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    85 1st St Leechburg, PA 15656

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    For Sale
    $485,000

    Business - Leechburg Boro, PA

    Type:Business
    Property size:
    7,000 SF
    Lot size:
    0.08 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 29 at 1:06 am

    Property Features for 85 1st St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    B1
    Standard status
    Active
    Size
    7,000 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5619

    Building Details

    Year built
    1850
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Janet Ryan
    Janet Ryan

    Listing agent Janet Ryan

    Listing office CENTURY 21 AMERICAN HERITAGE 3285 Leechburg Road, Lower Burrell, PA

    Listing date Apr 23, 2026

    MLS# 1750031 Listing URL

    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.

    Overview

    Turnkey Restaurant and Event Venue

    This renovated commercial property, formerly the Addison House, offers historic charm and modern functionality. The property has been transformed into a turnkey restaurant and event venue. The main level features a full-service barista bar, café-style seating for approximately 25 guests, and a main dining room with seating for approximately 60 guests. Also on this level are a server station, two ADA-compliant restrooms, and a renovated commercial kitchen. The second floor includes a banquet room accommodating approximately 40 guests, a rooftop patio, two flexible-use rooms, a second kitchen, and an additional restroom. The third floor offers a large open space that can be customized for expanded event space, office suites, or entertainment space. The remodeled basement provides space for food preparation, cold and dry storage, and operational support. This landmark property is located in Leechburg Boro, PA, and attracts customers from the surrounding communities. The property is situated on a lot of 0.076 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1st Street Cafe Cafe & Coffee Shop

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leechburg
    County
    Armstrong
    State
    Pennsylvania
    Longitude
    -79.604019
    Latitude
    40.625883

    Nearby Similar for Sale

    • $1,750,000

      Multi-Faceted Recreational Business Opportunity

      Premier outdoor recreational business with river frontage and growth potential.
      3158 River, Leechburg Boro, PA 15656
      View Details
    • $550,000
      7,000 SF

      Turnkey Restaurant in Historic Mansion

      Renovated 7,000+ sq ft turnkey restaurant in historic Leechburg mansion.
      85 1st St, Leechburg, PA, 15656-1301
      View Details

    FAQs

    What type of property is this?
    Restaurant - Renovated commercial property ready for immediate operation as restaurant/venue.
    Where is this restaurant located?
    The property is located at 85 1st St Leechburg, PA.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: Turnkey restaurant and event venue in a completely renovated 7,000+ sq. ft. historic mansion.; Fully equipped, beautifully renovated commercial kitchen and additional prep kitchen in basement.; Multiple income‑producing spaces: main dining room (60 guests), banquet room (40 guests), and rooftop patio.
    (724) 335-4700
    We can help!
    Listing Contact
    Janet Ryan
    Janet Ryan
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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