Turnkey Bar and Restaurant
1137 E 11TH Street Erie, PA 16503
New
For Sale
$549,900
COMMERCIAL - Erie, PA
Property Size6,372 SF
Lot Size0.65 Acres
Price / SF$86.30
Days on Market1
Property Features for 1137 E 11TH Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R-2
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2
- Parking
- 30
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- 15-020-048.0-203.00
- Size
- 6,372 SF
- Lot size
- 0.65 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4915
- Expense value
- 10000
- Expense
- SecurityDeposit
- Expense freq.
- One Time
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1919
- Building materials
- Brick, VinylSiding
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Jake Scheloske · License #RS318016
(814) 449-7973
Added: Jul 23
Last Checked: Jul 23 at 11:06PM
MLS# 192232
Copyright © 2026 Greater Erie Board of Realtors MLS. 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.
Off The Wall Tavern is offered as a turnkey real estate purchase with an on-site commercial kitchen and extensive bar and entertainment features. The property includes a private VIP lounge, stage, smoke room, game room, and three total bars, with two interior bars and one exterior bar. Outdoor amenities include a fenced patio and pavilion, along with a large upper deck. Interior improvements include space described as a spacious six-room apartment plus attic space. The sale includes the real estate, furnishings, inventory, appliances, and existing business equipment.
The business is directly across from the Hess Avenue Softball Fields in Erie, PA. The property also features a massive parking lot.
In addition to operating as a bar, club, lounge, restaurant, or entertainment venue, the remarks state that redevelopment options may be explored under C-3 zoning as a daycare center, banquet or event facility, fitness or recreation center, retail concept, professional offices, community center, or mixed-use property, subject to municipal approvals.
The business is directly across from the Hess Avenue Softball Fields in Erie, PA. The property also features a massive parking lot.
In addition to operating as a bar, club, lounge, restaurant, or entertainment venue, the remarks state that redevelopment options may be explored under C-3 zoning as a daycare center, banquet or event facility, fitness or recreation center, retail concept, professional offices, community center, or mixed-use property, subject to municipal approvals.
Key Highlights
- Off the Wall Tavern directly across from the Hess Avenue Softball Fields
- Three total bars, including two interior bars and one exterior bar, plus private VIP lounge and game room
- Full commercial kitchen, stage, and smoke room, with multiple pool table areas
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.4k | $9.48 |
| − Vacancy | −$4.1k | −$0.64 |
| EGI | $56.3k | $8.84 |
| − OpEx | −$16.9k | −$2.65 |
| NOI | $39.4k | $6.18 |
6,372 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,551 @ 7.0% cap · market cap 16.28%
Second Best
Industrial
$563.0K
$492.6K – $656.8K
NOI $39,409 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,659 @ 7.0% cap · market cap 20.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Prive’ Social Club
Community Center
Similar Off Market Nearby
- Moniuszko Singing Society — 1209 Reed St, Erie, PA 16503
- Off The Wall — 923 Hess Ave, Erie, PA 16503
- Bayfront Lounge — 802 E 6th St East, Erie, PA 16507
- Bullpen — 923 Hess Ave, Erie, PA 16503
- Polish Foresters — Erie, PA 16503
FAQs
What type of property is this?
Bar & Pub - A fully equipped bar/restaurant with commercial kitchen, fenced patio, deck, and large parking lot, including a separate apartment.
Where is this bar & pub located?
The property is located at 1137 E 11TH Street Erie, PA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Off the Wall Tavern directly across from the Hess Avenue Softball Fields; Three total bars, including two interior bars and one exterior bar, plus private VIP lounge and game room; Full commercial kitchen, stage, and smoke room, with multiple pool table areas
