Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turnkey Diner Opportunity Title is generated by Realmo AI

    2800 Freeport Rd, Springdale, PA 15144

    View on Map
    Claim this Listing
    For Sale
    $329,000

    Business - Springdale Twp, PA

    Type:Business
    Lot size:
    0.48 Acres
    Added:
    Jun 13, 2025
    Days on Market:
    339
    Last Refresh:
    May 17 at 10:06 pm

    Property Features for 2800 Freeport Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    COM
    Parking
    30
    Standard status
    Active
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5635

    Building Details

    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Joe Weltner & Gwendolyn Wright
    Joe Weltner & Gwendolyn Wright

    Listing agent Joe Weltner & Gwendolyn Wright License #RS330862

    Listing office COLDWELL BANKER REALTY 17 Brilliant Avenue, Suite 100, Pittsburgh, PA

    Listing date Jun 13, 2025

    MLS# 1706084 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

    • Turnkey, fully equipped restaurant with all equipment included.
    • Well‑established and beloved local business with a strong community presence.
    • Indoor seating for 36 and covered outdoor seating for 24 with river views.
    • Recent upgrades including new countertops and a 1.5‑year‑old POS system.
    • Additional storage space with an attached building containing 4 refrigerators and 2 sheds.
    • Seller willing to provide training to ensure a smooth transition.

    Overview

    This is an opportunity to acquire David’s Diner, a well-established, turnkey restaurant located in Springdale Twp, PA. The diner is a local breakfast and lunch favorite and comes fully equipped for a smooth transition. The property includes new countertops, a 1.5-year-old POS system, and a full security system with cameras. Recent upgrades include a new dishwasher and new exterior drains. A digital sign is also included. The kitchen is equipped with refrigerators, a 12-year-old Ansel System, fryers, two commercial gas stoves, two grills, a steam table, a sandwich board, a microwave, a toaster, and other essential equipment. The sale includes dining room furniture, dishes, glasses, tableware, highchairs, coffee machines, and a pop cooler. The restaurant has inside seating for 36 and covered outside seating for 24 with views of the Allegheny River. There are exterior canopy waiting areas with seating. The property also features an attached building for overflow storage with four refrigerators and two sheds for additional storage. There are two bathrooms, one of which is ADA compliant. The lot size is 0.48 acres. The property is zoned COM. The sellers are willing to provide training to ensure a smooth handover.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    David's Diner Restaurant John and Gerry’s Fruit ... Food Market

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • David's Diner — 2800 Freeport Rd, Springdale, PA 15144

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.771132
    Latitude
    40.55633

    Nearby Similar for Sale

    • $380,000

      Mixed-Use Building with Apartment Potential

      Mixed-use property with commercial spaces and apartment potential.
      848 Pittsburgh St, Springdale Boro, PA 15144
      View Details
    • $279,900
      2,000 SF

      Retail Space with Residential Units

      Two-parcel property featuring retail space and residential income potential.
      626-628 Pittsburgh, Springdale Boro, PA 15144
      View Details
    • $775,000
      37,700 SF

      Former Church Campus For Sale

      37,700 SF church campus with school and rectory.
      750 Pittsburgh St, Springdale, PA 15144
      View Details

    FAQs

    What type of property is this?
    Breakfast & diner - Established diner with equipment, seating, and storage ready for operation.
    Where is this breakfast & diner located?
    The property is located at 2800 Freeport Rd Springdale, PA.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: Turnkey, fully equipped restaurant with all equipment included.; Well‑established and beloved local business with a strong community presence.; Indoor seating for 36 and covered outdoor seating for 24 with river views.
    (412) 963-7655
    We can help!
    Listing Contact
    Joe Weltner & Gwendolyn Wright
    Joe Weltner & Gwendolyn Wright
    Real Estate License ID: RS330862
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2800 Freeport Rd, Springdale Twp, PA 15144
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!