Award-Winning Restaurant with Owner's
700 Main Road Dallas, PA 18612
Seafood and steak restaurant with living space and parking.
Type:General Commercial
Property size:
2,700 SFPrice / SF:
$148/SF- Added:
- Nov 30, 2024
- Days on Market:
- 586
- Last Refresh:
- May 13 at 8:11 pm
Property Features for 700 Main Road
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Property subtype
- General Commercial
Listing office Century21 Smith Hourigan Group (570) 696-1195
Listing date Nov 30, 2024
Source Xome
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 Century21 Smith Hourigan Group
Investment Insights
Based on property information with market context.
Lum's Fernbrook Inn is an award-winning seafood and steak restaurant. The restaurant has seating for 45 patrons, and the bar area accommodates 12 with a shuffleboard table, multiple televisions, and a 5-tap draft beer system. The property features a modern kitchen and ample off-street parking. The second floor contains owner's quarters with 4 rooms and a bath. The property is zoned B-2 and has a size of 2700 square feet.
Key Highlights
- Award‑winning Seafood and Steak Restaurant with established business
- B‑2 Zoning permits various business opportunities
- High traffic location with ample off‑street parking (27 spaces)
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.5k | $15.00 |
| − Vacancy | −$1.7k | −$0.63 |
| EGI | $38.8k | $14.37 |
| − OpEx | −$9.7k | −$3.59 |
| NOI | $29.1k | $10.78 |
2,700 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$415.7K
$363.7K – $485.0K
NOI $29,099 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$855.4K
$748.4K – $997.9K
NOI $59,875 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lum's Fernbrook Inn
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Seafood and steak restaurant with living space and parking.
Where is this conventional restaurant located?
The property is located at 700 Main Road Dallas, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Award‑winning Seafood and Steak Restaurant with established business; B‑2 Zoning permits various business opportunities; High traffic location with **ample off‑street parking (27 spaces)**
