: Oct 1 Last Checked: Oct 5 at 7:06PM

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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 Lewith & Freeman, Kingston

Investment Insights

Based on property information with market context.

Bear Creek Inne is a historic estate built in 1939, set on 2.83 acres. The property includes a restaurant, a single-family residence with two bedrooms above it, and a separate standalone residence with one bedroom and one bathroom, along with a two-car garage. The existing configuration supports uses ranging from hospitality and live/work concepts to an estate-style layout.

The property is located at 5501 Bear Creek Blvd in Bear Creek, PA, offering a single-landmark site with multiple structures and built-in residential space alongside the restaurant component.

For buyers or operators looking for a unique, mixed-use estate layout, Bear Creek Inne provides a restaurant plus dedicated residential living options on one parcel.

Key Highlights

• Bear Creek Inne historic estate built in 1939
• 2.83‑acre property with on‑site restaurant
• Single‑family residence with two bedrooms above the restaurant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,665

Cap Rate

8.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,293,300 $1.3M

Cap Rate 7%

$923,786 $923.8K

Cap Rate 9%

$718,500 $718.5K

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$90.0K $15.00/SF

− Vacancy

−$3.8K −$0.63/SF

EGI

$86.2K $14.37/SF

− OpEx

−$21.6K −$3.59/SF

NOI

$64.7K $10.78/SF

Area

Luzerne 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 Rate 5%

$1,293,300

Cap Rate 7%

$923,786

Cap Rate 9%

$718,500

Alternative Uses

Best Use

Hotel Hospitality

$1.13M

$987.5K – $1.32M (±1% cap)

NOI $79,002 @ 7.0% cap · market cap 10.55%

Second Best

Specialty Retail

$923.8K

$808.3K – $1.08M (±1% cap)

NOI $64,665 @ 7.0% cap · market cap 8.63%

Theoretical Best

Office A

$1.90M

$1.66M – $2.22M (±1% cap)

NOI $133,056 @ 7.0% cap · market cap 17.76%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service Building Supply Restaurant Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 18602, PA

291

Population

171

Households

1.7

Avg Household Size

53

Median Age

72%

College-Educated

99%

High-School Grad

1.9 sq mi

ZIP Area

153

Density / Sq Mi

$172,500

Median Household Income

$101,176

Median Earnings

$1,750

Median Rent

$365,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Bear Creek Inne is a historic property built in 1939 with an on-site restaurant and multiple residences.

Where is this conventional restaurant located?

The property is located at 5501 Bear Creek Blvd Bear Creek, PA.

What is the asking price?

The asking price for this property is $749,000.

What are key features of this property?

This property features: Bear Creek Inne historic estate built in 1939; 2.83‑acre property with on‑site restaurant; Single‑family residence with two bedrooms above the restaurant