1100 Grove Rd 5,472 SF Retail Building Pittsburgh, PA 15234 $550,000 ($100.51/SF)
INVESTMENT HIGHLIGHTS
- Ready for immediate operation, perfect for new or expanding businesses.
- High traffic in surrounding areas.
- Situated in a high-traffic area with excellent visibility.
- Including business, building and liquor license + equipment.
EXECUTIVE SUMMARY
Owner is selling business, building and liquor license and equipment. Located at 1100 Grove Rd, this property boasts a prime location with high foot traffic and excellent visibility. The property is a premier retail bar/restaurant/night club located in the bustling heart of Pittsburgh. This exceptional property offers a unique opportunity for restaurateurs and investors alike. Featuring a modern, fully-equipped kitchen and a spacious dining area with stylish decor, it is ready for immediate operation. Situated in a high-traffic area with excellent visibility, the restaurant benefits from a strong community presence and an established customer base. With versatile space adaptable to various dining concepts and events, this property is perfect for new ventures or expanding businesses.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,472 SF
Building Class
C
Year Built
1950
Price
$550,000
Price Per SF
$100.51
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.26 AC
Zoning
Commercial
Parking
65 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
118’ on Willow Ave
AMENITIES
- Bus Line
- Metro/Subway
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Real Estate
- -
- -
- -
Night club in Pittsburgh, PA founded in 1872.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Real Estate | - | - | - |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
13,673
129,800
274,360
402,727
2029 Population
13,392
126,148
267,940
395,355
2024-2029 Projected Population Growth
-2.1%
-2.8%
-2.3%
-1.8%
Median Age
44.9
42.6
41.3
40.7
College Degree + Higher
37%
40%
42%
26%
Daytime Employees
4,344
49,400
144,849
340,365
Total Businesses
589
6,225
15,661
33,392
Average Household Income
$101,042
$97,548
$97,671
$96,501
Median Household Income
$80,472
$76,971
$75,687
$73,126
Total Consumer Spending
$198M
$1.8B
$3.7B
$5.4B
2024 Households
6,274
56,829
119,234
177,269
Average Home Value
$194,671
$236,954
$240,332
$249,418
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0190-N-00255-0000-00 | Improvements Assessment | $377,900 |
| Land Assessment | $97,200 | Total Assessment | $475,100 |
