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Former Markantone Painting Office / Shop 1202 Electric Ave 7,695 SF 100% Leased Industrial Building Pittsburgh, PA 15112 $548,500 ($71.28/SF)

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INVESTMENT HIGHLIGHTS

  • Highly Visible Commercial Building with Investment Income
  • Very Well Maintained and Updated
  • Clean, Updated and Ready to Move Into

EXECUTIVE SUMMARY

HIGHLY VISIBLE MULTI USE COMMERCIAL BUILDING RETAIL, OFFICE, SHOP, APARTMENTS with EXCELLENT RENTAL HISTORY
AREA DESCRIPTION Electric Avenue is an offshoot of Ardmore Blvd. (Route 30) In The Forest Hills Area. The Building is exposed and visible to Ardmore Traffic, a High Shopping area Commuter Road with Shopping Centers, Office Buildings and Banks in the immediate vicinity. Population is Good, with a wide Range of Income Levels.
SITE SPECIFICATIONS 12,554 Square Foot Lot That Contains a 3 Story Brick Building With An Attached 2 Story Brick Commercial Garage
BUILDING SPECIFICATIONS A 3 Story Building With 4200 Sq. Ft. Total. Offices, Showroom, Bathroom and Small Kitchen boasts 1710 Sq. Ft. (newly remodeled), 2565 Sq. Ft. High Ceiling Garage is 57’ x 45’ and Separate Workroom with Shop Bathroom, tons of Storage Space. The 2nd & 3rd (1710 Sq. Ft. each) have 2 Apartments Each with Stable Tenants in (800 Sq. Ft.) Apartments provide stable monthly income. Building has been well maintained and updated; List of Improvements Include: New LED Shop Lights, Repainted Interior and Exterior, Brick Repointed, Shop Floor Blast Tracked installed Aliphatic Coating System, Glass Block Windows, Garage Door Opener, Hard Wired Security Camera & Emergency Lighting, Front Landscaping, Water Heaters & AC Unit, Architecturally Designed Office with New Electric Panel Box, Bamboo Flooring, Custom Accent Lighting and Sunshade Custom Blinds, Huebsch Coin Op Laundry Machines, New Water & Gas Service Lines, etc. Entire List of Updates will be provided upon request. Call Luke for property details and schedule a tour of this investment property 412-906-4949. Realtors Welcome. Open to offers.
TAXES $1680.60 Borough Tax (2025) $4124.84 Woodland Hills School (2025)

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $548,500
Price Per SF $71.28
Sale Type Investment
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Storefront Retail/Residential
Building Class C
Lot Size 0.29 AC
Rentable Building Area 7,695 SF
No. Stories 3
Year Built 1940
Clear Ceiling Height 14’
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes
Zoning Commercial

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0374-K-00078-0000-00
Land Assessment
$29,000 (2025)
Improvements Assessment
$126,900 (2025)
Total Assessment
$155,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 36824250

  • Date on Market: 7/19/2025

  • Last Updated:

  • Address: 1202 Electric Ave, Pittsburgh, PA 15112

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