Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turn-key Restaurant/Bar Opportunity Title is generated by Realmo AI

    6618 S Delaware Dr, Bangor, PA 18013

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Fully equipped restaurant/bar available for lease or sale.

    Type:Retail, Restaurant
    Property size:
    2,244 SF
    Added:
    Feb 28, 2024
    Days on Market:
    807
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 6618 S Delaware Dr

    General Information

    Standard status
    Active
    Size
    2,244 SF
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    1950

    Spaces For Lease

    at 6618 S Delaware Dr Contact us

    $3,200/Mo

    Size
    2,244 SF
    Type
    Retail, Restaurant
    Contact us

    We can help!

    Listing Contact
    Ayon A Codner

    Listing agent Ayon A Codner License #RS324477

    Listing office KW Keller Williams Real Estate

    Listing date Feb 28, 2024

    Source Crexi

    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 KW Keller Williams Real Estate

    HighLights

    • Fully equipped restaurant/bar minimizes initial investment.
    • High‑traffic corner location on RT 611 ensures customer flow.
    • Extensive renovations completed in 2019.
    • Includes a six‑face gas burner, flattop, two fryers, 10‑foot hood system, and pizza oven.
    • Seating capacity for up to 22 guests.
    • Property available for lease or sale.

    Overview

    A turn-key restaurant and bar opportunity is available for lease. This restaurant, with an area of approximately 2,244 square feet, is fully equipped to facilitate immediate business operations with minimal initial investment. The restaurant contains a six-face gas burner, flattop, two fryers, a 10-foot hood system, and a one-face pizza oven. The building underwent extensive renovations in 2019. It has seating for up to 22 guests and is located at the corner of RT 611, ensuring high traffic and customer visibility. The building is also available for sale.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Bar & Pub Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Northampton
    State
    Pennsylvania
    Longitude
    -75.1809771
    Latitude
    40.7853098

    Nearby Similar for Lease

    • $1,200/Mo

      Medical Office Space Available

      Multiple medical offices available for immediate occupancy with utilities included.
      225 Erdman Street, Bangor Boro, PA 18013
      View Details
    • $3,200/Mo
      2,244 SF

      Turn-Key Restaurant/Bar Opportunity

      Fully equipped restaurant/bar for lease in Bangor, PA.
      6618 S Delaware Drive, Bangor, PA 18013
      View Details
    • $3,200/Mo

      Turn-key Restaurant/Bar Opportunity

      Fully equipped restaurant/bar for lease with minimal capital investment needed.
      6618 S Delaware Drive, Lower Mt Bethel Twp, PA 18013
      View Details
    • $3,200/Mo

      Turn-Key Restaurant/Bar For Lease

      Fully equipped restaurant/bar with recent renovations and high traffic location.
      6618 S DELAWARE Drive, BANGOR, PA 18013
      View Details
    • Contact for pricing
      14,600 SF

      Anchored Retail Center For Lease

      Well-located retail center with excellent connectivity and strong market drivers.
      450 Blue Valley Dr, Bangor, PA
      View Details
    • Contact for pricing
      376 SF

      Renovated Office Suites in Bangor

      Newly renovated office suites with natural light and parking.
      110 Pennsylvania Ave, Bangor, PA 18013
      View Details
    • Contact for pricing

      Downtown Bangor Office Suites Available

      Office suites for lease in premier Bangor location.
      One Cumberland Place, Bangor, PA 18013
      View Details
    • Contact for pricing
      62,663 SF

      Retail Center on Blue Valley

      62,663 SF retail center with strong tenant mix.
      412 Blue Valley Dr, Bangor, PA 18013
      View Details

    FAQs

    What type of property is this?
    Restaurant - Fully equipped restaurant/bar available for lease or sale.
    Where is this restaurant located?
    The property is located at 6618 S Delaware Dr Bangor, PA.
    What are key features of this property?
    This property features: Fully equipped restaurant/bar minimizes initial investment.; High‑traffic corner location on RT 611 ensures customer flow.; Extensive renovations completed in 2019.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ayon A Codner
    Real Estate License ID: RS324477
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6618 S Delaware Dr, Bangor, PA 18013
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!