Restaurant Business with
For Sale
$85,000
623 Centre St, Freeland, PA 18224
Existing operating assets and a 10-year lease support continued restaurant use.
Property Size1,100 SF
Price / SF$77.27
Days on Market14
Property Features for 623 Centre St
General Information
Standard status
Active
Size
1,100 SF
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$3,907
Listing Agency:
Iron Valley Real Estate - Coal Region
(570) 929-4873
Listed By:
Juan David Guevara
(570) 516-7066
Source:
Exprealty
Added: Aug 27
Changed: Sep 8
Last Checked: Sep 8 at 2:51PM
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 Iron Valley Real Estate - Coal Region
Investment Insights
Based on property information with market context.
This sale covers an established restaurant business rather than the underlying building. The offering includes restaurant supplies, equipment, furnishings, and other items currently used in the operation, along with training for the incoming owner. These assets support continuation of the existing restaurant use at the leased premises.
A 10-year lease is included, with a yearly percentage rent increase available if elected by the owner. The property is located at 623 Centre St in Freeland, Pennsylvania, and the business occupies approximately 1,100 square feet. The building itself is not part of the sale.
A 10-year lease is included, with a yearly percentage rent increase available if elected by the owner. The property is located at 623 Centre St in Freeland, Pennsylvania, and the business occupies approximately 1,100 square feet. The building itself is not part of the sale.
Key Highlights
- Restaurant business sale includes supplies, equipment, furnishings, and other items currently inside
- 10‑year lease included with the business
- 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 - Existing operating assets and a 10-year lease support continued restaurant use.
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 sale includes supplies, equipment, furnishings, and other items currently inside; 10‑year lease included with the business; Approximately 1,100 square feet of restaurant space
