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Niko's Lounge 342 Center Ave 3,038 SF Retail Building Pittsburgh, PA 15229 $450,000 ($148.12/SF)
Investment Highlights
- Prime North Hills Location
- Strong neighborhood presence and community appeal
- Liquor license included with sale
Executive Summary
Turnkey bar and restaurant opportunity in the highly desirable North Hills of Pittsburgh, situated in a well-established, family-friendly neighborhood with consistent local traffic and a strong base of repeat customers. This fully operational property includes a valuable liquor license, a well-equipped kitchen, inviting dining space, and a comfortable bar area that serves as a true neighborhood gathering spot. Known for its welcoming atmosphere and community presence, the business offers excellent visibility, ample parking, and immediate income potential for a owner-operator or investor. With the included real estate and liquor license, this is a rare chance to own a solid, income-producing property with upside through expanded hours, entertainment, or menu enhancements in one of the North Hills' most stable areas.Exceptional opportunity!
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
3,038 SF
Building Class
C
Year Built
1955
Price
$450,000
Price Per SF
$148.12
Tenancy
Single
Building Height
2 Stories
Building FAR
0.87
Lot Size
0.08 AC
Zoning
Retail - Retail/Apartment C 1
Parking
6 Spaces (1.97 Spaces per 1,000 SF Leased)
Frontage
30’ on Center Ave
Amenities
- Restaurant
- Security System
- Signage
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0280-G-00224-0000-00 | Total Assessment | $80,000 |
| Land Assessment | $26,600 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $53,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
0280-G-00224-0000-00
Land Assessment
$26,600
Improvements Assessment
$53,400
Total Assessment
$80,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Niko's Lounge | 342 Center Ave
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