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Browse More Listings in Retail For Sale, Pittsburgh, PA or Pennsylvania

Retail Property For Sale

National City Branch Office

4764 Baum Blvd, Pittsburgh, PA 15213

Price:
$2,000,000
Building Size:
1,347 SF
Price/SF:
$1,484.78
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with 10+ years left on lease
Commission Split:
1%
Cap Rate:
6%
Occupancy:
100%
Tenancy:
Single
Lot Size:
17,096 SF
Find Out More...

Last Verified 11/20/2009 Listing ID 15300059

Description

We are pleased to present for sale, an absolute net land lease on which National City Bank has built a drive-thru branch bank. The National City Bank is strategically situated on the signalized intersection of Baum Boulevard and South Millvale Avenue in the City of Pittsburgh, Pennsylvania, further known as the Baum-Centre Corridor'.

The Baum-Centre Corridor creates a unique urban district linking Pittsburgh' s East End with Oakland (Carnegie Mellon University and The University of Pittsburgh) and downtown Pittsburgh. Recent growth was fueled by the opening of the $104 million Hillman Cancer Center. Businesses within close proximity include, Whole Foods, Mercedes Benz Dealership, Home Depot, Panera Bread, Trader Joe' s, Starbucks, Pepboys, UPMC Shadyside Hospital, BMW, Saab, Giant Eagle, Courtyard Marriot, Boston Market, Wendy' s, KFC as well as the universities of CMU and Pitt. The newest development concept; Bakery Square a 404,000 square-foot Lifestyle Center and 120-room hotel is now underway.

Financial Summary

Actual
Net Operating Income
$110,040

Map of 4764 Baum Blvd, Pittsburgh, PA 15213 (Allegheny County)

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Created 8/21/2007

Additional Information for 4764 Baum Boulevard, Pittsburgh, PA 15213

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - National City Branch Office

4764 Baum Blvd, Pittsburgh, PA, 15213