117 Main StHallstead, PA 18822

Property Details for 117 Main St

Lot size

0.69 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

050.12-1,002.00,000.

APU

5012100200000

Description

This exceptional turnkey opportunity presents a well-established restaurant and bar in Hallstead, PA, ideally situated on a 0.69-acre lot at 117 Main Street. The 5,000 square foot building, completely rebuilt in 1999, boasts a spacious dining area with a secondary smaller room, a comfortable bar with ample seating, and a fully equipped kitchen featuring a walk-in beer cooler, walk-in freezer, and walk-in refrigerator. The property includes a significant advantage with an existing liquor license, ensuring a seamless transition for the new owner. The current staff is eager to continue their employment, offering immediate operational continuity. An additional 2,000 square feet of unfinished space above the main level presents a substantial expansion opportunity, potentially for residential or commercial use. The building is equipped with 400-amp 3-phase electric and a whole-building backup generator, ensuring reliable operation. Heating is provided by propane and/or electric, supplemented by central air conditioning. Public water and sewer services are readily available. Ample parking is available on-site. The property benefits from its location on a high-traffic road, just one mile from a major I-81 exit in Northeast PA, providing excellent visibility and accessibility. Recreational opportunities abound with nearby public access to the Susquehanna River, including a boat ramp for fishing enthusiasts. The seller may offer financial assistance to qualified buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $10,975,573

  6.5%

  $10,131,298

  7%

  $9,407,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,962,855

  Geo Method

  $9,896,335

• Alternative Use

  Use

  Valuation

  Residential

  $8,546,129

  Hospitality

  $7,828,208

  Educational

  $6,512,978

  Medical

  $6,736,968

  Retail

  $10,131,298

Location Insight

City

Hallstead

County

Susquehanna

State

Pennsylvania

Latitude

41.9539

Longitude

-75.7436

Property Tax & Assessments

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