Oakland Redevelopment Opportunity 5 Properties Offered at $4,400,000 in Pittsburgh, PA
INVESTMENT HIGHLIGHTS
- Located in close proximity to the University of Pittsburgh.
- Corner lot location in high traffic zone.
- Zoned for general retail uses and/or student housing.
- Mixture of student house and retail buildings with loading dock.
EXECUTIVE SUMMARY
Approximately 1/2 acre corner block in South Oakland between Semple St and McKee Pl. Total square footage is 21,897 SF and is located within a five-minute walk to the University of Pittsburgh and one-minute drive to the Parkway East.
Currently the portfolio consists of a multi-unit apartment building, one duplex one single house all fully rented totaling 24 tenants, as well as two commercial units (warehouse with loading dock and 8-10 car parking lot). Currently a rental investment for multiple uses, all of which can be bought together or individually.
There is considerable value in redeveloping it due to the great location, which could be used for student housing, retail space, and/or restaurant.
Currently the portfolio consists of a multi-unit apartment building, one duplex one single house all fully rented totaling 24 tenants, as well as two commercial units (warehouse with loading dock and 8-10 car parking lot). Currently a rental investment for multiple uses, all of which can be bought together or individually.
There is considerable value in redeveloping it due to the great location, which could be used for student housing, retail space, and/or restaurant.
PROPERTY FACTS
| Price | $4,400,000 |
| Price / SF | $160.64 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 27,390 SF |
| Total Land Area | 1.07 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 373-375 Mckee Pl, Pittsburgh, PA 15213 | Multifamily | 6,318 SF | - | - |
| 3467-3495 Bates St, Pittsburgh, PA 15213 | Retail | 8,000 SF | 1970 | - |
|
Bates Court Office Company
377 Mckee Pl, Pittsburgh, PA 15213 |
Office | 9,600 SF | - | - |
| 370 Semple St, Pittsburgh, PA 15213 | Specialty | 900 SF | 1961 | - |
| 364 Semple St, Pittsburgh, PA 15213 | Multifamily | 2,572 SF | 1920 | - |
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CONTACT
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Terry Campasano - Simon Real Estate
