2783 South Park Rd - Flex FOR SALE


Bethel Park, PA 15102
$1,350,000 USD
412-496-6602
2783 South Park Rd, Bethel Park, PA for Sale
$1,350,000 USD
Flex - FOR SALE
1/40
null | 10.14% 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 10.14% CAP rate.
  • Busy business district with 17,000 vehicles passing by each day.
  • Multiple updates inclduing interior, furnaces, A/C units, roof, kitchen appliances, and compressor.
  • Income producing property with restaurant/bar, 3 apartments, and a tanning/beauty shop.
  • 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 | 10.14% CAP A rare opportunity to purchase an iconic business and property with a 10.14% ACTUAL CAP Rate. 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 1.20 flat acres (2 parcels), a daily traffic count of over 17,000 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.  Full-service bar area seats 38  w/ tons of entertainment machines. Rental income: 3 apartments and Tanning Salon (long term tenants). Full restaurant liquor license, furniture and fixtures included. Full bldg pad (with basement) and all utilities at right rear of property (formally very busy ice cream shop-more INCOME POTENTIAL).  Don’t let this once in a lifetime TURN-KEY opportunity slip away to become part of a 100-year tradition in the South Hills!!! MULTIPLE UPDATES within last 3 years (Roof, Kitchen, Electrical System, Compressor and MORE!!) Liquor license, GOI/NOI, CAP rate in attachments. MLS #1657387 SHOWINGS: Lender Pre-Approval or POF required prior to showing. Contact John Moses for ALL showings 412.789.7261, listing agent will be present for all showings. SHOWING SCHEDULE: 7 days from 8a-10a ONLY.  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

$1,350,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

10.14%

% 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

-

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
412-496-6602

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Dan HaeckColdwell Banker Real Estate ServicesMore Info
412-496-6602

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