1016 Fifth Ave 1016 Fifth Ave 8,400 SF 25% Leased Retail Building Pittsburgh, PA 15219 $2,200,000 ($261.90/SF)

amazing opportunity to purchase a turnkey mixed use property in on of Pittsburghs rapidly developing downtown neighborhoods. the location already benefits from its location accross the street from the PPG arena, one block from Duquene university and on the same block as a newly constructed 500 bed on campus student housing development. other work in the area is a huge and long touted pittsburgh BRT line connecting Oakland to downtown with a brand new bus stop directly in front of the property, as well as dedicated bike lanes. Uptown as the neighborhood is affectionately known has had an enormous amount of recent development including a new mercy hospital extension, Duquene university expansion, a new music venue for pittsburgh live as well as the 1million square foot FNB tower all within 3 blocks of the property. the property was completely gut renovated in 2022 and currently is positioned with 3 full floor residential lofts over a ground floor commercial space. The ground floor was just recently approved for a variance that allows for an 80 seat bar/restaurant. finally the property sits inside the qualified opportunity zone and qualifies for all the tax benefits associated with the inclusion of that status.