Building Details

Year built 2005

Building materials Brick

Listing Agency: COLDWELL BANKER REALTY · Coldwell Banker Real Estate g***@pittsburghmoves.com Show Phone

Listed By: Lucy Wann · License #RS277500 Show Phone

Added: Jul 6 Changed: Oct 8 Last Checked: Oct 9 at 12:06AM

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MLS# 1763455

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.

Investment Insights

Based on property information with market context.

The 6,000-square-foot brick building was constructed in 2005 and currently operates as a restaurant. The real estate is being offered separately from the restaurant business and its equipment. The 1.91-acre property is zoned Com.

The site is minutes from I-79, with its location described as between Erie, Cleveland, Akron, and Youngstown, and north of Pittsburgh.

Key Highlights

• 6,000‑square‑foot brick restaurant building
• 1.91‑acre site zoned Com
• Built in 2005

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$93,548

Cap Rate

8.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,870,960 $1.9M

Cap Rate 7%

$1,336,400 $1.3M

Cap Rate 9%

$1,039,422 $1.0M

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$139.0K $23.16/SF

− Vacancy

−$14.2K −$2.37/SF

EGI

$124.7K $20.79/SF

− OpEx

−$31.2K −$5.20/SF

NOI

$93.5K $15.59/SF

Area

Crawford County, PA

Vacancy

10.24%

Lease Rate

$23.16 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,870,960

Cap Rate 7%

$1,336,400

Cap Rate 9%

$1,039,422

Alternative Uses

Best Use

Specialty Retail

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,548 @ 7.0% cap · market cap 8.50%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.49M

$1.30M – $1.74M (±1% cap)

NOI $104,198 @ 7.0% cap · market cap 9.47%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Fat Eddy's Bar-BQ Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Electrical Service Storage Facility

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

337

Businesses Nearby

158k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 33% Apparel 28% Groceries 14% Home Improvements & Furnishings 9%

T.J. Maxx Apparel

41,664 visits/mo 0.3 miles

Aldi Groceries

22,819 visits/mo 0.2 miles

McDonald's Dining

22,650 visits/mo 0.3 miles

Burger King Dining

14,986 visits/mo 0.2 miles

Family Farm & Home Home Improvements & Furnishings

11,838 visits/mo 0.4 miles

Demographics for 16335, PA

27,452

Population

12,547

Households

2.2

Avg Household Size

43

Median Age

26%

College-Educated

94%

High-School Grad

114.5 sq mi

ZIP Area

240

Density / Sq Mi

$58,531

Median Household Income

$32,692

Median Earnings

$892

Median Rent

$149,500

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Brick construction and commercial zoning support the property's existing restaurant configuration.

Where is this conventional restaurant located?

The property is located at 11142 Highline Drive Meadville, PA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 6,000‑square‑foot brick restaurant building; 1.91‑acre site zoned Com; Built in 2005