Restored Restaurant and Terrace
For Sale
$3,000,000
211 Kenmawr Ave, Braddock, PA 15104
Impeccably restored restaurant with modern kitchen, service areas, and a terrace bar; liquor license included subject to approval.
Property Size13,500 SF
Days on Market78
Property Features for 211 Kenmawr Ave
General Information
Standard status
Active
Size
13,500 SF
Property subtype
Restaurant
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Building Size
13,500 SF
Year Built
1904
Listing Agency:
BERKSHIRE HATHAWAY HOME SERVICES
Listed By:
Sharon Scheidemantle · License #AB065471
(412) 780-3600
Source:
Thebrokerlist
Added: Jun 22
Changed: Sep 2
Last Checked: Sep 7 at 4:36AM
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 BERKSHIRE HATHAWAY HOME SERVICES
Investment Insights
Based on property information with market context.
This for-sale offering includes three parcels (Tax ID 0236-F-00046-0000-01, Tax ID 0236-F-00060-0000-00, and Tax ID 0236-F00050-0000-00) and a liquor license that conveys with the sale, subject to Pennsylvania LCB review and approval. The property is described as an impeccably restored, destination-worthy restaurant/wine venue with a speakeasy/cigar lounge and a terrace bar.
The restaurant is fully outfitted with a modern, well-equipped kitchen and thoughtfully planned service areas intended to support seamless, high-volume execution. The building has a commanding presence along Kenmawr Avenue for visibility, curb appeal, and ease of access. An adjacent lot that is available for lease can accommodate 45+/- cars. The property is positioned so close to Squirrel Hill, Shadyside, South Side, Lawrenceville, Pittsburgh’s CBD, and the Strip District, according to the seller’s remarks.
The restaurant is fully outfitted with a modern, well-equipped kitchen and thoughtfully planned service areas intended to support seamless, high-volume execution. The building has a commanding presence along Kenmawr Avenue for visibility, curb appeal, and ease of access. An adjacent lot that is available for lease can accommodate 45+/- cars. The property is positioned so close to Squirrel Hill, Shadyside, South Side, Lawrenceville, Pittsburgh’s CBD, and the Strip District, according to the seller’s remarks.
Key Highlights
- Built in 1904; fully restored restaurant and wine venue with speakeasy/cigar lounge and terrace bar.
- 3 parcels included: Tax ID 0236‑F‑00046‑0000‑01, Tax ID 0236‑F‑00060‑0000‑00, Tax ID 0236‑F00050‑0000‑00.
- Liquor license included with the sale, subject to Pennsylvania LCB review and approval.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$133,893
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,677,860
$2.7M
Cap Rate 7%
$1,912,757
$1.9M
Cap Rate 9%
$1,487,700
$1.5M
Market Conditions
NOI Build-Up for 13,500 SF
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.
Gross rent
$187.9K $13.92/SF
− Vacancy
−$9.4K −$0.70/SF
EGI
$178.5K $13.22/SF
− OpEx
−$44.6K −$3.31/SF
NOI
$133.9K $9.92/SF
Area
Allegheny County, PA
Vacancy
5.00%
Lease Rate
$13.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,677,860
Cap Rate 7%
$1,912,757
Cap Rate 9%
$1,487,700
Alternative Uses
Best Use
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,893 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,706 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
452
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
6,013 visits/mo
0.3 miles
Demographics for 15104, PA
7,858
Population
4,616
Households
1.7
Avg Household Size
38
Median Age
14%
College-Educated
93%
High-School Grad
2.5 sq mi
ZIP Area
3,143
Density / Sq Mi
$34,125
Median Household Income
$30,700
Median Earnings
$642
Median Rent
$56,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Impeccably restored restaurant with modern kitchen, service areas, and a terrace bar; liquor license included subject to approval.
Where is this conventional restaurant located?
The property is located at 211 Kenmawr Ave Braddock, PA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Built in 1904; fully restored restaurant and wine venue with speakeasy/cigar lounge and terrace bar.; 3 parcels included: Tax ID 0236‑F‑00046‑0000‑01, Tax ID 0236‑F‑00060‑0000‑00, Tax ID 0236‑F00050‑0000‑00.; Liquor license included with the sale, subject to Pennsylvania LCB review and approval.
