10 Market St - Restaurant FOR SALE


Pittsburgh, PA 15222- The Point
$1,900,000 USD
412-980-7648
10 Market St, Pittsburgh, PA for Sale
$1,900,000 USD
Restaurant - FOR SALE
1/36
null | Request Cap Rate

10 Market St
Pittsburgh, PA 15222
The Point


HIGHLIGHTS

  • Fully operating, long-established restaurant and bar in Downtown Pittsburgh.
  • Includes real estate, operating business, Sanremo’s name & goodwill, liquor license, and all equipment.
  • Prime location at 10 Market Street in the heart of the CBD near Market Square, PPG Place, and the Cultural District.
  • Adjacent lot included, offering rare downtown flexibility for outdoor seating, storage, parking, or future use.

OVERVIEW

A rare opportunity to own a fully operating, long-established restaurant and bar in the heart of Downtown Pittsburgh. Located at 10 Market Street, Sanremo’s Pizza & Bar has been a beloved staple in the city for decades, serving residents, office workers, visitors, and the constant flow of activity surrounding Market Square and the Central Business District. This offering includes the two-story commercial building, the business, the Sanremo’s name and goodwill, the liquor license, all equipment, and an additional adjacent lot, creating a uniquely valuable package for an owner-operator, investor, or hospitality group seeking a turnkey, high-visibility location. Sanremo’s occupies a prime position in one of Pittsburgh’s most walkable and energetic corridors. Market Street connects directly to Market Square, PPG Place, the Cultural District, and the city’s major office towers, ensuring steady foot traffic throughout the day and into the evening. The business has a long history of success, supported by a loyal customer base, strong lunch and dinner demand, and the constant draw of downtown events, concerts, sports, and nightlife. Few restaurant locations in the city offer this combination of history, stability, and built-in consumer flow. The two-story building provides flexibility for current operations and future expansion. The main level features a fully equipped commercial kitchen, bar, and dining area designed for efficient service and high-volume output. The second floor offers additional space that can be used for storage, office needs, private events, or future build-out depending on the buyer’s vision. The sale includes all major equipment, fixtures, and systems necessary to continue operations without interruption. A large basement area has the perfect amount of space for storage, walk-in freezer or it could be incorporated into the restaurant as a quint dining area or vintage wine storage. A significant added benefit is the small adjacent lot, included in the sale. This lot provides valuable utility in a dense urban environment, potentially supporting outdoor seating, storage, parking, loading, or future development opportunities subject to zoning and buyer due diligence. In a downtown market where space is limited and demand remains strong; this additional parcel enhances both the operational flexibility and long-term value of the property. The inclusion of the liquor license further elevates the offering, allowing a new owner to maintain or expand bar service, increase revenue streams, and capitalize on the steady evening and weekend activity that surrounds the area. With Pittsburgh’s downtown continuing to evolve with new residential units, hotels, office tenants, and entertainment venues, the location is positioned to benefit from ongoing growth and revitalization. Sanremo’s Pizza & Bar represents a rare chance to acquire a thriving, fully established business with deep roots in the community, combined with the security of real estate ownership in one of the city’s most desirable commercial districts. Whether continuing the Sanremo’s legacy or rebranding to bring a new concept to Downtown Pittsburgh, this property offers exceptional visibility, strong financial potential, and a foundation built on decades of proven success.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$871 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,299 SF

ZONING

GT-C

APN/PARCEL ID

0001-G-00210-0000-00,0001-G-00211-0000-00

ASK ABOUT THIS PROPERTY

Mark HandlovitchRE/MAX Real Estate Solutions Inc.More Info
412-980-7648

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Mark HandlovitchRE/MAX Real Estate Solutions Inc.More Info
412-980-7648

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.