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Carmike Bldg 2934 Smallman St 22,000 SF 100% Leased Office Building Pittsburgh, PA 15201 $2,300,000 ($104.55/SF)
INVESTMENT HIGHLIGHTS
- Prime location in Pittsburgh's most sought after neighborhood: The Strip District
- 22,000 SF Industrial/office building | 8,640 SF Parking lot
- Zoned RIV-IMU: multi-unit residential, bank/financial institution, retail sales, etc.
- Opportunity for potential development when current tenant leases expire
- Easy access to public transit and major throughways
EXECUTIVE SUMMARY
Colliers is pleased to present the opportunity to acquire 2934 Smallman Street and the neighboring parcel located in Pittsburgh’s most sought-after neighborhood: The Strip District. The property is currently leased by Tri-State Reprographics, Inc. and Veteran’s Leadership Program of Western Pennsylvania. Tri-State Reprographics, Inc.'s lease runs through January 31st, 2026 and Veteran’s Leadership Program of Western Pennsylvania’s lease runs through July 31st 2026. 2934 Smallman Street is located less than a mile from the 160,000 SF retail epicenter 'The Terminal' and McCaffery's recently announced, 268-unit multifamily complex 'Brickworks', as well as many of Pittsburgh’s most luxurious multifamily developments. Zoned Riverfront Industrial Mixed-Use (RIV-IMU), 2934 Smallman presents an investor the chance to receive income from current tenants and the future opportunity of a potential development once those leases expire.
Parcel #: 25-G-33 (2934 Smallman Street, Building)
Parcel #: 25-G-29 (2934 Smallman Street, Adjacent Parking Lot)
1-Mile Radius Demographics:
- Population: 15,247
- Average HH Income: $103,367
- Total Surrounding Businesses: 980
- Total Area Employees: 18,729
Parcel #: 25-G-33 (2934 Smallman Street, Building)
Parcel #: 25-G-29 (2934 Smallman Street, Adjacent Parking Lot)
1-Mile Radius Demographics:
- Population: 15,247
- Average HH Income: $103,367
- Total Surrounding Businesses: 980
- Total Area Employees: 18,729
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
22,000 SF
Building Class
C
Year Built/Renovated
1920/2000
Price
$2,300,000
Price Per SF
$104.55
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
11,000 SF
Building FAR
1.94
Lot Size
0.26 AC
Zoning
RIV-IMU - Zoned Riverfront Industrial Mixed-Use.
Parking
28 Spaces (1.27 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
- Storage Space
1 1
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 0025-G-00033-0000-00 | Improvements Assessment | $744,800 |
| Land Assessment | $49,100 | Total Assessment | $793,900 |
PROPERTY TAXES
Parcel Number
0025-G-00033-0000-00
Land Assessment
$49,100
Improvements Assessment
$744,800
Total Assessment
$793,900
CONTACTS
-
Bryan McCann -
Willis Croker -
Ian Dupre -
Matt Reder -
Colliers International Pittsburgh
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Carmike Bldg | 2934 Smallman St
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