Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2060 Ardmore Blvd Pittsburgh, PA 15221

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2060 Ardmore Blvd Pittsburgh, PA 15221

    View on Map
    • Turn key restaurants
    • 0.92 lot acres
    For Sale
    $599,900
    View Listing →
    Restaurant Space with Outdoor Patio For Sale
    $599,900
    3,719 SF

    Restaurant Space with Outdoor Patio

    Restaurant with 138 seats, patio, and equipped commercial kitchen.

    Pittsburgh, PA 15221
    View Listing
    Property ID
    US73-0536438
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 2060 Ardmore Blvd

    Lot size
    0.92 lot acres
    Property type
    Turn key restaurants
    APN
    300-H-160
    APU
    300H160

    Description

    This exceptional turnkey restaurant opportunity in Forest Hills, Pennsylvania, is situated on a 0.92-acre lot (40,102 sq ft) and boasts a spacious 3,719 sq ft building. The property includes a 138-seat dining area, a welcoming outdoor patio perfect for al fresco dining, and a 688 sq ft basement housing employee facilities. The fully equipped commercial kitchen features a complete Ansel system, ovens, fryers, a commercial dishwasher, and ample walk-in cooler and freezer space. The property offers 50 parking spaces for patrons and staff. This established restaurant, a community fixture for years, presents a unique chance to acquire a well-maintained property with significant potential. Located at 2060 Ardmore Blvd, Pittsburgh, PA 15221, this property is listed at $1,500,000 and has an Allegheny County tax assessment of $18,442. The MLS number is 1621227. This is a rare chance to own a thriving business in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.8513
    Latitude
    40.4201
    CBSA code
    38300
    CBSA name
    PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,211
    $193,100
    $271,100
    $464,200
    -
    $193,100
    $271,100
    $464,200

    Comparable in this City

    • Value Estimation by Request
      0.38 Acres

      612 Penn Ave

      RESTAURANT • 0.38 Acres
      612 Penn Ave, Wilkinsburg, PA 15221-2124
      View Details
    • Value Estimation by Request
      0.11 Acres

      607 Braddock Ave

      RESTAURANT • 0.11 Acres
      607 Braddock Ave, Pittsburgh, PA 15221-3415
      View Details
    • Value Estimation by Request
      0.06 Acres

      796 Penn Ave

      RESTAURANT • 0.06 Acres
      796 Penn Ave, Pittsburgh, PA 15221-2217
      View Details
    • Value Estimation by Request
      0.16 Acres

      7619 Penn Ave

      RESTAURANT • 0.16 Acres
      7619 Penn Ave, Pittsburgh, PA 15221-2113
      View Details
    • Value Estimation by Request
      0.08 Acres

      827 Wood St

      RESTAURANT • 0.08 Acres
      827 Wood St, Pittsburgh, PA 15221-2819
      View Details
    • Value Estimation by Request
      0.08 Acres

      825 Wood St

      RESTAURANT • 0.08 Acres
      825 Wood St, Pittsburgh, PA 15221-2819
      View Details

    Similar Nearby for Sale

    • $599,900
      0.92 Acres

      Restaurant Space in Forest Hills

      Turn-key restaurant with outdoor patio on large lot.
      2060 Ardmore Blvd, Pittsburgh, PA 15221
      View Details
    • Contact for pricing

      Restaurant Space with Outdoor Patio

      Restaurant with 138 seats, patio, and equipped commercial kitchen.
      2060 Ardmore Blvd, Pittsburgh, PA 15221
      View Details
    • Contact for pricing
      145,632 SF

      Mixed-Use Plaza in Forest Hills

      Retail and office space on 5.48 acres with ample parking.
      2600 Ardmore Blvd, Pittsburgh, PA 15221
      View Details
    • $450,000

      Freestanding Building on Corner Lot

      9,598 SF freestanding building with parking and incentives.
      1714 Laketon Rd, Pittsburgh, PA 15221
      View Details
    • Contact for pricing
      1,323 SF

      Retail Investment Opportunity on Ardmore

      Retail property for sale with high traffic and accessibility.
      630 Ardmore Blvd, Pittsburgh, PA 15221
      View Details
    • $39,900
      0.20 Acres

      Wilkinsburg Multifamily Investment Opportunity

      Six-unit property in growing area, ideal for rehab.
      1300 Singer Pl, Wilkinsburg, PA 15221
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,460 SF

      Retail Space in Cultural District

      Retail space in the heart of Pittsburgh's art and entertainment.
      601-613 Penn Ave, Pittsburgh, PA 15221
      View Details
    • $6 SF/Yr

      Retail/Flex Space Available For Lease

      9,598 SF retail/flex space in freestanding building for lease.
      1714 Laketon Rd, Pittsburgh, PA 15221
      View Details
    • Contact for pricing
      3,396 SF

      Retail Space in Cultural District

      Retail space for rent in Pittsburgh's Cultural District.
      800 Penn Ave, Pittsburgh, PA 15221
      View Details
    • Contact for pricing
      6,600 SF

      Retail Space Available For Lease

      Retail space available for lease in Pittsburgh, Pennsylvania.
      7627 Penn Ave, Pittsburgh, PA 15221
      View Details
    • Contact for pricing

      Retail Single Tenant Space

      Retail space available for single tenant occupancy.
      520 Penn Ave, Pittsburgh, PA 15221
      View Details
    • Contact for pricing
      823 SF

      Prime Commercial Space in Pittsburgh

      800,000 sq ft of commercial space in Rockwell Park.
      201 N Braddock Ave, Pittsburgh, PA 15221
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2060 Ardmore Blvd
    Pittsburgh, PA 15221
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!