550 McKeesport Rd - Restaurant FOR SALE


Elizabeth, PA 15037- Lincoln/Hilldale
$699,900 USD
724-640-3051
550 McKeesport Rd, Elizabeth, PA for Sale
$699,900 USD
Restaurant - FOR SALE
1/67
null | Request Cap Rate

550 McKeesport Rd
Elizabeth, PA 15037
Lincoln/Hilldale


HIGHLIGHTS

  • Prime location with 440 ft of frontage along a high-visibility corridor
  • Traffic counts exceeding 11,000 vehicles per day
  • Expansion or redevelopment potential
  • 59 paved parking spaces with potential for additional capacity
  • Versatile layout suitable for restaurant, brewery, coffee roastery, or retail concepts

OVERVIEW

A fully operational, long-standing restaurant on 2.46 acres along high-traffic McKeesport Road, with over 440 feet of road frontage and traffic counts the seller reports exceeding 11,000 vehicles per day. Fifty-nine paved parking spaces, direct signage exposure to the corridor, and a building that runs today as a restaurant while carrying a second use most restaurant properties cannot. The main level is approximately 2,900 square feet: a large dining room anchored by a stone fireplace, a secondary dining area, and a classic diner-style counter. The seller reports a loyal customer base supporting the current Thursday through Sunday operation, which leaves real room to expand hours, rebrand, or reconfigure the dining concept without starting from nothing. A fully operational, long-standing restaurant on 2.46 acres along high-traffic McKeesport Road, with over 440 feet of road frontage and traffic counts the seller reports exceeding 11,000 vehicles per day. Fifty-nine paved parking spaces, direct signage exposure to the corridor, and a building that runs today as a restaurant while carrying a second use most restaurant properties cannot. The main level is approximately 2,900 square feet: a large dining room anchored by a stone fireplace, a secondary dining area, and a classic diner-style counter. The seller reports a loyal customer base supporting the current Thursday through Sunday operation, which leaves real room to expand hours, rebrand, or reconfigure the dining concept without starting from nothing. The lower level is where the flexibility lives. A three-car integral garage with 18-foot ceilings and an oversized door, fed by paper street access directly to the garage bays. That combination (high clearance, drive-in doors, separate rear access, and a full restaurant sitting on top) works for straight storage or for adaptive reuse: a production brewery with the tanks, loading, and equipment below and the taproom and service floor above, a catering operation, or a ghost kitchen running off the rear access while the front of the building does something else entirely. For developers and commercial investors, this is a high-visibility corridor with rare versatility. The site flexes to continued food service for an operator who wants turnkey, retail, multi-tenant, or a drive-thru configuration, and the signage and frontage do the work most infill sites have to pay for. The seller reports a 5-mile trade area of more than 60,000 residents and roughly $750 million in annual consumer spending, which is the scale and access piece that makes the long-term redevelopment math worth running. Immediate functionality on day one, with the bones already pouring concrete in the right places for whatever comes next.

FOR SALE DETAILS

PRICE

$699,900 USD

PRICE/SF

$201 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wagner's Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

2.66 AC

LAND SF

115,870 SF

ZONING

Commercial

APN/PARCEL ID

1132-A-00114-0000-00

ASK ABOUT THIS PROPERTY

Mikal MerlinaPiatt Sotheby’s International RealtyMore Info
724-640-3051

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Mikal MerlinaPiatt Sotheby’s International RealtyMore Info
724-640-3051

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