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    222 Hall Ave Washington, PA 15301

    Sponsored
    For Sale
    $1,000,000

    Prime Washington, PA Restaurant with Land Lease

    Property size:
    6,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 6,014-square-foot restaurant in Washington, Pennsylvania. Situated on an expansive 11.47-acre lot with 87 parking spaces, this property boasts a highly desirable drive-thru configuration. Currently operating under a NNN ground lease with PNC Bank, the lease extends to 2034 with two five-year renewal options. The current annual rent is $55,742, subject to a 10% increase every five years. The asking price for this turnkey operation is $1,000,000. The property is zoned Commercial and features two parcel numbers: 720-011-00-00-0001-00 and 720-011-00-00-0001-001. This location offers significant potential for continued growth and profitability, benefiting from its convenient access and established presence within the Washington community. The property's address is 222 Hall Ave, Washington, PA 15301. This is a rare opportunity to acquire a well-established restaurant with a long-term lease in place, offering a strong return on investment. All fixtures are included in the sale price. The property is available for sale individually.

    Property Features for 222 Hall Ave

    General Information

    Property type
    Restaurants
    Square Feet
    6,014 SF
    Lot Size
    499,633 SF

    HighLights

    • NNN ground lease with PNC Bank.
    • 20‑year lease expiring 2034, with two 5‑year options.
    • Annual rent: $55,742, increasing 10% every 5 years.
    • Asking price: $1,000,000.
    • Total asking price (both properties): $1,575,000.
    • Properties available for sale individually or as a package.
    Property Profile Location Intelligence

    Current Use by Public Records

    Solomon Seafood Seafood Restaurant

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Washington
    State
    Pennsylvania
    Longitude
    -80.254043
    Latitude
    40.1729665

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    FAQs

    What type of property is this?
    Restaurant - Prime Washington, PA Restaurant with Land Lease
    Where is this restaurant located?
    The property is located at 222 Hall Ave Washington, PA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: NNN ground lease with PNC Bank.; 20-year lease expiring 2034, with two 5-year options.; Annual rent: $55,742, increasing 10% every 5 years.
    Request Owner's contact information
    222 Hall Ave Washington, PA 15301
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    Washington, PA 15301
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    Realmo Value Estimation

    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.

    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.

    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
    222 Hall Ave Washington, PA 15301
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