Turnkey Restaurant and Bar with
For Sale
$425,000
700 Luzerne Avenue, West Pittston, PA 18643
Turnkey restaurant and bar operating for takeout with 50-seat bar and 35-seat dining, plus a 3-bedroom apartment.
Property Size3,200 SF
Days on Market100
Property Features for 700 Luzerne Avenue
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Mixed Use
Additional Details
Furnished
Yes
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$5,686
Building Details
Building Size
3,200 SF
Listing Agency:
ERA One Source Realty
Listed By:
Lori Spencer
(570) 466-3060
Source:
Luxehomesnepa
Added: Jul 16
Changed: Oct 17
Last Checked: Oct 21 at 5:00AM
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 ERA One Source Realty
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Investment Insights
Based on property information with market context.
Turnkey restaurant and bar offered for sale, with a family-owned operating history of more than 40 years. The sale includes the liquor license, bar furnishings, tables, and equipment. The concept is currently operating for takeout only, with a bar area that can seat up to 50 people and a dining room with additional seating for up to 35 people. Also included is a 3-bedroom apartment, which can support immediate rental income or be used for owner-occupancy.
The property is located at 700 Luzerne Avenue in West Pittston, Pennsylvania, and has been positioned as a longtime neighborhood destination with a loyal customer base.
Inside, the available seating configuration supports both a primary bar experience and separate dining seating, alongside the included residential unit.
The property is located at 700 Luzerne Avenue in West Pittston, Pennsylvania, and has been positioned as a longtime neighborhood destination with a loyal customer base.
Inside, the available seating configuration supports both a primary bar experience and separate dining seating, alongside the included residential unit.
Key Highlights
- Restaurant and bar operating for takeout only, currently open and operating
- Bar area seating for up to 50 people and dining room seating for up to 35 people
- Includes liquor license
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,488
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,760
$689.8K
Cap Rate 7%
$492,686
$492.7K
Cap Rate 9%
$383,200
$383.2K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$48.0K $15.00/SF
− Vacancy
−$2.0K −$0.63/SF
EGI
$46.0K $14.37/SF
− OpEx
−$11.5K −$3.59/SF
NOI
$34.5K $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%
$689,760
Cap Rate 7%
$492,686
Cap Rate 9%
$383,200
Alternative Uses
Best Use
Specialty Retail
$492.7K
$431.1K – $574.8K
NOI $34,488 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$887.0K – $1.18M
NOI $70,963 @ 7.0% cap · market cap 16.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18643, PA
12,165
Population
6,321
Households
1.9
Avg Household Size
46
Median Age
25%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
665
Density / Sq Mi
$61,685
Median Household Income
$43,129
Median Earnings
$956
Median Rent
$156,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant and bar operating for takeout with 50-seat bar and 35-seat dining, plus a 3-bedroom apartment.
Where is this conventional restaurant located?
The property is located at 700 Luzerne Avenue West Pittston, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Restaurant and bar operating for takeout only, currently open and operating; Bar area seating for up to 50 people and dining room seating for up to 35 people; Includes liquor license
