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1021 E Carson 1,500 SF 100% Leased Retail Building Pittsburgh, PA 15203 $600,000 ($400/SF) 8.56% Cap Rate
Investment Highlights
- Renovated in 2022, modern and attractive finishes
- Zoned C, suitable for various commercial uses
- 100% occupancy, immediate income generation
- Strong rental history, reliable income stream
- Prime Pittsburgh location for maximum visibility
- High foot traffic area, excellent for retail businesses
Executive Summary
Presenting a prime mixed-use property located at 1021 E Carson St in the vibrant
South Side Flats neighborhood of Pittsburgh. This fully leased building boasts a
recently updated interior, offering a modern and attractive investment
opportunity.
The property features a bustling ground-floor restaurant, complemented by two
spacious apartments above. Each apartment offers 4 bedrooms and 2
bathrooms, making them highly desirable for tenants. With a total of two
residential units and one commercial space, this property provides a steady
income stream.
Situated in a lively area known for its significant nightlife, 1021 E Carson St is
surrounded by popular bars and restaurants, ensuring consistent foot traffic and
visibility. The location is also conveniently close to major attractions such as
Station Square, Southside Works, Highmark Stadium, the Gateway Clipper, the
Incline, and Downtown Pittsburgh.
Easily accessible by public transportation and close to several major highways,
this property offers both convenience and connectivity. Don't miss out on this
exceptional investment opportunity in one of Pittsburgh's most dynamic
neighborhoods.
South Side Flats neighborhood of Pittsburgh. This fully leased building boasts a
recently updated interior, offering a modern and attractive investment
opportunity.
The property features a bustling ground-floor restaurant, complemented by two
spacious apartments above. Each apartment offers 4 bedrooms and 2
bathrooms, making them highly desirable for tenants. With a total of two
residential units and one commercial space, this property provides a steady
income stream.
Situated in a lively area known for its significant nightlife, 1021 E Carson St is
surrounded by popular bars and restaurants, ensuring consistent foot traffic and
visibility. The location is also conveniently close to major attractions such as
Station Square, Southside Works, Highmark Stadium, the Gateway Clipper, the
Incline, and Downtown Pittsburgh.
Easily accessible by public transportation and close to several major highways,
this property offers both convenience and connectivity. Don't miss out on this
exceptional investment opportunity in one of Pittsburgh's most dynamic
neighborhoods.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,500 SF
Building Class
C
Year Built/Renovated
1950/2016
Price
$600,000
Price Per SF
$400
Cap Rate
8.56%
NOI
$51,340
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.03 AC
Zoning
LNC - LOCAL NEIGHBORHOOD COMMERCIAL
Frontage
Amenities
- Bus Line
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0003-G-00134-0000-00 | Improvements Assessment | $238,400 |
| Land Assessment | $78,900 | Total Assessment | $317,300 |
Property Taxes
Parcel Number
0003-G-00134-0000-00
Land Assessment
$78,900
Improvements Assessment
$238,400
Total Assessment
$317,300
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1021 E Carson
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