3951 William Penn Hwy - Restaurant FOR SALE


Monroeville, PA 15146
$190,000 USD
305-206-1286
3951 William Penn Hwy, Monroeville, PA for Sale
$190,000 USD
Restaurant - FOR SALE
1/16
null | Request Cap Rate

3951 William Penn Hwy
Monroeville, PA 15146


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Golden Corral | 38K VPD | 10,330 SF | 3.3 Acres | Pittsburgh MSA | AUCTION NOVEMBER 17-19, 2025
  • 10,330 SF Freestanding Former Golden Corral Restaurant on 3.37 Acres at Signalized Hard Corner
  • ±29,663 VPD Traffic Count Frontage and Visibility on William Penn Hwy and ±9,315 VPD on Duff Rd in Dense Retail Corridor
  • Neighboring Retailers: Target, Lowe’s, Marshalls, DSW, Five Below, Aldi, CVS, Giant Eagle Grocery, Burlington, HomeGoods
  • Casual Dining Nearby: Olive Garden, Five Guys, Chick fil A, Chipotle, Wing Stop, McDonald’s, KFC, Blaze Pizza, Moe’s Southwest, Denny’s
  • 1-Mi to UPMC East and Forbes Hospital | 1-Mi to Monroeville Mall (Walmart-Owned, Major Redevelopment Planned) | 1-Mi to I-376/76 Interchange

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing, second-generation restaurant/retail building located at 3951 William Penn Highway in Monroeville, Pennsylvania (the “Property”). Formerly occupied by Golden Corral, the Property is being offered significantly below replacement cost, providing an attractive opportunity for both owner/users and investors to acquire a high-visibility asset within a well-trafficked commercial corridor in the Pittsburgh MSA. FIRST BID MEETS RESERVE! Built in 1982, the Property features a single-story, free-standing retail building totaling ±10,330 square feet, situated on a ±3.37-acre parcel (±146,816 SF). Located at the signalized hard-corner intersection of William Penn Highway and Duff Road, the site offers ±238 feet of prime frontage along William Penn Highway (±29,663 VPD) and ±512 feet along Duff Road (±9,315 VPD). With 162 surface parking spaces (16/1,000 SF) and a Walk Score of 73 (“Very Walkable”), the Property benefits from excellent visibility, convenient accessibility, and strong surrounding retail synergy. Two curb cuts—one along William Penn Highway and one along Duff Road—provide efficient ingress and egress to the site from both heavily trafficked corridors. The existing restaurant infrastructure makes the Property well-suited for restaurant reuse, retail repositioning, or complete redevelopment. Previously leased on a triple net (NNN) basis, the Property presents a compelling value-add opportunity to re-lease the space at market rents (CoStar-estimated $15–$18/SF NNN Retail). Zoned BLVD, Boulevard Zoning District, the site accommodates a dense mixture of uses, such as housing, retail and other commercial uses, offering exceptional flexibility for prospective users, investors, and developers alike. The Property is located in Monroeville, Pennsylvania, a vibrant eastern suburb within the Pittsburgh Metropolitan Statistical Area (MSA). Positioned along William Penn Highway (U.S. Route 22)—one of the region’s most heavily traveled commercial corridors—the site benefits from exceptional visibility and connectivity to major thoroughfares, including I-376 (Parkway East, ±56,537 VPD), I-76 (Pennsylvania Turnpike), and Route 48. This strategic location provides seamless access to Downtown Pittsburgh (±13 miles west) and key employment centers throughout Allegheny and Westmoreland Counties. Monroeville serves as a major retail and healthcare hub for eastern Allegheny County, drawing consistent traffic from surrounding residential communities and travelers along the I-376 and U.S. 22 corridors. The immediate trade area features a robust mix of national and regional retailers—including Target, Lowe’s, Dick’s Sporting Goods, Macy’s, Marshalls, Giant Eagle, Sam’s Club, and Best Buy—anchored by the nearby Monroeville Mall, one of Western Pennsylvania’s largest regional shopping destinations. The Property also benefits from proximity to major institutional and employment drivers such as UPMC East Hospital, Forbes Hospital (Allegheny Health Network), and several large office and medical complexes along Business Route 22. Within a 5-mile radius, the area boasts a population exceeding 138,000 residents with an average household income above $95,000. Supported by strong demographics, high traffic volumes, and excellent regional accessibility, the Monroeville corridor continues to sustain demand from restaurant, service, and retail users seeking high-visibility, freeway-accessible locations within the Pittsburgh MSA.

FOR SALE DETAILS

PRICE

$190,000 USD

PRICE/SF

$18 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former Golden Corral

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Duff Rd

LAND ACRES

3.37 AC

LAND SF

146,797 SF

ZONING

-

APN/PARCEL ID

0743-K-00337-0000-00

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

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