Turnkey Restaurant Building with ADA
For Sale
$895,000
Real Estate and/or Business, Walnutport, PA 18088
SINGLE_FAMILY - Walnutport Boro, PA
Property Size5,193 SF
Lot Size0.53 Acres
Price / SF$172.35
Days on Market168
Property Features for Real Estate and/or Business
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-Commercial
Parking
18
Parking features
Parking Lot
Security features
Security
Elementary school district
Northern Lehigh
Middle school district
Northern Lehigh
High school district
Northern Lehigh
Directions
Confidential Listing - Covenant of Confidentiality (document) required and must be submitted to the listing agent prior to release of financials or additional business information. Proof of financial capability and relevant experience required.
Subdivision
Walnutport
Standard status
Active
Size
5,193 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Annual Amount
9108
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1947
Building materials
AluminumSiding, Asphalt, Block, Concrete, Stone, StoneVeneer, VinylSiding
Roof type
Composition
Listing Agency:
HowardHanna TheFrederickGroup · Howard Hanna
(610) 398-0411
Listed By:
Veronica Slesinski
(610) 398-0411
Added: Feb 21
Changed: Aug 1
Last Checked: Aug 8 at 7:06PM
MLS# 771855
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.
Turnkey restaurant building featuring a 5,193 square foot commercial structure with a 60-seat dining area and a front-of-house layout designed for efficient customer flow. The property was rehabbed in 2019 and includes furniture, fixtures, and equipment. A fully equipped commercial kitchen is included, outfitted with commercial stoves, pizza ovens, and a large walk-in refrigerator.
The restaurant is fully ADA-accessible, with compliant restrooms and a handicap-accessible entrance. For operations and site needs, the building offers central air, public water, and public sewer, with a composition roof. Parking is available on site via a parking lot, supporting patron access along a highly visible commercial corridor.
Set on a 0.533-acre lot and built in 1947, the property is zoned C-Commercial. In addition to continued restaurant use, the upper-level space may provide flexibility for additional commercial opportunities or a potential residential apartment conversion.
The restaurant is fully ADA-accessible, with compliant restrooms and a handicap-accessible entrance. For operations and site needs, the building offers central air, public water, and public sewer, with a composition roof. Parking is available on site via a parking lot, supporting patron access along a highly visible commercial corridor.
Set on a 0.533-acre lot and built in 1947, the property is zoned C-Commercial. In addition to continued restaurant use, the upper-level space may provide flexibility for additional commercial opportunities or a potential residential apartment conversion.
Key Highlights
- 5,193 SF restaurant building
- Rehabbed in 2019; furniture, fixtures, and equipment included
- 60‑seat dining area with display cases and coffee machines
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
$53,864
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
6.02%
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%
$1,077,280
$1.1M
Cap Rate 7%
$769,486
$769.5K
Cap Rate 9%
$598,489
$598.5K
Market Conditions
NOI Build-Up for 5,193 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
$77.9K $15.00/SF
− Vacancy
−$6.1K −$1.17/SF
EGI
$71.8K $13.83/SF
− OpEx
−$18.0K −$3.46/SF
NOI
$53.9K $10.37/SF
Area
Northampton County, PA
Vacancy
7.80%
Lease Rate
$15.00 /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%
$1,077,280
Cap Rate 7%
$769,486
Cap Rate 9%
$598,489
Alternative Uses
Best Use
Specialty Retail
$769.5K
$673.3K – $897.7K
NOI $53,864 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$984.9K
$861.8K – $1.15M
NOI $68,946 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
2k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
KeyBank
Shops & Services
2,045 visits/mo
0.2 miles
Demographics for 18088, PA
8,603
Population
3,612
Households
2.4
Avg Household Size
48
Median Age
19%
College-Educated
94%
High-School Grad
19.1 sq mi
ZIP Area
450
Density / Sq Mi
$76,025
Median Household Income
$46,269
Median Earnings
$1,236
Median Rent
$241,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant building with a 60-seat dining area, fully ADA-accessible layout, and a fully equipped commercial kitchen.
Where is this conventional restaurant located?
The property is located at Real Estate and/or Business Walnutport, PA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 5,193 SF restaurant building; Rehabbed in 2019; furniture, fixtures, and equipment included; 60‑seat dining area with display cases and coffee machines
