Renovated Restaurant with
For Sale
$1,100,000
312 Center Rd, Monroeville, PA 15146
CommercialSale, Monroeville, PA
Property Size7,500 SF
Lot Size0.67 Acres
Price / SF$146.67
Days on Market317
Property Features for 312 Center Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com
Zoning description
Com
Parking
60
Directions
Rt. 48N to L on Old Haymaker to right on center to property on the right.
Subdivision
Monroeville
Standard status
Active
Lot size
0.67 Acres
Taxes and HOA fees
Tax Annual Amount
26457
Building Details
Year built
1968
Listing Agency:
CENTURY 21 FAIRWAYS REAL ESTATE · Century 21 Real Estate
(724) 864-5916
Listed By:
Susan Gill · License #RM423921
(412) 537-9183
Added: Oct 29, 2025
Changed: Sep 9
Last Checked: Sep 10 at 8:06AM
MLS# 1727675
Copyright © 2026 West Penn Multi List, Inc. 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.
This restaurant property combines a dining operation, brewery, and commercial kitchen within approximately 7,500 square feet. The facility accommodates 180 seats and was professionally renovated within the past three years. Furniture, fixtures, equipment, kitchen equipment, and bar fixtures are included in the sale, along with brewing equipment.
The property occupies 0.67 acres at 312 Center Rd in Monroeville, Pennsylvania, with access to Route 22, Parkway East, and the Pennsylvania Turnpike. Built in 1968 and zoned Com, the asset offers an established physical platform for restaurant and beverage operations.
The property occupies 0.67 acres at 312 Center Rd in Monroeville, Pennsylvania, with access to Route 22, Parkway East, and the Pennsylvania Turnpike. Built in 1968 and zoned Com, the asset offers an established physical platform for restaurant and beverage operations.
Key Highlights
- Approximately 7,500 Sq Ft +/- restaurant and brewery
- 180‑seat restaurant configuration
- Professionally renovated within the past three years
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
$74,385
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
6.76%
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%
$1,487,700
$1.5M
Cap Rate 7%
$1,062,643
$1.1M
Cap Rate 9%
$826,500
$826.5K
Market Conditions
NOI Build-Up for 7,500 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
$104.4K $13.92/SF
− Vacancy
−$5.2K −$0.70/SF
EGI
$99.2K $13.22/SF
− OpEx
−$24.8K −$3.31/SF
NOI
$74.4K $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%
$1,487,700
Cap Rate 7%
$1,062,643
Cap Rate 9%
$826,500
Alternative Uses
Best Use
Specialty Retail
$1.06M
$929.8K – $1.24M
NOI $74,385 @ 7.0% cap · market cap 6.76%
Second Best
Industrial
$571.6K
$500.2K – $666.9K
NOI $40,013 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,726 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15146, PA
28,672
Population
13,508
Households
2.1
Avg Household Size
46
Median Age
46%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,463
Density / Sq Mi
$78,295
Median Household Income
$48,073
Median Earnings
$1,163
Median Rent
$197,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant and brewing operation with included furnishings, fixtures, equipment, and bar fixtures.
Where is this conventional restaurant located?
The property is located at 312 Center Rd Monroeville, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 7,500 Sq Ft +/- restaurant and brewery; 180‑seat restaurant configuration; Professionally renovated within the past three years
