115 Hudson RdPlains, PA 18705

Property Details for 115 Hudson Rd

Lot size

0.92 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

50-G10NE3-010-007

APU

50G10NE3010007

Description

This exceptional turnkey investment opportunity presents a well-established bar and restaurant located at 115 Hudson Rd, Plains, PA 18705. The property, boasting 3,745 square feet across two stories, sits on a 0.92-acre lot and is zoned for commercial use. Built in 1970, the building features a fully equipped kitchen and bar, ready for immediate operation. The sale includes a valuable existing liquor license, eliminating a significant hurdle for new owners. Ample parking is available, accommodating over 30 vehicles. This single-unit property offers a unique chance to acquire a profitable, established business with significant potential. The asking price is $495,000, translating to $132.18 per square foot. This owner/user investment opportunity is perfect for an experienced restaurateur looking to step into a ready-made operation or a savvy investor seeking a strong return. The property's prime location in Luzerne County, Pennsylvania, ensures high visibility and accessibility. Don't miss this chance to own a thriving business in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $11,393,985

  6.5%

  $10,517,524

  7%

  $9,766,273

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,948,161

  Geo Method

  $13,195,223

• Alternative Use

  Use

  Valuation

  Residential

  $8,871,925

  Hospitality

  $8,126,636

  Educational

  $6,761,266

  Medical

  $6,993,796

  Retail

  $10,517,524

Location Insight

City

Plains

County

Luzerne

State

Pennsylvania

Latitude

41.2758

Longitude

-75.8403

CBSA code

42540

CBSA name

SCRANTON--WILKES-BARRE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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