Bright Retail Building with
For Sale
Contact for pricing
209 S Craig St, Pittsburgh, PA 15213
Two-story retail building offers clean hardwood floors, open layout, and large windows with strong natural light.
Property Size2,592 SF
Price / SF$327.93
Days on Market116
Property Features for 209 S Craig St
General Information
Standard status
Active
Size
2,592 SF
Class
C
Property subtype
Retail, Office
Zoning
LNC - Local Neighborhood
Investment Type
Owner/User
Site & Location
Neighborhood
North Oakland
Building Details
Year Built
1900
Stories
3
Tenancy
Multi
Listing Agency:
KW Steel CIty
Listed By:
Jean Ou · License #rs334288
(814) 321-8396
Source:
Crexi
Added: Jul 2
Changed: Oct 13
Last Checked: Oct 24 at 4:15PM
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 KW Steel CIty
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Investment Insights
Based on property information with market context.
This two-story retail building is available for sale. The first and second floors were previously used as a hair salon and feature clean hardwood flooring, an open work area, and large windows designed to bring in natural light.
The property is located right on the campus of CMU, and it sits within a retail environment with major nearby stores.
The entire building is offered for sale, providing an owner the option to reconfigure the interior based on a buyer’s operating needs while retaining the building’s bright, windowed retail character.
The property is located right on the campus of CMU, and it sits within a retail environment with major nearby stores.
The entire building is offered for sale, providing an owner the option to reconfigure the interior based on a buyer’s operating needs while retaining the building’s bright, windowed retail character.
Key Highlights
- Two‑story retail building built in 1900 for sale
- First and second floors previously used as a hair salon
- Clean hardwood flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,210
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,200
$604.2K
Cap Rate 7%
$431,571
$431.6K
Cap Rate 9%
$335,667
$335.7K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$46.7K $18.00/SF
− Vacancy
−$3.5K −$1.35/SF
EGI
$43.2K $16.65/SF
− OpEx
−$12.9K −$5.00/SF
NOI
$30.2K $11.66/SF
Area
Pittsburgh, PA
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,200
Cap Rate 7%
$431,571
Cap Rate 9%
$335,667
Alternative Uses
Best Use
Retail
$431.6K
$377.6K – $503.5K
NOI $30,210 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$825.5K
$722.3K – $963.1K
NOI $57,785 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,254
Businesses Nearby
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Business Placement
Demographics for 15213, PA
31,075
Population
11,349
Households
2.7
Avg Household Size
25
Median Age
64%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
12,948
Density / Sq Mi
$31,330
Median Household Income
$6,795
Median Earnings
$1,243
Median Rent
$247,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Retail space - Two-story retail building offers clean hardwood floors, open layout, and large windows with strong natural light.
Where is this retail space located?
The property is located at 209 S Craig St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑story retail building built in 1900 for sale; First and second floors previously used as a hair salon; Clean hardwood flooring throughout
