Restaurant with Stone
For Sale
$299,000
632 State Route 940, White Haven, PA 18661
COMMERCIAL - White Haven, PA
Property Size4,800 SF
Lot Size0.61 Acres
Price / SF$62.29
Days on Market729
Property Features for 632 State Route 940
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Security features
Security System
Elementary school district
Weatherly Area
Middle school district
Weatherly Area
High school district
Weatherly Area
Subdivision
Kidder Township
Standard status
Active
APN
60-20-A30.01
Size
4,800 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Annual Amount
3255
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Ceiling Fan(s), Central Air
Water source
Well
Building Details
Year built
1952
Floors in Building
1
Building materials
Frame
Listing Agency:
CENTURY 21 Select Group - Lake Harmony · Century 21 Real Estate
(570) 722-9222
Listed By:
James Mann
(570) 643-2100
Added: Aug 8, 2024
Changed: Aug 4
Last Checked: Aug 6 at 2:06PM
MLS# PM-117710
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 bar and restaurant offers an operationally ready dining and kitchen layout, with a fully set up kitchen area and updated modern infrastructure. The property includes updated electrical and plumbing systems, plus kitchen equipment included as part of the offering. The dining area features large windows for natural light and a large stone fireplace.
Set on 632 State Route 940 in White Haven, the restaurant is positioned on a heavily traveled road, with convenient access to the Pennsylvania Turnpike Pocono Interchange and Rt 80 for steady traffic from the Lake Harmony area. The site offers ample parking and strong visibility with excellent signage.
The building is frame construction and was built in 1952. Heating is provided by natural gas and electric (heating), with central air cooling and ceiling fan(s) throughout. Water is supplied by a well, and sewer service is provided by public sewer. The property includes a basement.
Set on 632 State Route 940 in White Haven, the restaurant is positioned on a heavily traveled road, with convenient access to the Pennsylvania Turnpike Pocono Interchange and Rt 80 for steady traffic from the Lake Harmony area. The site offers ample parking and strong visibility with excellent signage.
The building is frame construction and was built in 1952. Heating is provided by natural gas and electric (heating), with central air cooling and ceiling fan(s) throughout. Water is supplied by a well, and sewer service is provided by public sewer. The property includes a basement.
Key Highlights
- 0.61‑acre lot and 4,800 SF restaurant building
- Large stone fireplace and large windows in the dining area
- Kitchen area is fully set up with new equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,490
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$529,800
$529.8K
Cap Rate 7%
$378,429
$378.4K
Cap Rate 9%
$294,333
$294.3K
Market Conditions
NOI Build-Up for 4,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.0K $8.76/SF
− Vacancy
−$4.2K −$0.88/SF
EGI
$37.8K $7.88/SF
− OpEx
−$11.4K −$2.37/SF
NOI
$26.5K $5.52/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$529,800
Cap Rate 7%
$378,429
Cap Rate 9%
$294,333
Alternative Uses
Best Use
Specialty Retail
$739.0K
$646.7K – $862.2K
NOI $51,732 @ 7.0% cap · market cap 17.30%
Second Best
Industrial
$378.4K
$331.1K – $441.5K
NOI $26,490 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,445 @ 7.0% cap · market cap 35.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18661, PA
5,611
Population
3,644
Households
1.5
Avg Household Size
52
Median Age
21%
College-Educated
96%
High-School Grad
121.2 sq mi
ZIP Area
46
Density / Sq Mi
$68,795
Median Household Income
$42,500
Median Earnings
$1,231
Median Rent
$182,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Bar and restaurant with fully equipped kitchen, updated electrical and plumbing, and central air for year-round comfort.
Where is this conventional restaurant located?
The property is located at 632 State Route 940 White Haven, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 0.61‑acre lot and 4,800 SF restaurant building; Large stone fireplace and large windows in the dining area; Kitchen area is fully set up with new equipment included
