Downtown Pittsburgh Restaurant/Bar Space
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For the first time in 40 years, this iconic restaurant and bar space at 505 Smithfield Street is available in the heart of Downtown Pittsburgh. Offering approximately 5,200 sq ft of versatile space, the property sits at the city’s busiest corner—directly across from Target and surrounded by major retailers, cultural attractions, and office towers. The 2nd Gen restaurant space is nearly a turnkey opportunity for restaurateurs or hospitality investors. With unmatched visibility, consistent foot traffic, and a rich legacy, this location is ideal for launching a new concept or expanding an established brand.
About the Property
- Type
- Building Status
- Established
- Facilities & Assets
- Bldg Owner will provide up to 14’ of Commercial hood refrigeration and freezer, along with a Fire suppression system, gas and electric utilities fully operational, a grease trap, and plumbing infrastructure suitable for full-service dining. Bldg Owner to frame out bar and supply same with cold lines and necessary drain. First time on the market in 40 years. Directly across from Target, major retailers, and attractions. Located at the busiest corner of Downtown Pittsburgh, ensuring consistent foot and vehicle traffic
- Location Description
- Situated at the busiest corner of Downtown Pittsburgh, 505 Smithfield Street offers unmatched visibility and accessibility in the heart of the city’s commercial and cultural district. Major retailers surround this iconic location, alongside thousands of apartments, hotels, Fortune 500 companies, and top attractions, making it a prime destination for both locals and visitors. Annual Average Daily Traffic Count (AADT) shows the volume of traffic. The counts are displayed here:
Traveling on Smithfield Street: 3,521 Per Day
Traveling Fifth Ave: 7,523 Per Day - Current & Prior Use
- Since the closure of McDonald’s, the former restaurant footprint has remained a significant retail opportunity within one of Pittsburgh’s most architecturally important buildings. As the Park Building continues to evolve—with renewed attention on its Beaux?Arts ornamentation and ongoing preservation efforts—the former McDonald’s space stands poised for its next chapter within a landmark that has anchored Fifth Avenue and Smithfield Street for over a century
About the Lease
- Rent
- $15,000.00 per month
- Lease Is NNN
- Yes
Listing Info
- ID
- 2230182
- Listing Views
- 1337
Business Location
Listing ID: 2230182 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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