Turnkey Restaurant and Bar-Ready
For Sale
Contact for pricing
2811 Lincoln Way, White Oak, PA 15131
Fully equipped restaurant and bar/grill setup with commercial kitchen, multiple bar areas, and dining plus entertainment space.
Property Size5,662 SF
Price / SF$150.12
Days on Market95
Property Features for 2811 Lincoln Way
General Information
Standard status
Active
Size
5,662 SF
Class
C
Property subtype
Retail
Zoning
C-2
Investment Type
Owner/User
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Year Built
1900
Stories
2
Tenancy
Single
Listing Agency:
KW Steel CIty
Listed By:
Jean Ou · License #rs334288
(412) 682-0120
Source:
Crexi
Added: Jun 20
Changed: Sep 21
Last Checked: Sep 21 at 3:49AM
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 KW Steel CIty
Investment Insights
Based on property information with market context.
This property is a turnkey restaurant and bar/grill space designed for immediate operation. The interior features a versatile layout with tile flooring throughout most of the space, recessed lighting, ceiling fans, and large windows that bring in natural light. Multiple bar areas support both service and guest flow, while dining sections include tables and seating. Additional amenities include built-in TV systems, a pool table area, and a separate entertainment area. A fully equipped commercial kitchen is included, along with handicap-accessible entry.
Located in the heart of White Oak, the building is described as having strong visibility and is surrounded by ample parking for customers and staff. The exterior is presented with a sleek dark exterior finish.
For a buyer seeking a restaurant concept with operational infrastructure already in place, the included equipment and liquor license can reduce the time needed to move from ownership to service. The combination of commercial kitchen readiness, dedicated bar and dining areas, and entertainment features supports a buyer looking for a complete, hospitality-focused setup rather than a raw shell.
Located in the heart of White Oak, the building is described as having strong visibility and is surrounded by ample parking for customers and staff. The exterior is presented with a sleek dark exterior finish.
For a buyer seeking a restaurant concept with operational infrastructure already in place, the included equipment and liquor license can reduce the time needed to move from ownership to service. The combination of commercial kitchen readiness, dedicated bar and dining areas, and entertainment features supports a buyer looking for a complete, hospitality-focused setup rather than a raw shell.
Key Highlights
- Fully equipped restaurant and bar/grill space with a commercial kitchen ready for operation
- Includes multiple bar areas, spacious dining sections with included tables and seating, and a separate entertainment area
- Restaurant interior features tile flooring in most areas, recessed lighting, ceiling fans, and large windows for natural light
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
$56,156
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
6.61%
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%
$1,123,120
$1.1M
Cap Rate 7%
$802,229
$802.2K
Cap Rate 9%
$623,956
$624.0K
Market Conditions
NOI Build-Up for 5,662 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
$78.8K $13.92/SF
− Vacancy
−$3.9K −$0.70/SF
EGI
$74.9K $13.22/SF
− OpEx
−$18.7K −$3.31/SF
NOI
$56.2K $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%
$1,123,120
Cap Rate 7%
$802,229
Cap Rate 9%
$623,956
Alternative Uses
Best Use
Specialty Retail
$802.2K
$702.0K – $935.9K
NOI $56,156 @ 7.0% cap · market cap 6.61%
Second Best
Industrial
$431.5K
$377.6K – $503.5K
NOI $30,207 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,954 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15131, PA
8,144
Population
4,219
Households
1.9
Avg Household Size
52
Median Age
30%
College-Educated
96%
High-School Grad
6.6 sq mi
ZIP Area
1,234
Density / Sq Mi
$68,496
Median Household Income
$44,320
Median Earnings
$999
Median Rent
$147,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant and bar/grill setup with commercial kitchen, multiple bar areas, and dining plus entertainment space.
Where is this conventional restaurant located?
The property is located at 2811 Lincoln Way White Oak, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully equipped restaurant and bar/grill space with a commercial kitchen ready for operation; Includes multiple bar areas, spacious dining sections with included tables and seating, and a separate entertainment area; Restaurant interior features tile flooring in most areas, recessed lighting, ceiling fans, and large windows for natural light
