Downtown Retail Storefront with Living
109 Smithfield Street Pittsburgh, PA 15222
109 Smithfield Street, Pittsburgh, PA, 15222
$490,000
For Sale
$490,000
Two-story retail and office-ready layout includes an open main-floor retail plan plus living space upstairs.
Property Size1,600 SF
Price / SF$306.25
Days on Market478
Property Features for 109 Smithfield Street
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1933
Listing agency
RE/MAX SELECT REALTY
(724) 712-1550
Listed by
John Wills
(724) 712-1550
Source
Xome
Added: Mar 31, 2025 Updated: Jul 21 at 6:08AM Checked: Jul 21 at 6:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SELECT REALTY
Investment Insights
Based on property information with market context.
This downtown storefront property offers a main-floor retail open floor plan measuring 1,600 sq. ft. The second floor includes 1,600 sq. ft. of living space, and there is an additional 1,600 sq. ft. basement area. The premises are currently operating as a hair salon.
Located in central downtown Pittsburgh near the Smithfield St. Bridge, the property benefits from proximity to a major downtown crossing and surrounding street retail activity.
The configuration supports a street-facing retail use on the first floor with additional enclosed space upstairs and in the basement for flexible back-of-house or operational support, depending on an end user’s needs.
Located in central downtown Pittsburgh near the Smithfield St. Bridge, the property benefits from proximity to a major downtown crossing and surrounding street retail activity.
The configuration supports a street-facing retail use on the first floor with additional enclosed space upstairs and in the basement for flexible back-of-house or operational support, depending on an end user’s needs.
Key Highlights
- Two‑story retail and office‑ready layout with open main‑floor retail plan
- Main floor includes 1,600 sq. ft. retail open floor plan
- Second‑floor living/office area of 1,600 sq. ft.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.8k | $18.00 |
| − Vacancy | −$2.2k | −$1.35 |
| EGI | $26.6k | $16.65 |
| − OpEx | −$8.0k | −$5.00 |
| NOI | $18.6k | $11.66 |
1,600 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$266.4K
$233.1K – $310.8K
NOI $18,648 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.6K
$445.9K – $594.5K
NOI $35,670 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mirrors Hair Salon
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-story retail and office-ready layout includes an open main-floor retail plan plus living space upstairs.
Where is this retail space located?
The property is located at 109 Smithfield Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two‑story retail and office‑ready layout with open main‑floor retail plan; Main floor includes 1,600 sq. ft. retail open floor plan; Second‑floor living/office area of 1,600 sq. ft.
