283 Chestnut StMeadville, PA 16335

  • Mixed-use properties
For Sale
$700,000 View listing

Property Details for 283 Chestnut St

Property type
Mixed-use properties
Property subtype
Other investment properties
APN
18837
APU
18837

Description

This exceptional business opportunity encompasses a thriving Italian restaurant, established in 2010, situated in the heart of Meadville, PA. The sale includes all equipment, furnishings, and the real estate itself, presenting a turnkey operation ready for immediate success. The property boasts approximately 7,313 square feet of space, with an additional approximately 2,437 square feet in a connected building, totaling approximately 9,750 square feet. This substantial space includes a fully equipped restaurant, a private owner's apartment, a second apartment, and a large, undeveloped second-floor area offering significant expansion potential for additional living space, an art studio, storage, or other uses. A full basement is present in the brick building. The property sits on a 0.11-acre lot with convenient access to a public parking lot. All electrical wiring has been updated. The restaurant operates on a BYOB basis, eliminating the need for a liquor license. The current owner/chef is available to provide training for a fee, ensuring a smooth transition for the new owner. The zoning is MU-3. This remarkable property offers an unparalleled opportunity for a savvy investor or restaurateur seeking a well-established business with significant growth potential. The impressive interior is a must-see.

283 Chestnut St, Meadville, Pennsylvania
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Location Insight

City
Meadville
County
Crawford
State
Pennsylvania
Latitude
41.6383
Longitude
-80.1518
CBSA code
32740
CBSA name
MEADVILLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,663
$22,250
$41,150
$63,400
-
$29,700
$54,899
$84,599

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