Listing Agency: BHGRE GSA Realty Altoona i***@gsarealty.com

Listed By: Matthew Gallaher Show Phone

Source: Exprealty

Added: Oct 25 Changed: Oct 27 Last Checked: Oct 28 at 1:33PM

Report an Issue

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 BHGRE GSA Realty Altoona

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This restaurant property includes a two-bedroom, one-bathroom apartment above the dining operation, along with appliances, equipment, and food inventory. The building contains 2,850 square feet, and the property encompasses three lots. A one-bay garage adds separate enclosed space, while a large parking area serves the restaurant and its guests.

Located at 861 Main St in Coalport, Pennsylvania, the property combines restaurant space with an upstairs apartment and additional site features.

Key Highlights

• 2,850‑square‑foot restaurant property
• Two‑bedroom, one‑bathroom apartment above the restaurant
• Appliances, restaurant equipment, and food inventory included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,215

Cap Rate

8.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$564,300 $564.3K

Cap Rate 7%

$403,071 $403.1K

Cap Rate 9%

$313,500 $313.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,850 SF

Gross rent

$51.3K $18.00/SF

− Vacancy

−$6.2K −$2.16/SF

EGI

$45.1K $15.84/SF

− OpEx

−$16.9K −$5.94/SF

NOI

$28.2K $9.90/SF

Area

Clearfield County, PA

Vacancy

12.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$564,300

Cap Rate 7%

$403,071

Cap Rate 9%

$313,500

Alternative Uses

Best Use

Mixed Use

$403.1K

$352.7K – $470.3K (±1% cap)

NOI $28,215 @ 7.0% cap · market cap 8.30%

Second Best

Specialty Retail

$383.7K

$335.7K – $447.7K (±1% cap)

NOI $26,859 @ 7.0% cap · market cap 7.90%

Theoretical Best

Office A

$628.5K

$549.9K – $733.3K (±1% cap)

NOI $43,995 @ 7.0% cap · market cap 12.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Gingers Family Restaurant Restaurant

Suggested Use

Top Pick Auto Repair Shop Real Estate Agency Big Box & Wholesale Store Building Supply Grocery & Convenience Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Explore this area Business Placement

Demographics for 16627, PA

2,199

Population

1,014

Households

2.2

Avg Household Size

46

Median Age

11%

College-Educated

92%

High-School Grad

32.3 sq mi

ZIP Area

68

Density / Sq Mi

$51,047

Median Household Income

$37,288

Median Earnings

$817

Median Rent

$90,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The sale includes restaurant appliances and equipment, food inventory, three lots, a one-bay garage, and customer parking.

Where is this mixed-use property located?

The property is located at 861 Main St Coalport, PA.

What is the asking price?

The asking price for this property is $340,000.

What are key features of this property?

This property features: 2,850‑square‑foot restaurant property; Two‑bedroom, one‑bathroom apartment above the restaurant; Appliances, restaurant equipment, and food inventory included