Listing Agency: BERKSHIRE HATHAWAY THE PREFERRED REALTY

Listed By: Vince Hillard · License #RS344418 Show Phone

Source: Exprealty

Added: Oct 5 Changed: Oct 13 Last Checked: Oct 16 at 9:38AM

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Investment Insights

Based on property information with market context.

This operating restaurant and pub includes 2,220 square feet of interior space, with a dining room, three-sided bar, kitchen, storage and prep area, restrooms, and an entrance vestibule. The dining area accommodates approximately 62 people, while the bar has 20 seats. Restaurant equipment, trade fixtures, furniture, operating assets, and the liquor license are included in the sale.

A 736-square-foot patio, partially covered, provides seating for approximately 50 people.

Key Highlights

• Operating restaurant and pub with liquor license included
• 2,220 SF of interior space with dining, bar, kitchen, storage/prep, restroom, and vestibule areas
• Dining area seats approximately 62; three‑sided bar has 20 seats

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,901

Cap Rate

7.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$538,020 $538.0K

Cap Rate 7%

$384,300 $384.3K

Cap Rate 9%

$298,900 $298.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,220 SF

Gross rent

$40.0K $18.00/SF

− Vacancy

−$4.1K −$1.84/SF

EGI

$35.9K $16.16/SF

− OpEx

−$9.0K −$4.04/SF

NOI

$26.9K $12.12/SF

Area

Mercer County, PA

Vacancy

10.24%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$538,020

Cap Rate 7%

$384,300

Cap Rate 9%

$298,900

Alternative Uses

Best Use

Specialty Retail

$384.3K

$336.3K – $448.4K (±1% cap)

NOI $26,901 @ 7.0% cap · market cap 7.94%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$782.3K

$684.5K – $912.7K (±1% cap)

NOI $54,763 @ 7.0% cap · market cap 16.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

221

Businesses Nearby

6k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,987 visits/mo 0.2 miles

Demographics for 16150, PA

7,172

Population

3,384

Households

2.1

Avg Household Size

46

Median Age

26%

College-Educated

94%

High-School Grad

23.2 sq mi

ZIP Area

309

Density / Sq Mi

$61,638

Median Household Income

$40,410

Median Earnings

$810

Median Rent

$135,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - The sale includes the liquor license, restaurant equipment, furnishings, trade fixtures, and operating assets.

Where is this conventional restaurant located?

The property is located at 103 High Street Ext Sharpsville, PA.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: Operating restaurant and pub with liquor license included; 2,220 SF of interior space with dining, bar, kitchen, storage/prep, restroom, and vestibule areas; Dining area seats approximately 62; three‑sided bar has 20 seats