Building Details

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Listing Agency: SBRE - Sherry Bauer Real Estate

Listed By: Sherry Bauer · License #PA RM422666 Show Phone

Source: Crexi

Added: Sep 14 Changed: Oct 25 Last Checked: Nov 1 at 3:28AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SBRE - Sherry Bauer Real Estate

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Investment Insights

Based on property information with market context.

This 5,119± SF mixed-use building combines an established bar and tavern with three residential units. The 2,999± SF first floor provides seating for approximately 21 at the bar and more than 35 at tables, along with gaming and pool table areas, four restrooms, an office, storage, and a walk-in cooler. The sale includes the PA liquor license, equipment, and goodwill. A newer rubber roof serves the building, which has public utilities.

The 2,120± SF second floor contains one two-bedroom, one-bath apartment, one one-bedroom, one-bath apartment, and one efficiency. The property occupies two parcels totaling 0.2± acres in downtown Girard at 103 Main Street West, along Main Street and Route 20. A large paved private parking lot is accessible from S. Park Row, and the location recorded 11,000 average daily traffic in the PennDOT 2025 count year.

Key Highlights

• 5,119± SF mixed‑use building on two parcels totaling 0.2± acres
• 2,999± SF first‑floor bar and tavern with seating for ±21 at the bar and 35+ at tables
• Second floor contains 3 apartments totaling 2,120± SF: 2‑bedroom, 1‑bedroom, and efficiency units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,461

Cap Rate

7.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$629,220 $629.2K

Cap Rate 7%

$449,443 $449.4K

Cap Rate 9%

$349,567 $349.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,119 SF

Gross rent

$59.6K $11.64/SF

− Vacancy

−$2.4K −$0.47/SF

EGI

$57.2K $11.17/SF

− OpEx

−$25.7K −$5.03/SF

NOI

$31.5K $6.15/SF

Area

Erie County, PA

Vacancy

4.00%

Lease Rate

$11.64 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$629,220

Cap Rate 7%

$449,443

Cap Rate 9%

$349,567

Alternative Uses

Best Use

Specialty Retail

$1.03M

$899.3K – $1.20M (±1% cap)

NOI $71,942 @ 7.0% cap · market cap 18.03%

Second Best

Mixed Use

$740.4K

$647.9K – $863.8K (±1% cap)

NOI $51,830 @ 7.0% cap · market cap 12.99%

Theoretical Best

Office A

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,899 @ 7.0% cap · market cap 22.28%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Girard Cafe Aka ... Bar & Pub

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Electrical Service Dental Office Kitchen & Bath Showroom

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

3

Residential units

Turnkey business

Opportunity

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

258

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 16417, PA

8,109

Population

4,165

Households

1.9

Avg Household Size

45

Median Age

30%

College-Educated

97%

High-School Grad

48.0 sq mi

ZIP Area

169

Density / Sq Mi

$80,410

Median Household Income

$44,722

Median Earnings

$666

Median Rent

$179,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Mixed-Use Property with Bar and Restaurant

228 MAIN Street W, Girard, PA 16417

$399,900

5,799 SF

View details

High Bay Industrial Crane Facility

711 Beaver Rd, Girard, PA 16417

$1,365,000

37,688 SF

View details

Similar Off Market Nearby

• Happy Hour Pub & Grub — 228 Main St W, Girard, PA 16417
• Happy Hour Pub & Grub, Smokebuddys Smoke Shop, Skill Game Center — 228 Main St W, Girard, PA 16417
• Girard Cafe Aka Ralphie's — 103 main st w, girard, pa 16417
• Girard Beer Distribution — 36 Wall St, Girard, PA 16417

Frequently Asked Questions

What type of property is this?

Bar & Pub - Licensed tavern operation with three apartments, equipment, public utilities, and private paved parking.

Where is this bar & pub located?

The property is located at 103 Main Street West Girard, PA.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: 5,119± SF mixed‑use building on two parcels totaling 0.2± acres; 2,999± SF first‑floor bar and tavern with seating for ±21 at the bar and 35+ at tables; Second floor contains 3 apartments totaling 2,120± SF: 2‑bedroom, 1‑bedroom, and efficiency units