Building Details

Building materials Brick

Listing Agency: REALTY ONE GROUP GOLD STANDARD D***@goldstandardpittsburgh.com

Listed By: Kevin Donahue · License #RS341981 Show Phone

Added: Mar 7 Changed: Oct 8 Last Checked: Oct 10 at 12:06PM

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MLS# 1742725

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 bar and restaurant sale combines the operating business with ownership of its real estate and a liquor license. The venue occupies 1,700 square feet on a 0.04-acre parcel, and the building is constructed of brick. The business was established in 2021, and the property is zoned Com.

Equipment, mechanical systems, inventory, and decor are included. The seller will provide 30 days of training and consultation to support the transition. The property is located at 623 North Ave in Millvale, Pennsylvania.

Key Highlights

• Bar and restaurant business offered with its real estate and liquor license
• 1,700‑square‑foot venue on a 0.04‑acre parcel
• Brick construction; zoned Com

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,861

Cap Rate

4.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$337,220 $337.2K

Cap Rate 7%

$240,871 $240.9K

Cap Rate 9%

$187,344 $187.3K

Market Conditions

NOI Build-Up for 1,700 SF

Gross rent

$23.7K $13.92/SF

− Vacancy

−$1.2K −$0.70/SF

EGI

$22.5K $13.22/SF

− OpEx

−$5.6K −$3.31/SF

NOI

$16.9K $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 Rate 5%

$337,220

Cap Rate 7%

$240,871

Cap Rate 9%

$187,344

Alternative Uses

Best Use

Specialty Retail

$240.9K

$210.8K – $281.0K (±1% cap)

NOI $16,861 @ 7.0% cap · market cap 4.45%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$433.0K

$378.9K – $505.2K (±1% cap)

NOI $30,311 @ 7.0% cap · market cap 8.00%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Bars & Pubs

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Law Firm Nail Salon Parking Lot & Garage Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

479

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 15209, PA

12,044

Population

6,098

Households

2

Avg Household Size

42

Median Age

36%

College-Educated

95%

High-School Grad

4.8 sq mi

ZIP Area

2,509

Density / Sq Mi

$80,221

Median Household Income

$47,427

Median Earnings

$1,042

Median Rent

$218,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

• Sliders Ice Curling Bar — 2 Sedgwick St, Pittsburgh, PA 15209
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• Grant Bar Inc — 114 Grant Ave, Pittsburgh, PA 15209

Frequently Asked Questions

What type of property is this?

Bar & Pub - The sale includes the operating business, liquor license, furnishings, equipment, and 30 days of transition consultation.

Where is this bar & pub located?

The property is located at 623 North Ave Millvale, PA.

What is the asking price?

The asking price for this property is $379,000.

What are key features of this property?

This property features: Bar and restaurant business offered with its real estate and liquor license; 1,700‑square‑foot venue on a 0.04‑acre parcel; Brick construction; zoned Com