Investment or Owner-Occupier Opportunity: 6,886 SF Building Renovated for Office/Retail

Investment Overview

6,886 SF Building Renovated for Office or Retail Use - Municipality: City of Pittsburgh, Allegheny County - Parcel Number: 0097-D-00061-0000-00 - Lot Size: 0.08 acres - Zoning: LNC - Year Built/Renovated: 1909/2019 - Building Layout: 3-story mixed-use: - 1st Floor: Retail - 4,126 SF - 2nd Floor: Office - 1,760 SF - Lower Level: Office/Storage - 1,126 SF - Access: Each floor has separate, direct street access - Power: 3-Phase, 600 amp electric - Parking & Transportation: Abundant street parking; public transport at the door - NOI: $55,336 - Asking Price: $600,000 - Cap Rate: 9.22% *This asset is currently operating at an 8.27% cap rate, with projected performance increasing to a 9.22% cap rate by November 2026, offering strong cash flow and near-term upside at a purchase price of approximately $600,000. Recent Renovations The current owners have completed extensive aesthetic and mechanical renovations since their purchase in mid-2018. All work was completed by December, 2020. - Street-level facade opened up, storefront added - Brick & cement exterior painted - Three HVAC RTUs (12.5 ton, 7.5 ton, 5.0 ton), each servicing a single floor, replaced - Rooftop HVAC ductwork insulation replaced - Partial roof replacement - New fire monitoring control system installed - Emergency back-up exit and stairwell lighting added - New flooring added to both the upper and street-level spaces - Upper-level and street-level interiors painted - Stairwell painted - Ceiling tiles in the upper-level were replaced as needed, and all of the ceiling tiles on the street level were replaced