Mixed-Use Property with Bar and
New
For Sale
$399,900
228 MAIN Street W, Girard, PA 16417
CommercialSale, Girard, PA
Property Size5,799 SF
Lot Size0.10 Acres
Price / SF$68.96
Days on Market2
Property Features for 228 MAIN Street W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-1
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3
Elementary school district
Girard
Middle school district
Girard
High school district
Girard
Directions
Main St. W. (Route 20), between Rice Ave. and Myrtle St. on the North side of Main St.
Subdivision
9 - Girard/Lake City
Standard status
Active
APN
23-011-025.0-015.00
Size
5,799 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3021
Expense value
5000
Expense
SecurityDeposit
Expense freq.
One Time
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Building materials
AluminumSiding, VinylSiding
Listing Agency:
Agresti Real Estate
(814) 459-9400
Listed By:
Jake Scheloske · License #RS318016
(814) 449-7973
Added: Oct 14
Last Checked: Oct 15 at 10:06PM
MLS# 193543
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 5,799 square feet, this mixed-use property contains nine efficiency units alongside a bar and restaurant. Eight units use communal bathrooms, while the ninth has a private bathroom. The bar and grille occupies approximately 2,568 square feet, and the property also includes two commercial spaces.
The sale includes the real estate, furnishings, equipment, business goodwill, and a Pennsylvania liquor license. Built in 1900, the building has central air conditioning and steam heat fueled by natural gas. Public water and sewer serve the property.
The sale includes the real estate, furnishings, equipment, business goodwill, and a Pennsylvania liquor license. Built in 1900, the building has central air conditioning and steam heat fueled by natural gas. Public water and sewer serve the property.
Key Highlights
- 5,799‑square‑foot mixed‑use property with nine efficiency units
- Bar and grille occupies approximately 2,568 square feet
- Eight efficiency units share communal bathrooms; one has a private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,640
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,800
$712.8K
Cap Rate 7%
$509,143
$509.1K
Cap Rate 9%
$396,000
$396.0K
Market Conditions
NOI Build-Up for 5,799 SF
Gross rent
$67.5K $11.64/SF
− Vacancy
−$2.7K −$0.47/SF
EGI
$64.8K $11.17/SF
− OpEx
−$29.2K −$5.03/SF
NOI
$35.6K $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%
$712,800
Cap Rate 7%
$509,143
Cap Rate 9%
$396,000
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.02M – $1.36M
NOI $81,498 @ 7.0% cap · market cap 20.38%
Second Best
Mixed Use
$838.8K
$733.9K – $978.6K
NOI $58,715 @ 7.0% cap · market cap 14.68%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,708 @ 7.0% cap · market cap 25.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
9
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Hospitality operations, efficiency-unit housing, and two commercial spaces are combined in one property.
Where is this mixed-use property located?
The property is located at 228 MAIN Street W Girard, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 5,799‑square‑foot mixed‑use property with nine efficiency units; Bar and grille occupies approximately 2,568 square feet; Eight efficiency units share communal bathrooms; one has a private bathroom
