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5770 Butler St 15,600 SF 100% Leased Retail Building Pittsburgh, PA 15201 $3,500,000 ($224.36/SF) 7.11% Cap Rate
Investment Highlights
- Tenants pay utilities
- Long term tenancy
- Attractive rental increases
- High-visibility location
Executive Summary
Colliers is pleased to present the opportunity to acquire 5770 Butler Street, a fully leased commercial property located in the heart of Upper Lawrenceville, one of Pittsburgh’s most vibrant and rapidly transforming neighborhoods. The property is currently occupied by a diverse mix of tenants including Arsenal Strength, Cry Baby Tattoo, Casper Ectoplasm, and Dirk’s Car Wash, offering multiple income streams, a weighted average lease term (WALT) of 7.53 years, and attractive annual rental increases across the tenant base. 5770 Butler Street offers prominent frontage along a high-traffic corridor and is situated just minutes from UPMC Children’s Hospital, the 62nd Street Bridge, and the amenity-rich core of Central Lawrenceville. Zoned Urban Industrial (UI), the site provides long-term flexibility for adaptive reuse or redevelopment in alignment with the neighborhood’s continued growth and demand. This offering presents investors with the opportunity to acquire a stabilized, income-producing asset in one of Pittsburgh’s most dynamic urban corridors, with long-term upside through organic rent growth and evolving land use potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,600 SF
Building Class
C
Year Built
1935
Price
$3,500,000
Price Per SF
$224.36
Cap Rate
7.11%
NOI
$249,006
Percent Leased
100%
Building Height
1 Story
Building FAR
0.30
Lot Size
1.18 AC
Zoning
Light Industrial
Frontage
554’ on BUTLER ST
Property Taxes
| Parcel Number | 0120-K-00180-0000-00 | Improvements Assessment | $281,600 |
| Land Assessment | $137,800 | Total Assessment | $419,400 |
Property Taxes
Parcel Number
0120-K-00180-0000-00
Land Assessment
$137,800
Improvements Assessment
$281,600
Total Assessment
$419,400
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5770 Butler St
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