The ground floor of the three-storey Victorian shop unit in Worcester Street is set to open as a Snappy Tomato Pizza outlet, creating three full-time and four part-time jobs.
Applicant Mr Baljit Singh Batiya has also been given permission to convert the floors above the former Silver Machine motorcycle clothing store into residential flats.
The council’s decision notice granting approval said: “The proposals would create investment, employment opportunities and new housing at this important location.”
Access to the flats will be via a new external staircase at the rear of the property, which falls within the Wolverhampton City Centre Conservation Area.
Proposed opening hours for the takeaway are 10am-12midnight Monday to Thursday, 10am to 1am Friday and Saturday and 10am to 12midnight Sunday.
Bin storage and security lighting is to be provided in the yard at the rear of the building, which is linked to Worcester Street by a shared pedestrian alleyway. There is no parking provision on site.
Snappy Tomato Pizza is a US chain that started in Fort Mitchell, Kentucky, in 1983. The hot food takeaway serves pizza, burgers, kebabs and chips.