283 Chestnut St, Meadville, PA 16335
For Sale
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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.
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Mannino Italian Garden Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
