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.