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Niko's Lounge 342 Center Ave 3,038 SF Retail Building Pittsburgh, PA 15229 $623,358 CAD ($205.19 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| 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
$623,358 CAD
Price Per SF
$205.19 CAD
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
About 342 CENTER AVE , PITTSBURGH, PA 15229
This Turn Key Bar and Restaurant includes both the Real Estate and Liquor License. The key to a great investment is owning the Real Estate, no lease, which provides security in your investment. There is plenty of room for expansion of the business using your own creativity. The second floor is a 3 bedroom apartment, currently rented on a month to month basis. There are separate utilites for the bar and apartment.
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 | $110,819 CAD |
| Land Assessment | $36,847 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $73,972 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0280-G-00224-0000-00
Land Assessment
$36,847 CAD
Improvements Assessment
$73,972 CAD
Total Assessment
$110,819 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Niko's Lounge | 342 Center Ave
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