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514 Washington Rd
Pittsburgh, PA 15228
Retail Property For Sale
Investment Highlights
- Visibility along Route 19 with traffic counts exceeding 30,000 vehicles per day.
- Prominent Washington Road frontage in the heart of Mt. Lebanon's business district.
- On-site front and rear parking provides convenient access for tenants and visitors.
- Multiple levels and integrated garage/warehouse area support a variety of occupancy strategies.
Executive Summary
An incredible opportunity for a commercial office building in the heart of Mt Lebanon's business district with excellent rental history from the 5 rental units fully occupied with future possibilities for owner occupants or investors alike. This well maintained and highly updated building has approximately 5616 interior square feet of finished space on 3 levels including 2191 walk in front street , 2142 on the mezzanine level and 1283 on the lower terrace level accessed from the rear of the building. There is an integral garage/warehouse space also at the terrace level adding over 1000 square feet of space to generate additional revenue. The front parking area has 12 spaces with an additional 10 parking spaces at the terrace level in the back of the building. Great visibility with over 30,000 vehicle traffic count. The property is zoned Commercial .
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,350 SF
Building Class
C
Year Built
1945
Price
$1,200,000
Price Per SF
$163.27
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.84
Lot Size
0.20 AC
Zoning
c-1 - Central Business District- Good Walking Score
Shared parking with 1 regular tenant and 1 seasonal tenant in front of building.
5 spots in rear.
Parking
22 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
102’ on Washington Rd
Amenities
- Pylon Sign
- Air Conditioning
Property Taxes
| Parcel Number | 0141-B-00065-0000-00 | Improvements Assessment | $228,200 |
| Land Assessment | $99,800 | Total Assessment | $328,000 |
Property Taxes
Parcel Number
0141-B-00065-0000-00
Land Assessment
$99,800
Improvements Assessment
$228,200
Total Assessment
$328,000
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