College Bar and
For Sale
$450,000
534 S Main St, Greensburg, PA 15601
Well-established college bar and grill near Seton Hill University, offered with FF&E, liquor license, and the business.
Property Size2,100 SF
Days on Market105
Property Features for 534 S Main St
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Street Retail
Additional Details
Furnished
Yes
Business Included
Yes
Liquor License
Yes
Building Details
Building Size
2,100 SF
Year Built
2005
Listing Agency:
BERKSHIRE HATHAWAY HOME SERVICES
Listed By:
Sharon Scheidemantle · License #AB065471
(412) 780-3600
Source:
Thebrokerlist
Added: Jul 9
Changed: Oct 14
Last Checked: Oct 20 at 5:04PM
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
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Investment Insights
Based on property information with market context.
This well-established college bar and grill has been operating for more than 50 years and is being offered for sale with the business included. The offering also includes FF&E and a liquor license.
Located in the heart of downtown Greensburg, it sits steps from Seton Hill University and is positioned at a high-visibility Main Street intersection.
The seller’s remarks indicate real estate ownership as part of the opportunity. More details on the building and operating history beyond the included items may be available upon request.
Located in the heart of downtown Greensburg, it sits steps from Seton Hill University and is positioned at a high-visibility Main Street intersection.
The seller’s remarks indicate real estate ownership as part of the opportunity. More details on the building and operating history beyond the included items may be available upon request.
Key Highlights
- Well‑established college bar and grill near Seton Hill University in downtown Greensburg, PA
- For over 50 years, Callaghan’s Bar has served students and local regulars
- Offered with FF&E, liquor license, and the business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,507
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,140
$530.1K
Cap Rate 7%
$378,671
$378.7K
Cap Rate 9%
$294,522
$294.5K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$37.8K $18.00/SF
− Vacancy
−$2.5K −$1.17/SF
EGI
$35.3K $16.83/SF
− OpEx
−$8.8K −$4.21/SF
NOI
$26.5K $12.62/SF
Area
Westmoreland County, PA
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,140
Cap Rate 7%
$378,671
Cap Rate 9%
$294,522
Alternative Uses
Best Use
Specialty Retail
$378.7K
$331.3K – $441.8K
NOI $26,507 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$534.9K
$468.0K – $624.1K
NOI $37,443 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
1,267
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
3,435 visits/mo
0.5 miles
Demographics for 15601, PA
57,141
Population
25,978
Households
2.2
Avg Household Size
47
Median Age
40%
College-Educated
96%
High-School Grad
80.6 sq mi
ZIP Area
709
Density / Sq Mi
$75,369
Median Household Income
$41,485
Median Earnings
$868
Median Rent
$209,400
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
Similar Off Market Nearby
- Young Voters Club — 24 Madison Ave, Greensburg, PA 15601
- 49ers Dugout Lounge — Greensburg, PA 15601
- BURKY'S TAVERN — 625 W Otterman St, Greensburg, PA 15601
- Oliver's Pour House — 8 N Pennsylvania Ave, Greensburg, PA 15601
- Hugo's Taproom — 106 W Pittsburgh St, Greensburg, PA 15601
Frequently Asked Questions
What type of property is this?
Bar & Pub - Well-established college bar and grill near Seton Hill University, offered with FF&E, liquor license, and the business.
Where is this bar & pub located?
The property is located at 534 S Main St Greensburg, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Well‑established college bar and grill near Seton Hill University in downtown Greensburg, PA; For over 50 years, Callaghan’s Bar has served students and local regulars; Offered with FF&E, liquor license, and the business
