2749 Noblestown Rd Pittsburgh, PA 15205
- Retail properties
- 6,400 SF
- 1.00 lot acres
Current Use by Public Records
- Fired Up Brick Oven Tap House / Restaurant
- Sneaky Pete's Pittsburgh / Restaurant
Property Details for 2749 Noblestown Rd
- Year built
- 1955
- Lot size
- 1.00 lot acres
- Property size
- 6,400 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This thriving Pittsburgh restaurant, "Fire'd Up Brick Oven Tap House," presents a compelling investment opportunity. The 6,400-square-foot, two-story building is situated on a high-traffic road in the South Hills area, boasting an Average Daily Traffic count of 6,423 vehicles. Its prime location offers excellent visibility and accessibility, conveniently located near the Route 376 exit. The property features updated furniture, fixtures, and equipment (FF&E), creating a modern sports bar atmosphere. The upper floor houses a fully equipped kitchen, ample prep areas, and substantial storage space. The property includes 77 parking spaces and an attractive outdoor seating area, further enhancing its appeal. The building's design also allows for live music events, adding another dimension to its entertainment offerings. This stabilized investment property, classified as Class B, operates under a NNN lease and offers a strong 8.21% cap rate with a Net Operating Income (NOI) of $78,000. The asking price is $950,000, translating to $148.44 per square foot. Built in 1955, the property sits on a one-acre lot and is currently a single-tenant operation. This turnkey operation is perfect for both investors seeking a strong return and operators looking for an established, high-performing business. The property's features and location make it an exceptional opportunity in the competitive Pittsburgh market.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.0667
- Latitude
- 40.4211
