Ann's Chop House | 2783 South Park Rd
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Ann's Chop House 2783 South Park Rd
7,400 SF 100% Leased Flex Building Bethel Park, PA 15102 $1,350,000 ($182/SF) 10.14% Cap Rate
Investment Highlights
- This is a rare opportunity to purchase Ann's Chophouse, a family-owned restaurant and tavern in Bethel Park with a 10.14% CAP rate.
- Multiple updates inclduing interior, furnaces, A/C units, roof, kitchen appliances, and compressor.
- A 20'x25' building foundation exists at back right corner of property with basement and full utilities plus sewage, previously an ice cream shop.
- Busy business district with 17,000 vehicles passing by each day.
- Income producing property with restaurant/bar, 3 apartments, and a tanning/beauty shop.
- Full basement area for storage (walk out) at this property.
Executive Summary
Multi-Use Restaurant/Tavern/Apartments/Tanning | 10.14% CAP
A rare opportunity to purchase an iconic business and property with a 10.14% ACTUAL CAP Rate. Ann’s Chophouse has been family owned/operated for over 100 years with a generational customer base in a PRIME location in Bethel Park. With over 7,400sqft sitting on 1.20 flat acres (2 parcels), a daily traffic count of over 17,000 vehicles and 60+ parking spaces, this turn-key, income generating opportunity is ready for its legacy to continue. Large dining area w/ seating for over 150 guests, great for large group functions or casual dining. Completely updated / fully equipped kitchen. Full-service bar area seats 38 w/ tons of entertainment machines.
Rental income: 3 apartments and Tanning Salon (long term tenants). Full restaurant liquor license, furniture and fixtures included. Full bldg pad (with basement) and all utilities at right rear of property (formally very busy ice cream shop-more INCOME POTENTIAL). Don’t let this once in a lifetime TURN-KEY opportunity slip away to become part of a 100-year tradition in the South Hills!!!
MULTIPLE UPDATES within last 3 years (Roof, Kitchen, Electrical System, Compressor and MORE!!) Liquor license, GOI/NOI, CAP rate in attachments. MLS #1657387 SHOWINGS: Lender Pre-Approval or POF required prior to showing. Contact John Moses for ALL showings 412.789.7261, listing agent will be present for all showings. SHOWING SCHEDULE: 7 days from 8a-10a ONLY. Information deemed reliable but not guaranteed. Buyer is exclusively responsible for the verification of any matter that is material to their decision-making process as it may pertain to this property.
A rare opportunity to purchase an iconic business and property with a 10.14% ACTUAL CAP Rate. Ann’s Chophouse has been family owned/operated for over 100 years with a generational customer base in a PRIME location in Bethel Park. With over 7,400sqft sitting on 1.20 flat acres (2 parcels), a daily traffic count of over 17,000 vehicles and 60+ parking spaces, this turn-key, income generating opportunity is ready for its legacy to continue. Large dining area w/ seating for over 150 guests, great for large group functions or casual dining. Completely updated / fully equipped kitchen. Full-service bar area seats 38 w/ tons of entertainment machines.
Rental income: 3 apartments and Tanning Salon (long term tenants). Full restaurant liquor license, furniture and fixtures included. Full bldg pad (with basement) and all utilities at right rear of property (formally very busy ice cream shop-more INCOME POTENTIAL). Don’t let this once in a lifetime TURN-KEY opportunity slip away to become part of a 100-year tradition in the South Hills!!!
MULTIPLE UPDATES within last 3 years (Roof, Kitchen, Electrical System, Compressor and MORE!!) Liquor license, GOI/NOI, CAP rate in attachments. MLS #1657387 SHOWINGS: Lender Pre-Approval or POF required prior to showing. Contact John Moses for ALL showings 412.789.7261, listing agent will be present for all showings. SHOWING SCHEDULE: 7 days from 8a-10a ONLY. Information deemed reliable but not guaranteed. Buyer is exclusively responsible for the verification of any matter that is material to their decision-making process as it may pertain to this property.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$30,600
|
$4.14
|
| Other Income |
$562,211
|
$75.97
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$592,811
|
$80.11
|
| Taxes |
$15,707
|
$2.12
|
| Operating Expenses |
$440,278
|
$59.50
|
| Total Expenses |
$455,985
|
$61.62
|
| Net Operating Income |
$136,826
|
$18.49
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $30,600 |
| Annual Per SF | $4.14 |
| Other Income | |
|---|---|
| Annual | $562,211 |
| Annual Per SF | $75.97 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $592,811 |
| Annual Per SF | $80.11 |
| Taxes | |
|---|---|
| Annual | $15,707 |
| Annual Per SF | $2.12 |
| Operating Expenses | |
|---|---|
| Annual | $440,278 |
| Annual Per SF | $59.50 |
| Total Expenses | |
|---|---|
| Annual | $455,985 |
| Annual Per SF | $61.62 |
| Net Operating Income | |
|---|---|
| Annual | $136,826 |
| Annual Per SF | $18.49 |
Property Facts
| Price | $1,350,000 | Building Class | C |
| Price Per SF | $182 | Lot Size | 1.20 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 7,400 SF |
| Cap Rate | 10.14% | No. Stories | 2 |
| Property Type | Flex | Year Built/Renovated | 1954/2014 |
| Price | $1,350,000 |
| Price Per SF | $182 |
| Sale Type | Investment or Owner User |
| Cap Rate | 10.14% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 1.20 AC |
| Rentable Building Area | 7,400 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2014 |
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Freezer (Space)
- Restaurant
- Security System
- Signage
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $499,300 (2024) | |
| Land Assessment | $241,700 (2024) | Annual Taxes | $15,707 ($2.12/SF) |
| Improvements Assessment | $257,600 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$241,700 (2024)
Improvements Assessment
$257,600 (2024)
Total Assessment
$499,300 (2024)
Annual Taxes
$15,707 ($2.12/SF)
Tax Year
2023
zoning
| Zoning Code | Commercial |
| Commercial |
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Ann's Chop House | 2783 South Park Rd
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