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2544-2546 Library Rd 25,890 SF 63% Leased Retail Building Pittsburgh, PA 15234 $2,350,000 ($90.77/SF) 9.51% Cap Rate
Investment Highlights
- Recent capital improvements include new roof, siding, exterior paint, lighting, parking lot, HVAC, furnaces, plumbing, and mechanicals
- High-visibility location along Route 88 with strong daily traffic counts
- Value-add opportunity through lease-up of vacant spaces
- 46+ parking spaces (front, side, and rear)
- Established tenant mix providing in-place income
- Additional 5,000 SF available (garage space)
Executive Summary
NAI Burns Scalo is pleased to present for lease 2544 Library Rd. (Library Plaza), a well-positioned neighborhood retail center located along the heavily traveled Route 88 corridor in Pittsburgh’s South Hills. The property benefits from strong visibility, convenient access, and a steady flow of daily traffic, making it an ideal location for a variety of retail, service, and office users.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
25,890 SF
Building Class
C
Year Built/Renovated
1910/2004
Price
$2,350,000
Price Per SF
$90.77
Cap Rate
9.51%
NOI
$223,409
Percent Leased
63%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.91 AC
Zoning
HC Highway Commercial
Parking
30 Spaces (1.16 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Moderately drivable
70/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $376,800 | |
| Land Assessment | $184,400 | Total Assessment | $561,200 |
Property Taxes
Parcel Numbers
Land Assessment
$184,400
Improvements Assessment
$376,800
Total Assessment
$561,200
(412) 535-8062
x1006
Contacts
-
Andreas Kamouyerou -
Michael Kamouyerou -
SVN - Three Rivers Commercial Advisors
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