Turnkey Restaurant Opportunity in
8 Tech One Dr, Monroeville, PA 15146
For Sale
$1,195,000
7,800 SF turnkey restaurant for sale
Property Size7,800 SF
Lot Size0.18 Acres
Price / SF$153.21
Days on Market658
Property Features for 8 Tech One Dr
General Information
Standard status
Property type
Size
Total Parking Spaces
Elevators
Lot size
Building Details
Buildings
Stories
Listed By:
Andreas Kamouyerou
(724) 825-0888
Added: Jan 20, 2025
Changed: Mar 16
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,800 square foot restaurant in Monroeville, PA, presents an investment opportunity. Previously operating as a hibachi restaurant, the property includes all furniture, fixtures, and equipment. The layout boasts one full bar, one sushi bar, eighteen hibachi grill stations, and three private dining rooms, accommodating up to 140 diners. Ample parking is available with over 70 spaces. Its location is less than a mile from the Monroeville Mall, ensuring high visibility and foot traffic, further enhanced by its proximity to major roadways with a combined average daily traffic count of 29,548 vehicles. The property also offers the added benefit of an available liquor license, maximizing its retail potential. The lot size is 0.18 acres. The property is ready for immediate operation, minimizing start-up costs and maximizing return on investment.
Key Highlights
- 7,800 SF Turnkey Hibachi Restaurant
- Includes furniture, fixtures and equipment
- 70+ parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,909
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,818,180
$1.8M
Cap Rate 7%
$1,298,700
$1.3M
Cap Rate 9%
$1,010,100
$1.0M
Market Conditions
NOI Build-Up for 7,800 SF
Gross rent
$140.4K $18.00/SF
− Vacancy
−$10.5K −$1.35/SF
EGI
$129.9K $16.65/SF
− OpEx
−$39.0K −$5.00/SF
NOI
$90.9K $11.66/SF
Area
Allegheny County, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,818,180
Cap Rate 7%
$1,298,700
Cap Rate 9%
$1,010,100
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $90,909 @ 7.0% cap · market cap 7.61%
Second Best
Specialty Retail
$1.11M
$967.0K – $1.29M
NOI $77,360 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,075 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Dollar General
Shops & Services
13,663 visits/mo
0.2 miles
Aroma Joe's
Dining
4,120 visits/mo
0.3 miles
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
Properties on Market for Restaurants in Allegheny County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Restaurant - 7,800 SF turnkey restaurant for sale
Where is this restaurant located?
The property is located at 8 Tech One Dr Monroeville, PA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 7,800 SF Turnkey Hibachi Restaurant; Includes furniture, fixtures and equipment; 70+ parking spaces
