1562 Island Ave - Restaurant FOR SALE


McKees Rocks, PA 15136
$1,200,000 USD
412-999-0722
1562 Island Ave, McKees Rocks, PA for Sale
$1,200,000 USD
Restaurant - FOR SALE
1/22
null | Request Cap Rate

Oct '26


1562 Island Ave
McKees Rocks, PA 15136


HIGHLIGHTS

  • Rarely does an opportunity like this come to market. Joe's Bar & Restaurant is a fully operational, cash-flowing hospitality business offering a buyer
  • MAKE AN OFFER!!

OVERVIEW

Rarely does an opportunity like this come to market. Joe's Bar & Restaurant is a fully operational, cash-flowing hospitality business offering a buyer nearly $1 million in annual gross revenue, a separately appraised PA Liquor License, a complete 2022 renovation, and one of the most enviable parking footprints in the Pittsburgh metro — all in a single acquisition. The Numbers Tell the Story. The 2024 gross revenue hit $935,151 with a Seller's Discretionary Earnings (SDE) of $162,802 — and the trajectory is firmly upward. Revenue is already up 30% since Island Avenue reopened, and there's no sign of it slowing. An independent appraisal supports the asking price: real estate at $875,000, the PA Liquor License at $125,000, and equipment at $100,000 — a combined appraised value of $1,100,000. The Property Is As Strong As the Business. The 9,690 SF main building sits on 0.73 acres and was fully renovated in 2022 — no deferred maintenance, no guesswork. Two full-service bars. Two private banquet rooms. A seasonal outdoor patio. And the crown jewel: a dedicated, separate 60-car parking lot, an asset virtually impossible to replicate at this price point in the Pittsburgh market. Everything Transfers. Nothing Left Behind. The PA Liquor License, all furniture, fixtures, and equipment are included in the purchase price. This is a true turn-key handoff — walk in, open the doors, and start collecting revenue from Day One. Who This Is Built For. Owner-operators ready to step into a proven concept. Regional restaurant groups looking to expand. Investors who understand that a 30%-revenue-growth story with hard real estate and a liquor license underneath it is not a listing — it's a career-defining buy. SBA financing may be available for qualified buyers.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,851 SF

ZONING

RC1, RC2

APN/PARCEL ID

0112-F-00242-0000-00

ASK ABOUT THIS PROPERTY

James SchonsREAL of PennsylvaniaMore Info
412-999-0722

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James SchonsREAL of PennsylvaniaMore Info
412-999-0722

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.