Turn-Key Restaurant and
For Sale
Contact for pricing
Pending
655 Route 61, Orwigsburg, PA 17961
Fully equipped restaurant and bar with owner's quarters.
Property Size3,500 SF
Days on Market688
Property Features for 655 Route 61
General Information
Standard status
Pending
Size
3,500 SF
Total Parking Spaces
50
Property subtype
Retail
Zoning
COMM
Building Details
Year Built
1958
Listing Agency:
Keller Williams Platinum Realty
Listed By:
Peter Heim · License #AB048180L
(610) 898-1441
Source:
Crexi
Added: Oct 18, 2024
Changed: Aug 8
Last Checked: Jul 25 at 2:19PM
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.
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
$34,776
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
5.80%
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%
$695,520
$695.5K
Cap Rate 7%
$496,800
$496.8K
Cap Rate 9%
$386,400
$386.4K
Market Conditions
NOI Build-Up for 3,500 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
$50.4K $14.40/SF
− Vacancy
−$4.0K −$1.15/SF
EGI
$46.4K $13.25/SF
− OpEx
−$11.6K −$3.31/SF
NOI
$34.8K $9.94/SF
Area
Schuylkill County, PA
Vacancy
8.00%
Lease Rate
$14.40 /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%
$695,520
Cap Rate 7%
$496,800
Cap Rate 9%
$386,400
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17961, PA
6,659
Population
2,907
Households
2.3
Avg Household Size
50
Median Age
35%
College-Educated
95%
High-School Grad
25.6 sq mi
ZIP Area
260
Density / Sq Mi
$96,354
Median Household Income
$63,346
Median Earnings
$925
Median Rent
$223,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
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.
