2783 South Park Rd - Flex FOR SALE


Bethel Park, PA 15102
$850,000 USD
2783 South Park Rd, Bethel Park, PA for Sale
$850,000 USD
Flex - FOR SALE
1/40
null | 8.5% Cap Rate

2783 South Park Rd
Bethel Park, PA 15102


HIGHLIGHTS

  • This is a rare opportunity to purchase Ann's Chophouse, a family-owned restaurant and tavern in Bethel Park with a 9.55% CAP rate. Incr yr 2-5
  • Busy business district with 17,000 vehicles passing by each day.
  • Multiple updates inclduing interior, furnaces, A/C units, roof, kitchen,and compressor.
  • Income producing property with restaurant/bar, 3 apartments, and a tanning/beauty shop. All fully leased
  • A 20'x25' building foundation exists at back right corner of property with basement and full utilities plus sewage, previously an ice cream shop.
  • Full basement area for storage (walk out) at this property.

OVERVIEW

Multi-Use Restaurant/Tavern/Apartments/Tanning | 9.55% CAP A rare investment opportunity!! Ann’s Chophouse has been family owned/operated for over 100 years with a generational customer base in a PRIME location in Bethel Park. With over 7,400sqft sitting on 1.17 flat acres (2 parcels), a daily traffic count of over 27,000 vehicles and 60+ parking spaces, this turn-key, income generating opportunity is ready for its legacy to continue. Large dining area w/ seating for over 150 guests, great for large group functions or casual dining. Completely updated / fully equipped kitchen (equipment does not convey w Sale). Full-service bar area seats 38 w/ tons of entertainment machines. Rental income: 3 apartments and Tanning Salon (long term tenants) 100% leased. In addition, Restaurant/bar business leased (5yrs + 5yr renewal) and operating fully. Full bldg pad (with basement) and all utilities at right rear of property (formally very busy ice cream shop-more INCOME). Don’t let this once in a lifetime opportunity slip away to become part of a 50-year tradition in the South Hills!!! MULTIPLE UPDATES within last 3 years (Roof, Kitchen, Electrical System, Compressor and MORE!!). GOI/NOI, CAP rate in MLS attachments. SHOWINGS: Contact John Moses for ALL showings 412.789.7261, listing agent will be present for all showings. SHOWING SCHEDULE: Based on approval of restaurant/bar tenant. Furniture/fixtures/liquor license does not convey. Information deemed reliable but not guaranteed. Buyer is exclusively responsible for the verification of any matter that is material to their decision-making process as it may pertain to this property.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Ann's Chop House

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.2

LAND SF

52,272

ZONING

Commercial

APN/PARCEL ID

0476-S-00095-0000-00,0476-S-00105-0000-00

ASK ABOUT THIS PROPERTY

Dan HaeckColdwell Banker Real Estate ServicesMore Info

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

Dan HaeckColdwell Banker Real Estate ServicesMore Info

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