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2544-2546 Library Rd
Pittsburgh, PA 15234
Value-Add Mixed-Use in Major MSA · Retail Property For Sale
Investment Highlights
- Mixed-use office and value-add retail asset perfectly placed in walking distance to Overbrook Station, which sees over 9,000 riders daily.
- Excellent positioning near the crossroads of Library Road and Saw Mill Boulevard, which sees over 19,500 vehicles daily.
- There is a diverse tenant mix with an on-site salon, bike shop, home remodeling, and office space allowing for future tenant synergy.
- 74% occupied allowing new ownership to lease out remaining spaces at market rates while collecting incomes from existing leases.
- Recent property upgrades include renovated second-floor spaces, exterior painting and landscaping, and a resurfaced parking lot.
- Situated in an established community with majority of owner-occupied households and high spending in a five-mile radius exceeding $3.97 billion.
Property Facts
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
25,890 SF
Building Class
C
Year Built/Renovated
1910/2004
Percent Leased
74%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.91 AC
Parcel Numbers
Zoning
HC Highway Commercial
Parking
30 Spaces (1.16 Spaces per 1,000 SF Leased)
Frontage
1 of 1
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