Established Restaurant Business with
For Sale
$85,000
623 Centre St, Freeland, PA 18224
Commercial Sale, Freeland, PA
Property Size1,100 SF
Lot Size0.10 Acres
Price / SF$77.27
Days on Market44
Property Features for 623 Centre St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Freeland Borough
Standard status
Active
APN
22-R9NE2 -028-015-000
Size
1,100 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
625 Centre St
Tax Annual Amount
3907
Legal Description
625 Centre St
Building Details
Year built
1776
Floors in Building
1
Listing Agency:
Iron Valley Real Estate - Coal Region
(570) 929-4873
Listed By:
Juan David Guevara
(570) 516-7066
Added: Aug 27
Changed: Oct 7
Last Checked: Oct 9 at 9:06AM
MLS# PM-144228
Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering consists of an established restaurant business rather than a real estate sale. The underlying building is excluded, while the transaction includes the restaurant’s supplies, equipment, furnishings, and other items currently used in the operation. The premises contain approximately 1,100 square feet of restaurant space.
A 10-year lease provides continued occupancy at the existing location in Freeland, Pennsylvania. Lease terms include a yearly percentage rent increase if elected by the owner. Training is included to support operational transition, along with the restaurant assets already in place.
A 10-year lease provides continued occupancy at the existing location in Freeland, Pennsylvania. Lease terms include a yearly percentage rent increase if elected by the owner. Training is included to support operational transition, along with the restaurant assets already in place.
Key Highlights
- Restaurant business offered separately from the building
- 10‑year lease for continued occupancy at 623 Centre St
- Approximately 1,100 square feet of restaurant space
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,476 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,258 visits/mo
0.3 miles
Demographics for 18224, PA
6,377
Population
3,072
Households
2.1
Avg Household Size
42
Median Age
18%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
446
Density / Sq Mi
$57,361
Median Household Income
$40,821
Median Earnings
$922
Median Rent
$114,900
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant business sale includes operating assets, staff training, and a long-term occupancy arrangement without the underlying building.
Where is this conventional restaurant located?
The property is located at 623 Centre St Freeland, PA.
What is the asking price?
The asking price for this property is $85,000.
What are key features of this property?
This property features: Restaurant business offered separately from the building; 10‑year lease for continued occupancy at 623 Centre St; Approximately 1,100 square feet of restaurant space
