Restaurant and Ice Cream
For Sale
$399,900
7736 Route 49, Osceola, PA 16942
COMMERCIAL - Osceola, PA
Property Size2,795 SF
Lot Size0.68 Acres
Price / SF$143.08
Days on Market48
Property Features for 7736 Route 49
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
Northern Tioga
Middle school district
Northern Tioga
High school district
Northern Tioga
Subdivision
Tioga
Standard status
Active
Size
2,795 SF
Lot size
0.68 Acres
Building Details
Year built
1980
Listing Agency:
Cowanesque Lake Realty LLC
(570) 944-0101
Listed By:
Brandon Hackett
(570) 295-2697
Added: Jun 14
Last Checked: Jul 31 at 12:06AM
MLS# 31727592
Copyright © 2026 Northern Mountains of Pennsylvania MLS. 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 well-established restaurant and ice cream business, known as “Lee’s Country Kitchen,” is being offered for sale with inventory and equipment included with an agreed-upon offer. The property is described as clean and orderly, with a well-maintained kitchen. Improvements and features include a new electrical system, a walk-in cooler, a walk-in freezer, central air, and a fire extinguisher system. Handicap accessible restrooms are also noted, supporting broad customer accessibility. The sale is positioned as a turnkey option for a qualified buyer seeking to continue operating the business.
The restaurant has high visibility from SR 49 and approximately 150 feet of road frontage, supported by a large paved parking lot for customer convenience. The offering is located at 7736 Route 49 in Osceola, Pennsylvania.
For operators and investors, the combination of an established local business history and in-place food service infrastructure can reduce the uncertainty of starting from scratch. With kitchen systems and key refrigeration components already present, a new owner can focus on maintaining day-to-day operations and customer service. Financial information is available to qualified buyers with a signed confidentiality statement.
The restaurant has high visibility from SR 49 and approximately 150 feet of road frontage, supported by a large paved parking lot for customer convenience. The offering is located at 7736 Route 49 in Osceola, Pennsylvania.
For operators and investors, the combination of an established local business history and in-place food service infrastructure can reduce the uncertainty of starting from scratch. With kitchen systems and key refrigeration components already present, a new owner can focus on maintaining day-to-day operations and customer service. Financial information is available to qualified buyers with a signed confidentiality statement.
Key Highlights
- Well‑established restaurant and ice cream business with high visibility from SR 49
- Over 150 ft of road frontage on SR 49
- In operation for over 20 years and well maintained
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 | $34.2k | $12.24 |
| − Vacancy | −$3.6k | −$1.29 |
| EGI | $30.6k | $10.95 |
| − OpEx | −$7.7k | −$2.74 |
| NOI | $23.0k | $8.22 |
2,795 SF · lease $12.24/SF/yr · vacancy 10.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$328.1K
$287.1K – $382.7K
NOI $22,964 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$476.1K
$416.6K – $555.5K
NOI $33,328 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16942, PA
716
Population
386
Households
1.9
Avg Household Size
46
Median Age
11%
College-Educated
90%
High-School Grad
21.4 sq mi
ZIP Area
33
Density / Sq Mi
$50,982
Median Household Income
$42,277
Median Earnings
$817
Median Rent
$132,700
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 - Well-maintained restaurant and ice cream operation with drive-up friendly road visibility and substantial paved parking.
Where is this conventional restaurant located?
The property is located at 7736 Route 49 Osceola, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Well‑established restaurant and ice cream business with high visibility from SR 49; Over 150 ft of road frontage on SR 49; In operation for over 20 years and well maintained
