Turn-Key Restaurant and
655 Route 61 Orwigsburg, PA 17961
655 Route 61, Orwigsburg, PA, 17961
Contact for pricing
For Sale
Contact for pricing
Fully equipped restaurant and bar with owner's quarters.
Property Size3,500 SF
Price / SF$171.40
Days on Market643
Property Features for 655 Route 61
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1958
Listing agency
Keller Williams Platinum Realty
(610) 898-1441
Listed by
Peter Heim · License #AB048180L
Source
Crexi
Added: Oct 18, 2024 Updated: Jul 10 at 11:22AM Checked: Jul 20 at 5:34AM
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 Keller Williams Platinum Realty
Investment Insights
Based on property information with market context.
This turn-key restaurant and bar is ready to reopen for food service immediately. The property, located on PA-61 within Orwigsburg Borough, includes all equipment, inventory, the business name, and a liquor license. The restaurant and bar seats approximately 150 people in total. A spacious owner's quarters is located on the second story. The property has potential for various uses, which should be verified with the borough's zoning department. A large basement with high ceilings is currently used for the restaurant's storage needs. The property size is 3500 square feet.
Key Highlights
- Turn‑key restaurant and bar ready to reopen immediately with all equipment, inventory, business name, and liquor license included.
- Excellent location on PA‑61 in Orwigsburg borough.
- Seating capacity for approximately 150 people.
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 | $50.4k | $14.40 |
| − Vacancy | −$4.0k | −$1.15 |
| EGI | $46.4k | $13.25 |
| − OpEx | −$11.6k | −$3.31 |
| NOI | $34.8k | $9.94 |
3,500 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$496.8K
$434.7K – $579.6K
NOI $34,776 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.0K
$459.4K – $612.5K
NOI $36,750 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- Schuylkill Country Club — 877 W Market St, Orwigsburg, PA 17961
FAQs
What type of property is this?
Bar & Pub - Fully equipped restaurant and bar with owner's quarters.
Where is this bar & pub located?
The property is located at 655 Route 61 Orwigsburg, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Turn‑key restaurant and bar ready to reopen immediately with all equipment, inventory, business name, and liquor license included.; Excellent location on PA‑61 in Orwigsburg borough.; Seating capacity for approximately 150 people.
