Current Use by Public Records
- Retail properties & Spaces
Property Details for 1851 Keystone Way
- Year built
- 2013
- Lot size
- 0.75 lot acres
- Property type
- Retail properties & Spaces
Description
This turnkey restaurant opportunity in Newport, PA presents a unique chance to acquire a fully operational establishment. Situated on a 0.75-acre lot along Route 34, the 2,600 square foot building underwent a complete remodel in 2013, recovering from a fire. The property boasts a 50-seat dining area, a separate banquet space complete with a propane fireplace, and a convenient handicap-accessible entrance. All furnishings, including tables, chairs, and extensive kitchen equipment (three fryers, two pizza ovens, grill, walk-in cooler, and more) are included, though the price is negotiable if the buyer doesn't require them. The kitchen features large granite countertops, a hood with a fire suppression system (new in 2013), and ample commercial-grade appliances. The building is equipped with a propane water heater, propane heat, and multiple mini-split units for heating and air conditioning. A robust 400-amp electrical system is supported by a 10,000-watt backup propane generator. Utilities include an on-site well and two 2000-gallon septic holding tanks. Additional features include handicap-accessible restrooms, an office with a built-in safe and a functioning security system, and drive-through windows. An unfinished 14' x 50' upstairs space offers potential for expansion into living quarters or additional retail space. The brick facade and standing seam roof reflect the high-quality construction of the 2013 remodel. The restaurant was in operation until January 1st, 2024. This is a remarkable opportunity to own a profitable, fully equipped restaurant ready for immediate operation.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- PERRY
- State
- Pennsylvania
- Longitude
- -77.1424
- Latitude
- 40.4603
