1562 Island AveMcKees Rocks, PA 15136

Property Details for 1562 Island Ave

Lot size

0.30 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

112-F-242

APU

112F242

Description

Prime McKees Rocks restaurant and pub, "Jabby Joe's," is available for sale. This turnkey opportunity includes the real estate and a liqueur license. The 6,717 square foot, two-story building sits on a 12,851 square foot lot and boasts ample parking for approximately 50 vehicles, supplemented by on-street parking and two handicap-accessible spots. Built in 1945, the property is zoned RC1, RC2, and features three full-service bars, two dining areas, and a banquet facility. The interior includes two restrooms, a sushi bar, and numerous televisions. All furniture, fixtures, and equipment (FF&E) are included in the sale price of $1,295,000. The property enjoys a high-traffic location at the intersection of Neville Avenue and Route 51 (Island Avenue), benefiting from over 8,000 vehicles passing daily. This established business, formerly known as Rocky's Pub, has operated successfully since 1997, making it a well-known and beloved local establishment. The sale presents a unique opportunity to acquire a profitable business with significant potential for growth in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,592,630

  6.5%

  $3,316,274

  7%

  $3,079,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,029,248

  Geo Method

  $3,029,248

• Alternative Use

  Use

  Valuation

  Residential

  $2,797,402

  Hospitality

  $2,562,405

  Educational

  $2,131,890

  Medical

  $2,205,210

  Retail

  $3,316,274

Location Insight

City

Mc Kees Rocks

County

Allegheny

State

Pennsylvania

Latitude

40.489

Longitude

-80.079

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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