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Property profile & analytics
OFF-MARKET
Turn key restaurants

951 Old Frankstown Rd Pittsburgh, PA 15239-2509

2.86 ac lot
Individually Owned 23-yr Hold Free & Clear
Property ID
US73-5621742
Property summary
AI-generated overview

This exceptional retail property, located at 951 Old Frankstown Road in Plum, Pennsylvania, presents a unique investment opportunity. Priced at $1,100,000, this 2.86-acre lot boasts a long-standing history as a restaurant, sports bar, and nightclub, complete with banquet facilities and a sizable outdoor deck. The property's versatile layout offers numerous possibilities for future uses, making it an attractive prospect for a variety of businesses. Its established infrastructure and turnkey nature significantly reduce the time and expense associated with start-up. The central location within Plum, Allegheny County, PA 15239 (40.4519259, -79.7271273) ensures high visibility and accessibility. The property's size and existing features provide ample space for expansion or modification to suit the needs of a new owner. This is a rare chance to acquire a well-established commercial property with significant potential for growth and profitability in a desirable location. The property is zoned for commercial use and is ready for immediate occupancy. Serious inquiries are encouraged to explore this exciting opportunity further. The property is classified as retail commercial.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 2.86 ac (124,364 SF)
APN 1105-B-186
UPID US73-5621742
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Zanderz Sports Bar Bar & Pub
  • Palmieri's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
John P Palmieri · 23 yrs held
John P Palmieri
since 2003
3 recorded transactions
2021
Price N/A
2003
$275,000
1998
$423,355
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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