Established Restaurant with Liquor
For Sale
Contact for pricing
2136 Lake Ariel Hwy, Lake Ariel, PA 18436
Turn-key restaurant for sale with expansion potential.
Property Size5,080 SF
Lot Size26.00 Acres
Price / SF$176.97
Days on Market751
Property Features for 2136 Lake Ariel Hwy
General Information
Standard status
Active
Size
5,080 SF
Lot size
26.00 Acres
Property subtype
Retail
Zoning
No Zoning
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2010
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Davis R. Chant Realtors
Listed By:
Eric Ehrhardt · License #PA RS140542A
(570) 226-4518
Source:
Crexi
Added: Oct 1, 2024
Changed: Oct 3
Last Checked: Oct 20 at 8:42PM
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 Davis R. Chant Realtors
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Investment Insights
Based on property information with market context.
A well-established restaurant in Lake Ariel, PA, is available for purchase. The sale includes all equipment, furniture, and a liquor license. The property is located close to major housing developments, the town of Lake Ariel, and Honesdale. The restaurant features a primary dining room with 80 seats and a large bar, as well as a second dining room suitable for private parties and events. Additionally, there is a large pavilion with an outside bar and service area, and a large backyard for special events and outside entertainment. The property spans over 26 acres and has over 1000 feet of frontage on Route 191, offering room for future expansion or development. The building size is 5080 square feet. This property is intended for use as a conventional restaurant.
Key Highlights
- Turn‑key restaurant with all equipment, furniture, and Liquor License included.
- Over 26 acres of property with over 1000 feet of frontage on Route 191, allowing for future expansion or development.
- Multiple dining areas: primary dining room (80 seats), private party room, and large outdoor pavilion with bar.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,494
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,880
$1.3M
Cap Rate 7%
$935,629
$935.6K
Cap Rate 9%
$727,711
$727.7K
Market Conditions
NOI Build-Up for 5,080 SF
Gross rent
$91.4K $18.00/SF
− Vacancy
−$4.1K −$0.81/SF
EGI
$87.3K $17.19/SF
− OpEx
−$21.8K −$4.30/SF
NOI
$65.5K $12.89/SF
Area
Wayne County, PA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,880
Cap Rate 7%
$935,629
Cap Rate 9%
$727,711
Alternative Uses
Best Use
Specialty Retail
$935.6K
$818.7K – $1.09M
NOI $65,494 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,710 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18436, PA
13,576
Population
9,747
Households
1.4
Avg Household Size
51
Median Age
20%
College-Educated
92%
High-School Grad
98.8 sq mi
ZIP Area
137
Density / Sq Mi
$73,209
Median Household Income
$36,675
Median Earnings
$890
Median Rent
$222,000
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 - Turn-key restaurant for sale with expansion potential.
Where is this conventional restaurant located?
The property is located at 2136 Lake Ariel Hwy Lake Ariel, PA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Turn‑key restaurant with all equipment, furniture, and Liquor License included.; Over 26 acres of property with over 1000 feet of frontage on Route 191, allowing for future expansion or development.; Multiple dining areas: primary dining room (80 seats), private party room, and large outdoor pavilion with bar.
