Goodwill Storefront with Renovated
2866 Banksville Road, Pittsburgh, PA 15216
For Sale
Contact for pricing
The established occupant extended its NN+ lease in 2025, which includes one three-year renewal option.
Property Size9,000 SF
Lot Size0.55 Acres
Price / SF$292.89
Days on Market21
Property Features for 2866 Banksville Road
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Traffic Count
Additional Details
Tenant in Place
Building Details
Year Renovated
Buildings
Tenancy
Listing Agency:
CBRE - Philadelphia Suburban
Listed By:
Matthew Gorman · License PA RS287470
(215) 603-6914
Source:
Crexi
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 5:34PM
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 CBRE - Philadelphia Suburban
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Investment Insights
Based on property information with market context.
This 9,000-square-foot storefront occupies approximately 0.55 acres and is leased to Goodwill of Southwestern Pennsylvania, which has operated at the site since at least 2007. An interior renovation was completed in 2016. The NN+ lease provides for a 3.17% rent increase in 2027, followed by annual increases of at least 2% for the balance of the term, and includes one three-year renewal option. The landlord retains ownership of the roof and structure, with limited other responsibilities under the lease.
The property fronts Banksville Road (Route 19), which carries more than 26,000 vehicles per day. Downtown Pittsburgh is less than four miles away, and I-376, with 70,000 VPD, provides regional access and a route to Pittsburgh International Airport. The trade area includes more than 20,000 residents within 1 mile, 140,000 within 3 miles, and over 316,000 within 5 miles. Nearby retail activity includes a newly developed ALDI and a proposed Sheetz redevelopment at the former Rite Aid site.
The property fronts Banksville Road (Route 19), which carries more than 26,000 vehicles per day. Downtown Pittsburgh is less than four miles away, and I-376, with 70,000 VPD, provides regional access and a route to Pittsburgh International Airport. The trade area includes more than 20,000 residents within 1 mile, 140,000 within 3 miles, and over 316,000 within 5 miles. Nearby retail activity includes a newly developed ALDI and a proposed Sheetz redevelopment at the former Rite Aid site.
Key Highlights
- 9,000‑square‑foot storefront on approximately 0.55 acres
- Goodwill has occupied the property since at least 2007 and extended its lease in 2025
- NN+ lease includes a 3.17% increase in 2027, followed by annual increases of at least 2%, plus one 3‑year renewal option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,895
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,097,900
$2.1M
Cap Rate 7%
$1,498,500
$1.5M
Cap Rate 9%
$1,165,500
$1.2M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$162.0K $18.00/SF
− Vacancy
−$12.2K −$1.35/SF
EGI
$149.9K $16.65/SF
− OpEx
−$45.0K −$5.00/SF
NOI
$104.9K $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%
$2,097,900
Cap Rate 7%
$1,498,500
Cap Rate 9%
$1,165,500
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,895 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.87M
$2.51M – $3.34M
NOI $200,642 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
26,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 15216, PA
22,966
Population
11,194
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
6,755
Density / Sq Mi
$81,542
Median Household Income
$48,674
Median Earnings
$1,078
Median Rent
$193,700
Median Home Value
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Market
Properties on Market for Storefront properties in Pittsburgh
Vacancy Rate% for Retail in Pittsburgh, PA
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Frequently Asked Questions
What type of property is this?
Storefront property - The established occupant extended its NN+ lease in 2025, which includes one three-year renewal option.
Where is this storefront property located?
The property is located at 2866 Banksville Road Pittsburgh, PA.
What is the asking price?
The asking price for this property is $2,635,990.
What are key features of this property?
This property features: 9,000‑square‑foot storefront on approximately 0.55 acres; Goodwill has occupied the property since at least 2007 and extended its lease in 2025; NN+ lease includes a 3.17% increase in 2027, followed by annual increases of at least 2%, plus one 3‑year renewal option
