Restaurant and Bar with Exterior
For Sale
$999,900
874 State Route 903, Jim Thorpe, PA 18229
COMMERCIAL - Penn Forest Twp, PA
Property Size5,000 SF
Lot Size2.00 Acres
Price / SF$199.98
Days on Market381
Property Features for 874 State Route 903
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
50
Parking features
Off Street, Parking Lot
Exterior features
PropaneTankLeased
Directions
Route 209 to Route 903 in Jim Thorpe follow to restaurant on right
Subdivision
Penn Forest
Standard status
Active
APN
67-51-A11.04
Lot size
2.00 Acres
Taxes and HOA fees
Tax Annual Amount
6132
Utilities
Sewer type
Septic Tank
Heating system
Propane (Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
1986
Listing Agency:
Real Estate of America
(610) 351-7900
Listed By:
Woody Howell
(610) 216-9470
Added: Jul 29, 2025
Changed: Aug 4
Last Checked: Aug 13 at 6:06AM
MLS# 761625
Copyright © 2026 Greater Lehigh Valley REALTORS. 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.
A newly refurbished restaurant and bar offering 5,000 square feet of space on a 2-acre property. The layout features a large dining room with gleaming hardwood flooring and panoramic glass walls, a welcoming bar, a private party room that hosts events weekly, and a spacious exterior deck and landscaped grounds.
The property is positioned on a major roadway in Penn Forest Twp and is just under five miles from activity in Jim Thorpe. A public park and ride for hundreds of vehicles sits directly across the street, supporting additional year-round traffic.
The sale includes the real estate, all equipment, and an R-liquor license. On-site operations are supported by propane heating and central air, with water provided by a well and wastewater handled by a septic tank. Off-street parking is available in a parking lot. Year built is 1986, and the propane tank is leased.
The property is positioned on a major roadway in Penn Forest Twp and is just under five miles from activity in Jim Thorpe. A public park and ride for hundreds of vehicles sits directly across the street, supporting additional year-round traffic.
The sale includes the real estate, all equipment, and an R-liquor license. On-site operations are supported by propane heating and central air, with water provided by a well and wastewater handled by a septic tank. Off-street parking is available in a parking lot. Year built is 1986, and the propane tank is leased.
Key Highlights
- 5,000 SF newly refurbished restaurant and bar on 2 acres
- Large dining room with gleaming hardwood flooring and panoramic glass walls
- Welcoming bar plus a private party room that hosts events weekly
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,760
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,375,200
$1.4M
Cap Rate 7%
$982,286
$982.3K
Cap Rate 9%
$764,000
$764.0K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$96.0K $19.20/SF
− Vacancy
−$4.3K −$0.86/SF
EGI
$91.7K $18.34/SF
− OpEx
−$22.9K −$4.58/SF
NOI
$68.8K $13.75/SF
Area
Carbon County, PA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,375,200
Cap Rate 7%
$982,286
Cap Rate 9%
$764,000
Alternative Uses
Best Use
Specialty Retail
$982.3K
$859.5K – $1.15M
NOI $68,760 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18229, PA
8,322
Population
4,820
Households
1.7
Avg Household Size
49
Median Age
27%
College-Educated
95%
High-School Grad
55.3 sq mi
ZIP Area
150
Density / Sq Mi
$67,642
Median Household Income
$40,830
Median Earnings
$931
Median Rent
$215,400
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 - Newly refurbished restaurant and bar with a spacious deck, private party room, central air, and off-street parking.
Where is this conventional restaurant located?
The property is located at 874 State Route 903 Jim Thorpe, PA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 5,000 SF newly refurbished restaurant and bar on 2 acres; Large dining room with gleaming hardwood flooring and panoramic glass walls; Welcoming bar plus a private party room that hosts events weekly
