87 Wood St Wilkes Barre, PA 18702-3611
- Bars
- 0.21 lot acres
Current Use by Public Records
- Whiskey Business / Bar
- LibertyX Bitcoin ATM / Atm
Property Details for 87 Wood St
- Lot size
- 0.21 lot acres
- Property type
- Bars
- Property subtype
- Pubs
- APN
- 73-H9SE4-015-018
- APU
- 73H9SE4015018
Description
This exceptional opportunity presents the sale of a well-established neighborhood tavern and restaurant in Wilkes-Barre, Pennsylvania. Located at 87 Wood St, this business has thrived since 1994, boasting a loyal clientele and a strong team of long-term employees. The property includes a two-story building, totaling 4,420 square feet, situated on a 0.42-acre lot. The first floor is a fully operational tavern offering beer, liquor, and food service, featuring seating for approximately 59 patrons (29 bar stools and tables for 30). The tavern is equipped with extensive amenities, including 11 big-screen TVs, a pool table, foosball table, a 12-head tap system, walk-in cooler, multiple freezers, a safe, a camera system, commercial kitchen equipment (range, fryers, slicer), 11 smoke eaters, and a ceiling-mounted surround sound system. The second floor, currently used for storage, is a finished 2-bedroom apartment. The sale includes all trade fixtures, tavern amusements, and two on-site storage trailers containing additional amusement machines and parts (trailers and contents are included in the sale, or can be removed prior to closing). The property is zoned R-2 and comes with a restaurant liquor license, including permits for amusements and Sunday sales. This owner-user investment opportunity is priced at $550,000. Built in 1930, this property offers a unique blend of established business and real estate potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $335,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $280,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $290,000
- Retail
- $385,000
- Mixed-Use
- $295,000
- Hospitality
- $300,000
- Educational
- $360,000
- Residential Income
- $375,000
- Energy
- $375,000
- Income-Based Land
- $375,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Wilkes Barre
- County
- Luzerne
- State
- Pennsylvania
- Longitude
- -75.9018
- Latitude
- 41.238
- CBSA code
- 42540
- CBSA name
- SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA