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Investment Highlights

  • Prime freestanding building in Hawley’s town center
  • Scenic riverfront patio for outdoor dining experiences
  • Surrounded by shops, theaters, and year-round events
  • Fully remodeled interiors with brand-new kitchen equipment
  • High-visibility billboard signage on a major thoroughfare

Executive Summary

ESTABLISHED BUSINESS WITH PROPERTY. Step into a rare opportunity to own a piece of Hawley’s culinary legacy. Joe & Lorenzo’s, an authentic Italian restaurant beloved since 1981, is now available for acquisition along with its freestanding building and property. Perfectly positioned in the heart of Hawley, this prime location offers unmatched visibility with billboard signage and scenic frontage along Middle Creek. The property has been completely renovated from top to bottom, featuring a fully updated kitchen with brand-new equipment, a reimagined dining room, and a riverfront patio designed for an exceptional guest experience.
Surrounded by vibrant local shops, theaters, and seasonal festivals, this site benefits from steady foot traffic and a thriving tourism base drawn to the natural beauty of the Pocono region. Whether you’re an operator seeking a turnkey business or an investor looking for a high-demand hospitality asset, this offering combines heritage, modern efficiency, and unbeatable location appeal.
Ownership is also open to a structured lease arrangement with a qualified operator, including a long-term lease with an option to purchase. Contact agent for leasing details.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Taxes $3,382 $1.93
Operating Expenses - -
Total Expenses $3,382 $1.93

Financial Summary (Actual - 2025)

Taxes
Annual $3,382
Annual Per SF $1.93
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $3,382
Annual Per SF $1.93

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,755 SF
Building Class
C
Year Built/Renovated
2021/2024
Price
$1,200,000
Price Per SF
$683.76
Tenancy
Single
Building Height
2 Stories
Building FAR
0.22
Lot Size
0.18 AC
Zoning
B2 - Commercial retail in town

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,755 SF
  • Restaurant
  • -
  • Now

Rare opportunity to lease a fully built, recently renovated, freestanding restaurant in the heart of Hawley, Pennsylvania—one of the Pocono region’s most active and desirable destination markets. This location, long home to Joe & Lorenzo’s (40+ year operating history), has been completely renovated—interior, exterior, and kitchen—creating a true turnkey, ready-to-operate platform. Ownership is seeking a qualified, experienced restaurant operator capable of stepping into a fully equipped facility and becoming operational immediately—without the time, cost, and risk of a new buildout. The Opportunity: This is not a startup location. This is a fully realized restaurant platform designed for immediate execution. Ideal for established operators—particularly those in pizza, Italian, or high-volume casual dining—who can implement proven systems and maximize a highly visible, high-traffic location. All infrastructure is in place: fully equipped commercial kitchen (major equipment + smallwares), renovated dining areas, freestanding building with strong street presence, riverfront patio enhancing guest experience and capacity, and a prime location within Hawley’s active town center. Immediate upside opportunities include expanded hours of operation, delivery and takeout optimization, menu expansion and concept refinement, and leveraging an established and recognized location. Lease Structure: Long-term lease available. Key money required for turnkey transfer. Rent structured based on operator experience, concept, and term. Built-in escalations for long-term stability. Ownership will structure the lease in a manner that supports a qualified operator’s successful ramp-up, while maintaining a strong long-term position for the asset. Tenant Profile: This opportunity is selectively offered to experienced operators only. Qualified tenants will demonstrate proven restaurant operating history, existing concepts or multi-unit experience, financial capability and operational depth, and ability to open and execute efficiently. Prospective tenants will be expected to present their concept, experience, and operating plan for review and approval. Purchase Opportunity: The property is also available for sale. Ownership is open to a lease with option to purchase or a right of first refusal for tenant. This provides a clear pathway to ownership for a qualified operator seeking to establish operations prior to acquisition. Location Highlights: Central Hawley location with strong year-round activity, surrounded by retail, hospitality, and tourism drivers. High visibility along a primary thoroughfare. Destination market with regional and out-of-state draw. Unique riverfront setting with outdoor dining potential. Positioning: This is a fast-track operating opportunity for a professional operator. Enter a fully built, high-quality environment and begin generating revenue immediately—without the delays, capital requirements, and risks associated with new construction. Confidentiality & Process: This is a select offering. Qualified operators will be provided additional information upon request and will be required to participate in a structured review process prior to lease consideration.

Space Size Space Use Position Available
1st Floor 1,755 SF Restaurant - Now

1st Floor

Size
1,755 SF
Space Use
Restaurant
Position
-
Available
Now

1st Floor

Size 1,755 SF
Space Use Restaurant
Position -
Available Now

Rare opportunity to lease a fully built, recently renovated, freestanding restaurant in the heart of Hawley, Pennsylvania—one of the Pocono region’s most active and desirable destination markets. This location, long home to Joe & Lorenzo’s (40+ year operating history), has been completely renovated—interior, exterior, and kitchen—creating a true turnkey, ready-to-operate platform. Ownership is seeking a qualified, experienced restaurant operator capable of stepping into a fully equipped facility and becoming operational immediately—without the time, cost, and risk of a new buildout. The Opportunity: This is not a startup location. This is a fully realized restaurant platform designed for immediate execution. Ideal for established operators—particularly those in pizza, Italian, or high-volume casual dining—who can implement proven systems and maximize a highly visible, high-traffic location. All infrastructure is in place: fully equipped commercial kitchen (major equipment + smallwares), renovated dining areas, freestanding building with strong street presence, riverfront patio enhancing guest experience and capacity, and a prime location within Hawley’s active town center. Immediate upside opportunities include expanded hours of operation, delivery and takeout optimization, menu expansion and concept refinement, and leveraging an established and recognized location. Lease Structure: Long-term lease available. Key money required for turnkey transfer. Rent structured based on operator experience, concept, and term. Built-in escalations for long-term stability. Ownership will structure the lease in a manner that supports a qualified operator’s successful ramp-up, while maintaining a strong long-term position for the asset. Tenant Profile: This opportunity is selectively offered to experienced operators only. Qualified tenants will demonstrate proven restaurant operating history, existing concepts or multi-unit experience, financial capability and operational depth, and ability to open and execute efficiently. Prospective tenants will be expected to present their concept, experience, and operating plan for review and approval. Purchase Opportunity: The property is also available for sale. Ownership is open to a lease with option to purchase or a right of first refusal for tenant. This provides a clear pathway to ownership for a qualified operator seeking to establish operations prior to acquisition. Location Highlights: Central Hawley location with strong year-round activity, surrounded by retail, hospitality, and tourism drivers. High visibility along a primary thoroughfare. Destination market with regional and out-of-state draw. Unique riverfront setting with outdoor dining potential. Positioning: This is a fast-track operating opportunity for a professional operator. Enter a fully built, high-quality environment and begin generating revenue immediately—without the delays, capital requirements, and risks associated with new construction. Confidentiality & Process: This is a select offering. Qualified operators will be provided additional information upon request and will be required to participate in a structured review process prior to lease consideration.

Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
011736
Land Assessment
$100,000 (2026)
Improvements Assessment
$91,400 (2026)
Total Assessment
$191,400 (2026)
Annual Taxes
$3,382 ($1.93/SF)
Tax Year
2025
  • Listing ID: 38256690

  • Date on Market: 10/29/2025

  • Last Updated:

  • Address: 121 Main Ave, Hawley, PA 18428

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