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    Millvale Restaurant and Bar Opportunity Title is generated by Realmo AI

    114 Grant Ave, Millvale, PA 15209

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    For Sale
    $750,000

    Business - Millvale, PA

    Type:Business
    Lot size:
    0.31 Acres
    Added:
    Aug 11, 2025
    Days on Market:
    273
    Last Refresh:
    May 10 at 8:06 pm

    Property Features for 114 Grant Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    Com
    Parking
    25
    Standard status
    Active
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5554

    Building Details

    Building materials
    Frame, Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Vic Franceschini
    Vic Franceschini

    Listing agent Vic Franceschini License #RS301507

    Listing office KELLER WILLIAMS REALTY 1500 Oxford Drive, Bethel Park, PA

    Listing date Aug 11, 2025

    MLS# 1715909 Listing URL

    Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Includes a liquor license and all equipment necessary to operate a 138‑seat full‑service restaurant and bar.
    • Prime location: 3 miles to downtown Pittsburgh, 1 mile from Lawrenceville, and directly off Route 28 in Millvale.
    • Significant potential to convert the upper two levels into rental units or AirBNB.
    • Established business with nearly 100 years of operation in the community.
    • Located in the revitalized and trending Millvale community.
    • Includes 3 parcels of land.

    Overview

    The Grant Bar & Lounge building is available for purchase after nearly a century of operation in the Millvale community and North Hills. Situated just 3 miles from downtown Pittsburgh and 1 mile from Lawrenceville, the property is located at the entrance to Millvale, off Route 28. Originally the site of the Bennett Hotel in the 1880s, the property was acquired by the Ruzomberka family in 1926 and renamed The Grant Bar & Lounge. The property has undergone transformations and additions. The sale includes three parcels, a liquor license, all equipment, and everything required to operate a full-service restaurant and bar with 138 seats. The 0.31-acre lot offers potential to convert the upper two levels into rental units or Airbnb accommodations. The property is located in Millvale, Pennsylvania.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Similar Places Nearby

    • Dijlah Restaurant and cafe — 4130 Butler St, Pittsburgh, PA 15201
    • Cork Harbour Pub — 181 43rd St, Pittsburgh, PA 15201
    • The Derby on Butler — 4203 Butler St, Pittsburgh, PA 15201
    • Bierport — 4115 Butler St, Pittsburgh, PA 15201
    • BEER & CHEERS — 4327 Butler St, Pittsburgh, PA 15201

    Map

    City
    Millvale
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9773
    Latitude
    40.5015

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    FAQs

    What type of property is this?
    Bar & Pub - Profitable restaurant and bar with real estate and equipment included.
    Where is this bar & pub located?
    The property is located at 114 Grant Ave Millvale, PA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Includes a liquor license and all equipment necessary to operate a 138‑seat full‑service restaurant and bar.; Prime location: 3 miles to downtown Pittsburgh, 1 mile from Lawrenceville, and directly off Route 28 in Millvale.; Significant potential to convert the upper two levels into rental units or AirBNB.
    (412) 831-3800
    We can help!
    Listing Contact
    Vic Franceschini
    Vic Franceschini
    Real Estate License ID: RS301507
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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