Property profile

87 Milanville Rd Beach Lake, PA 18405

FOR SALE
Turn key restaurants
Property ID
US73-0842227
4,601 SF 0.52 ac lot Built 1900
Individually Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a residential multi-family building containing seven units: six efficiency apartments and one 3-bedroom, 1-bath apartment. The first-floor space includes a historic bar/restaurant area that is inactive and comes with a liquor license, with the layout suited for potential conversion to additional residential units or for reactivation as a bar/restaurant with a full kitchen; the space also lends itself to alternative lodging uses such as a bed-and-breakfast configuration. The building is located near Bethel Woods, Beach Lake, and other attractions in the Poconos area. Improvements include a propane furnace and two electric water heaters. The property sits on a 0.52-acre lot and is configured so that the 3-bedroom unit is occupied by an owner, while the remaining apartments have been operated as rental units. The building is offered fully furnished and includes an on-site mix of residential living areas and the historic ground-floor commercial/kitchen space.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Total area 4,601 SF
Lot 0.52 ac (22,695 SF)
APN 01-0-0002-0035
UPID US73-0842227

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

87 Milanville Rd Beach Lake, PA 18405
Beach Lake metro Census 960600
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2006
5 recorded transactions
2022
Price N/A
2021
Price N/A
2021
Price N/A
2006
Price N/A
2005
$145,280

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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More about this property
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