Renovated Restaurant With Two
For Sale
$999,900
Confidential, Slatington, PA 18080
CommercialSale, Slatington Boro, PA
Property Size4,620 SF
Lot Size0.14 Acres
Price / SF$216.43
Days on Market47
Property Features for Confidential
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
TR
Parking
6
Parking features
Off Street, Garage
Elementary school district
Northern Lehigh
Middle school district
Northern Lehigh
High school district
Northern Lehigh
Directions
Confidential
Subdivision
Slatington
Standard status
Active
APN
556203814472-1
Size
4,620 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
7595
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Number of units
4
Listing Agency:
CENTURY 21 Keim Realtors · Century 21 Real Estate
(610) 395-0393
Listed By:
Shane R. Keyser
(610) 509-4768
Added: Aug 4
Changed: Sep 12
Last Checked: Sep 19 at 10:06AM
MLS# 782088
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.
This 4,620-square-foot restaurant property occupies 0.137 acres and has undergone extensive renovation. The layout includes two bars, indoor and outdoor seating, 38 bar seats, and room for an additional 80 guests. Updated furnishings, recently serviced equipment, new windows, a natural-gas heating system, central air conditioning, and a camera-equipped security system support ongoing operations. The property also includes two renovated apartments.
Parking consists of six off-street spaces, a two-car garage, and public water and sewer service. Built in 1900, the property is zoned TR and combines restaurant improvements with residential components in a compact commercial setting.
Parking consists of six off-street spaces, a two-car garage, and public water and sewer service. Built in 1900, the property is zoned TR and combines restaurant improvements with residential components in a compact commercial setting.
Key Highlights
- 4,620‑square‑foot restaurant property on 0.137 acres
- Two bars with 38 bar seats and additional capacity for 80 guests
- Two fully renovated apartments included
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
$47,557
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
4.76%
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%
$951,140
$951.1K
Cap Rate 7%
$679,386
$679.4K
Cap Rate 9%
$528,411
$528.4K
Market Conditions
NOI Build-Up for 4,620 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
$83.2K $18.00/SF
− Vacancy
−$7.1K −$1.53/SF
EGI
$76.1K $16.47/SF
− OpEx
−$28.5K −$6.18/SF
NOI
$47.6K $10.29/SF
Area
Lehigh County, PA
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$951,140
Cap Rate 7%
$679,386
Cap Rate 9%
$528,411
Alternative Uses
Best Use
Mixed Use
$679.4K
$594.5K – $792.6K
NOI $47,557 @ 7.0% cap · market cap 4.76%
Second Best
Specialty Retail
$528.0K
$462.0K – $616.1K
NOI $36,963 @ 7.0% cap · market cap 3.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
128k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Groceries 31%
Dining 27%
Beauty & Spa 1%
Giant Food Store
Groceries
35,829 visits/mo
0.4 miles
McDonald's
Dining
29,308 visits/mo
0.5 miles
Dollar Tree
Shops & Services
19,371 visits/mo
0.4 miles
Dollar General
Shops & Services
11,593 visits/mo
0.4 miles
Sunoco
Shops & Services
9,256 visits/mo
0.2 miles
Demographics for 18080, PA
11,454
Population
4,947
Households
2.3
Avg Household Size
45
Median Age
20%
College-Educated
91%
High-School Grad
30.2 sq mi
ZIP Area
379
Density / Sq Mi
$73,947
Median Household Income
$47,723
Median Earnings
$808
Median Rent
$254,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated restaurant property with indoor and outdoor seating, apartments, parking, and modern mechanical systems.
Where is this conventional restaurant located?
The property is located at Confidential Slatington, 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: 4,620‑square‑foot restaurant property on 0.137 acres; Two bars with 38 bar seats and additional capacity for 80 guests; Two fully renovated apartments included
