Property profile

655 Route 61 Orwigsburg, PA 17961

OFF-MARKET
Retail properties & Spaces
3,500 SF 3.9 ac lot Built 1958
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Property summary

AI-generated overview

This 3,500 square foot restaurant, located at 655 Route 61 in Orwigsburg, Pennsylvania, is a fantastic opportunity for a savvy investor. Priced at $899,900, this fee simple property sits on a 3.9-acre lot and boasts 50 parking spaces. Built in 1958, the building features a spacious second-story owner's quarters, a large basement ideal for storage, and central air conditioning. The restaurant is fully equipped and includes inventory, the business name, and a liquor license – everything needed to immediately resume operations. The property has a COMM zoning designation, offering potential for various uses (verification with the Orwigsburg borough zoning department is recommended). Heating is provided by propane (owned) and baseboard electric, while hot water is electric. The building has copper plumbing, a shingle and rubber roof, and is served by a 200+ amp electrical service. On-site septic and a well provide water and sewer services. Annual property taxes are $5,747 (2023). The property is conveniently located on Route 61, offering excellent visibility and accessibility. Handicap parking is available. This turn-key operation seats approximately 150 patrons. The Blue Mountain School District serves the area.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1958
Total area 3,500 SF
Lot 3.9 ac (169,884 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

655 Route 61 Orwigsburg, PA 17961
Orwigsburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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