212 Warren AveApollo, PA 15613

Property Details for 212 Warren Ave

Year built

1920

Lot size

0.13 AC

Property size (Sq ft)

8,572 SF

Zone code

BUSINESS

Property type

Retail properties

Property subtype

Turn key restaurants

APN

01-0-000099

APU

10000099

Description

This exceptional opportunity presents a fully operational restaurant and bar situated in the heart of historic downtown Apollo, Pennsylvania. The property, at 212 N. Warren Avenue, boasts a prime location just steps from the Kiski River and the popular Rails to Trails. This two-story freestanding building has been family-owned and operated for over 74 years, offering a rich history and established clientele. The sale includes the business, all fixtures, furniture, and equipment (FF&E), and a valuable Hotel Liquor License. The main level encompasses a well-established restaurant and bar area, ready for immediate operation. A significant advantage is the inclusion of an 18-car parking lot, ensuring ample space for patrons. A partial basement provides additional storage and utility space. The second floor presents considerable potential for development into apartments, offering an additional revenue stream. This turnkey operation provides a unique opportunity for an experienced restaurateur or a savvy investor seeking a profitable venture in a desirable location. The 0.14-acre lot provides ample space for outdoor seating or future expansion. The property is being offered at $475,000, representing a compelling investment in a thriving community. This is a rare chance to acquire a well-established business with significant upside potential. Don't miss this chance to own a piece of Apollo's history.

• CAP approach

  CAP return

  Valuation

  6%

  $2,688,470

  6.5%

  $2,481,665

  7%

  $2,304,403

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,206,309

  Geo Method

  $4,318,992

• Alternative Use

  Use

  Valuation

  Residential

  $2,093,377

  Hospitality

  $1,917,522

  Educational

  $1,595,356

  Medical

  $1,650,223

  Retail

  $2,481,665

Location Insight

City

Apollo

County

Armstrong

State

Pennsylvania

Latitude

40.5827

Longitude

-79.5675

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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