2305 Wilmington Rd - Restaurant FOR SALE


New Castle, PA 16105
$1,500,000 USD
724-971-8037
2305 Wilmington Rd, New Castle, PA for Sale
$1,500,000 USD
Restaurant - FOR SALE
1/22
null | Request Cap Rate

2305 Wilmington Rd
New Castle, PA 16105


HIGHLIGHTS

  • Restaurant & Strip Mall
  • Large Parking Lot

OVERVIEW

Attention sports fans and savvy investors! Here's your chance to own a piece of local history. Did you know that Chuck Tanner, the iconic baseball manager, once owned a restaurant? Now, you can take the reins and continue his legacy while building your own successful business. This sprawling property offers an incredible opportunity with a large, well-established restaurant, a small strip mall, and two fully rented residential properties, providing multiple income streams. Located in Neshannock Township, Lawrence County, PA, this versatile property is a unique investment opportunity that combines commercial and residential potential. The restaurant is spread across two levels: the upstairs boasts a fully equipped kitchen, two bathrooms, a spacious dining area, and a bar, while the downstairs features an additional kitchen, two bathrooms, and two banquet halls, perfect for hosting large events. In addition to the restaurant, you'll also own a four-unit office strip, with all spaces currently rented, ensuring a steady stream of rental income. Optional for purchase are two fully rented residential properties, further increasing your cash flow. The property is ideally situated in a prime location, offering easy access to local amenities and a strong, loyal customer base. This is an exciting opportunity to invest in a thriving restaurant business, with a well-established reputation, diverse income sources, and significant potential for growth. Chuck Tanner's Restaurant has been a landmark in New Castle, PA, since its opening in 1990. Known for its unique architectural design and welcoming family atmosphere, it has become a favorite destination for locals and visitors alike. The restaurant offers a diverse menu featuring Italian, Mediterranean, and American cuisine, with dishes that satisfy every palate. Since 1996, the Papazekos family has managed the restaurant, building on over 35 years of experience in the industry. Thanks to their dedication and the restaurant's loyal clientele, Chuck Tanner's Restaurant has flourished, attracting customers from all over Western Pennsylvania and Eastern Ohio. Seize this exceptional opportunity to own a piece of history and invest in a thriving, multi-faceted business today!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$242 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Chuck Tanner's Restaurant & Strip Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

C1

APN/PARCEL ID

25-118600, 25-118700, 25-025600

ASK ABOUT THIS PROPERTY

Keri ThomasKW CommercialMore Info
724-971-8037

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Keri ThomasKW CommercialMore Info
724-971-8037

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.