1.17 ACRES PRIME MIXED-USE REAL ESTATE AVAILABLE WITH PROFITABLE RESTAURANT AND RENTALS
At a Glance
This unique opportunity in the South Hills of Pittsburgh sits on 1.17 acres and includes an Allegheny County Liquor license. The 2,900 sq. ft. The restaurant and bar are turnkey and profitable. In addition, there are leased apartments and retail space bringing in four additional revenue streams, as well as an expansion opportunity for a fifth.
Recent improvements to the property include new first-floor addition, new utilities, full renovation of restaurant space, updated HVAC, updated electrical, exterior renovations. Real estate opportunities in this growing area don't come up every day!
The Numbers
- Asking Price: $1,500,000
- 1.7 acres of commercially zoned real estate valued at $1,000,000
- FF&E and Goodwill valued at $420,000
- Allegheny County :"R" liquor license valued at $85,000
- Square Footage: 2,900 sq. ft. restaurant space in 7,400 sq. ft. building
Listing Features
- FF&E: Included
- Real Estate: Owned
- 2.5 story Mixed-Use Building including Multiple Apartments, Rented Retail Spaced, and 2,900 sq. ft. Turnkey Restaurant Space
- Reason for Selling: Retirement
- Many recent updates to space
- Highly desirable South Hills location
Matthew J. Burek
Senior Vice President, Head of Sales and Business Development
412-779-1606
matt@sofrankoadvisors.com
“I simply wanted to write you and say thank you very much for all of your efforts, time, and your trust in us! I am grateful for the fact that you worked with us and proud to be a part of The Vault.”
Jim
The Vault
“I'd like to thank Ronald Sofranko for the great job you did for Maxwell's Pizza Bellevue helping facilitate the liquor license process.”
Christina
Maxwell's Pizza
“You guys are a great company. [Jeff] and Ron have been very patient and informative. Very glad we're selling through you. People over money is most important to us and you've shown that as well. ”
Randy
Bob's Beverage
“It was my pleasure doing business with Sofranko Advisory Group and my representative Paul Alexander. Paul showed true expertise in the sale of my bar & restaurant. He exceeded all expectations and closed my deal exactly how we discussed. He providing me with constant updates and feedback throughout the process. My experience was second to one. I would highly recommend using Sofranko and Paul in all sides of bar and restaurant business”
Justin
Iron Creek
“"Everyone we have dealt with from Sofranko Advisory Group has been diligent, honest, and professional at all times. I have recommended their services to close friends of mine and will continue to do so in the future."”
Big Shot Bob’s House of Wings
Big Shot Bob's House of Wings
“"She handled my constant questions and concerns with compassion and professionalism. Couldn’t have done it without the team! Much gratitude and praise is definitely due." ”
Terry
Sam's Pop & Beer
“Sofranko Advisory has always done excellent work for me and my clients....Their capabilities are second to none. I always highly recommend them.”
David Glickman
Newmark Knight Frank