Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    215 Main St Plymouth, PA 18651

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    215 Main St Plymouth, PA 18651

    View on Map
    • Retail properties & Spaces
    • 1,584 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 215 Main St

    Property size
    1,584 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional commercial property, located at 215 E. Main Street in Plymouth, Pennsylvania (zip code 18651), presents a fantastic opportunity for a discerning buyer. The 1,584 square foot space is ideally suited for a restaurant, boasting a lovely remodeled interior ready for immediate occupancy. Situated on a high-traffic area of Route 11, this location ensures excellent visibility and accessibility for customers. The property features a fully equipped kitchen and ample storage space, perfect for efficient food preparation and service. The layout includes handicap accessibility, multiple restrooms, and ample parking, catering to a diverse clientele. The restaurant can comfortably seat over 70 patrons. The building is equipped with gas heat, central air conditioning, and a security system. Exterior signage is also in place. All existing furniture and kitchen equipment are negotiable, offering flexibility for the new owner to customize the space to their specific needs. This turnkey operation is ready for your business concept to thrive. Don't miss this chance to own a well-established commercial space in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Luzerne
    State
    Pennsylvania
    Longitude
    -75.9405
    Latitude
    41.2426

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      Flt Rd

      NURSERY, GREENHOUSE, FLORIST • 0.12 Acres
      Flt Rd, Plymouth, PA 18651
      View Details
    • Value Estimation by Request
      0.15 Acres

      149 Main St

      RESTAURANT • 0.15 Acres
      149 Main St, Plymouth, PA 18651-3018
      View Details
    • Value Estimation by Request
      0.29 Acres

      Main St

      RESTAURANT • 0.29 Acres
      Main St, Plymouth, PA 18651
      View Details
    • Value Estimation by Request
      0.53 Acres

      20 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.53 Acres
      20 Main St, Plymouth, PA 18651
      View Details
    • Value Estimation by Request
      0.13 Acres

      177 Main St

      BAR, TAVERN • 0.13 Acres
      177 Main St, Plymouth, PA 18651-3018
      View Details
    • Value Estimation by Request
      0.55 Acres

      1477 Main St

      RESTAURANT • 0.55 Acres
      1477 Main St, Plymouth, PA 18651-4632
      View Details

    Similar Nearby for Sale

    • $625,000
      3,200 SF

      Turnkey Bar/Club Opportunity

      Well-maintained bar/club with licenses and parking for sale.
      1477 W Main St, Plymouth, PA 18651
      View Details
    • Contact for pricing
      1,660 SF

      Remodeled Restaurant Space with Parking

      Newly remodeled restaurant space available for sale with parking.
      215 E Main St, Plymouth, PA 18651
      View Details
    • $579,000
      9,543 SF

      Plymouth Commercial Gem - Main Street

      Historic bank building, 9,500+ sq ft, multi-use potential.
      117 Main St, Plymouth, PA 18651
      View Details
    • $579,000
      9,543 SF

      Renovated Bank Building, Plymouth

      Classic building suitable for office, retail, or restaurant use.
      117 W Main St, Plymouth, PA 18651
      View Details
    • $99,000
      800 SF

      57 Allan St, Plymouth, PA 18651

      Commercial real estate • 800 SF
      57 Allan St, Plymouth, PA 18651
      View Details
    • Contact for pricing
      10,400 SF

      Larksville Commercial Building on Route 11

      10,400 SF building on 1.1 acres, ideal for retail.
      700 E Main St, Larksville, PA 18651
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo
      2,100 SF

      Commercial Space with Pizza Oven

      2100 sq ft commercial space with parking and pizza oven.
      237 W Main St, Plymouth, PA 18651
      View Details
    • Contact for pricing

      Larksville Commercial Building on Route 11

      Commercial building on 1.1 acres with expansion potential.
      700 E Main St, Larksville, PA 18651
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 Main St
    Plymouth, PA 18651
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!