This exceptional turn-key restaurant opportunity is located on Main Street in Hellertown, Pennsylvania. The property boasts a beautiful stone building encompassing 9,533 square feet, with 3,000 square feet currently available for lease. The space features a fully equipped restaurant and bar, complete with a separate dining area, creating a versatile layout ideal for various culinary concepts. Recent renovations have enhanced the property's appeal, adding modern amenities while preserving its character. A key feature is the inclusion of a spacious patio area, perfect for outdoor dining, and a convenient parking lot with 10 spaces. Adding to the value proposition, a Northampton County R liquor license is available for purchase with the lease, providing a significant advantage for prospective operators. The property is zoned TC, and the building is a single-tenant space. The existing layout includes a pool table, adding to the unique ambiance. This is a rare opportunity to acquire a well-equipped, recently renovated restaurant with a prime location and the added benefit of a readily available liquor license. The combination of location, amenities, and license makes this a highly desirable investment.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,689,818
6.5%
$2,482,909
7%
$2,305,558
Comparable approach
Method
Valuation
Relative Method
$2,946,792
Geo Method
$2,927,117
Alternative Use
Use
Valuation
Residential
$2,710,615
Hospitality
$2,482,909
Educational
$2,065,751
Medical
$2,136,796
Retail
$3,213,390
Location Insight
City
Hellertown
County
Northampton
State
Pennsylvania
Latitude
40.578
Longitude
-75.3404
CBSA code
10900
CBSA name
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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