Two-Level Brewery & Restaurant
For Sale
$975,000
28 E Maiden, Washington, PA 15301
COMMERCIAL - Washington, PA
Property Size11,690 SF
Lot Size0.58 Acres
Price / SF$83.40
Days on Market291
Property Features for 28 E Maiden
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2
Standard status
Active
APN
740-006-00-02-0002-00A
Lot size
0.58 Acres
Listing Agency:
COLDWELL BANKER COMMERCIAL NRT
(412) 366-1600
Listed By:
Ed Mcclory
(412) 366-1600
Added: Nov 14, 2025
Changed: Aug 5
Last Checked: Sep 1 at 3:06PM
MLS# 11852359
Copyright © 2026 My State 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.
Two-level brewery and restaurant building offering a flexible interior layout across open floor areas and high ceilings, supported by infrastructure modernization completed during a 2017 renovation. The property includes new HVAC systems, upgraded plumbing infrastructure, accessibility enhancements, and the addition of 3-phase electrical service. Originally constructed in the 1930s, the building is structured to support adaptive reuse and owner-user conversion, with interior reconfiguration as the primary future work scope.
The property is located in Washington, PA’s Central Business District at 28 E Maiden. It totals 11,690 SF and includes 0.58 acres, with 19 dedicated rear off-street parking spaces—an amenity designed to improve daily usability for employees, patrons, or other community users. The building is currently operating as a brewery and restaurant, while the fit for additional commercial concepts can be explored through the applicable CBD zoning requirements (buyer to verify permitted and conditional uses).
With its modernized envelope and systems, this asset presents a downtown-ready foundation for a variety of commercial applications where customization can focus on interior layout rather than full-system replacement.
The property is located in Washington, PA’s Central Business District at 28 E Maiden. It totals 11,690 SF and includes 0.58 acres, with 19 dedicated rear off-street parking spaces—an amenity designed to improve daily usability for employees, patrons, or other community users. The building is currently operating as a brewery and restaurant, while the fit for additional commercial concepts can be explored through the applicable CBD zoning requirements (buyer to verify permitted and conditional uses).
With its modernized envelope and systems, this asset presents a downtown-ready foundation for a variety of commercial applications where customization can focus on interior layout rather than full-system replacement.
Key Highlights
- 11,690 SF two‑level brewery and restaurant building
- 0.58 acres in Washington, PA Central Business District
- 19 dedicated rear off‑street parking spaces
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
$72,300
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
7.42%
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%
$1,446,000
$1.4M
Cap Rate 7%
$1,032,857
$1.0M
Cap Rate 9%
$803,333
$803.3K
Market Conditions
NOI Build-Up for 11,690 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
$110.8K $9.48/SF
− Vacancy
−$7.5K −$0.64/SF
EGI
$103.3K $8.84/SF
− OpEx
−$31.0K −$2.65/SF
NOI
$72.3K $6.18/SF
Area
Washington County, PA
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$1,446,000
Cap Rate 7%
$1,032,857
Cap Rate 9%
$803,333
Alternative Uses
Best Use
Specialty Retail
$3.60M
$3.15M – $4.20M
NOI $252,145 @ 7.0% cap · market cap 25.86%
Second Best
Industrial
$1.03M
$903.8K – $1.21M
NOI $72,300 @ 7.0% cap · market cap 7.42%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,390
Businesses Nearby
Explore this area
Business Placement
Demographics for 15301, PA
48,963
Population
24,001
Households
2
Avg Household Size
45
Median Age
27%
College-Educated
92%
High-School Grad
122.0 sq mi
ZIP Area
401
Density / Sq Mi
$69,275
Median Household Income
$43,546
Median Earnings
$927
Median Rent
$205,800
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Brewery - Two-level downtown brewery and restaurant building renovated in 2017 with new HVAC, plumbing, and accessibility upgrades.
Where is this brewery located?
The property is located at 28 E Maiden Washington, PA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 11,690 SF two‑level brewery and restaurant building; 0.58 acres in Washington, PA Central Business District; 19 dedicated rear off‑street parking spaces
