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Wagner's Restaurant 550 McKeesport Rd 3,487 SF Retail Building Elizabeth, PA 15037 $975,031 CAD ($279.62 CAD/SF)
Investment Highlights
- Prime location with 440 ft of frontage along a high-visibility corridor
- Expansion or redevelopment potential
- Versatile layout suitable for restaurant, brewery, coffee roastery, or retail concepts
- Traffic counts exceeding 11,000 vehicles per day
- 59 paved parking spaces with potential for additional capacity
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,487 SF
Building Class
C
Year Built
1948
Price
$975,031 CAD
Price Per SF
$279.62 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.66 AC
Zoning
Commercial - Commercial property with restaurant and 59 parking spaces on 5 lots & blocks. 1132-A-114 (restaurant) 1132-B-240, 1132-A-45, 1132-B-255 & 1132-A-114
Parking
59 Spaces (16.92 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1132-A-00114-0000-00 | Improvements Assessment | $241,706 CAD |
| Land Assessment | $122,721 CAD | Total Assessment | $364,427 CAD |
Property Taxes
Parcel Number
1132-A-00114-0000-00
Land Assessment
$122,721 CAD
Improvements Assessment
$241,706 CAD
Total Assessment
$364,427 CAD
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Wagner's Restaurant | 550 McKeesport Rd
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