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2827 California Ave 2,500 SF 100% Leased Retail Building Pittsburgh, PA 15212 $265,000 ($106/SF) 13% Cap Rate
INVESTMENT HIGHLIGHTS
- Two spacious residential units with over a decade of exposure on Airbnb as well as private booking sites.
- Ample outdoor space for additional seating and events.
- Community staple Bocadillos Bar operating out of first floor space since 2021.
EXECUTIVE SUMMARY
Welcome To 2827 California Avenue! For A Very Fortunate Purchaser, This Property Offers Strong Cash Flow In The Form Of A Restaurant And Bar With An Immense Side Yard, Perfect For Additional Seating, Planning Outdoor Events And Creating Community Engagement As Well As Two Spacious Residential Units With Over A Decade Of Exposure On Airbnb As Well As Private Booking Available Via Stonefrontguesthouse.com. The Artistic And Eclectic Bocadillos Bar Has Been A Staple In The Community Since 2021 And The Space Has Been A Buzzing Hub Of Activity For Music Lovers, Foodies, And Creative Cocktail Connoisseurs! This Prime Property Offers Endless Possibilities For Entrepreneurs And Investors Alike! Off Street Parking Is Available In Front Of The Building As Well As An Abundance Of Off Street Parking Near The Building As Well.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,500 SF
Building Class
C
Year Built
1960
Price
$265,000
Price Per SF
$106
Cap Rate
13%
NOI
$34,450
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.44
Lot Size
0.04 AC
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $45,900 | |
| Land Assessment | $27,800 | Total Assessment | $73,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$27,800
Improvements Assessment
$45,900
Total Assessment
$73,700
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2827 California Ave
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