Flex Property with Rear Garage
2417 E Carson St, Pittsburgh, PA 15203
For Sale
$1,200,000
Office and warehouse areas are paired with gated parking and two separate bathroom areas.
Property Size5,000 SF
Price / SF$240
Days on Market91
Property Features for 2417 E Carson St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Fenced Yard
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Listing Agency:
HOWARD HANNA REAL ESTATE SERVICES
Listed By:
Shannon Gallagher
(412) 561-7400
Source:
Indianlakerealty
Added: Aug 14
Changed: Nov 11
Last Checked: Nov 11 at 8:34PM
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 HOWARD HANNA REAL ESTATE SERVICES
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Pittsburgh flex property contains approximately 5000 sq ft of office and warehouse space. The layout includes two separate bathroom areas and a garage bay at the rear of the main floor. The roof and parking-lot gate are new, and the gated parking area provides secured vehicle storage.
Located at 2417 E Carson St on Pittsburgh’s Southside, the property is zoned LNC (local neighborhood commercial).
Located at 2417 E Carson St on Pittsburgh’s Southside, the property is zoned LNC (local neighborhood commercial).
Key Highlights
- Approximately 5000 sq ft of flex space
- Office and warehouse areas with two separate bathroom spaces
- Rear garage bay on the main floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,291
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,820
$685.8K
Cap Rate 7%
$489,871
$489.9K
Cap Rate 9%
$381,011
$381.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$42.6K $8.52/SF
− Vacancy
−$2.3K −$0.45/SF
EGI
$40.3K $8.07/SF
− OpEx
−$6.1K −$1.21/SF
NOI
$34.3K $6.86/SF
Area
Pittsburgh, PA
Vacancy
5.30%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,820
Cap Rate 7%
$489,871
Cap Rate 9%
$381,011
Alternative Uses
Best Use
Warehouse
$489.9K
$428.6K – $571.5K
NOI $34,291 @ 7.0% cap · market cap 2.86%
Second Best
Flex RnD
$419.0K
$366.6K – $488.8K
NOI $29,328 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,468 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15203, PA
10,720
Population
6,983
Households
1.5
Avg Household Size
30
Median Age
61%
College-Educated
95%
High-School Grad
1.5 sq mi
ZIP Area
7,147
Density / Sq Mi
$71,299
Median Household Income
$55,738
Median Earnings
$1,458
Median Rent
$251,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Pittsburgh
Vacancy Rate% for Industrial in Pittsburgh, PA
Similar Off Market Nearby
- Private Chef Frank — 419 Marlow St, Pittsburgh, PA 15220
- Da' Kitch'N LLC — 2963 Merwyn Ave, Pittsburgh, PA 15204
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are paired with gated parking and two separate bathroom areas.
Where is this flex space located?
The property is located at 2417 E Carson St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 5000 sq ft of flex space; Office and warehouse areas with two separate bathroom spaces; Rear garage bay on the main floor
