Versatile Mixed-Use Property in
3621 Mexico St Pittsburgh, PA 15212
3621 Mexico St, Pittsburgh, PA, 15212
Contact for pricing
For Sale
Contact for pricing
Adaptable 4,500 SF property near California Ave, Pittsburgh.
Property Size4,500 SF
Lot Size0.21 Acres
Price / SF$72.22
Days on Market788
Property Features for 3621 Mexico St
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.21 Acres
- Property subtype
- Industrial, Mixed Use, Self Storage, Special Purpose
Listing Agency
Guardian Realty Solutions, Llc
(412) 829-0900
Listed by
Christina Bucciero · License #PA RM423313
Source
Crexi
Added: May 22, 2024 Checked: Jul 17 at 5:27 am
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 Guardian Realty Solutions, Llc
Investment Insights
Based on property information with market context.
This mixed-use property, offering approximately 4,500 square feet of space, is situated on a 0.207-acre parcel located just one block from California Avenue. The property is in shell condition with all utilities available on site, presenting an opportunity for transformation. The building features a two-story front section and a one-story rear section. It is well-positioned to benefit from the growth of the Brighton Heights area, located on the fringe of the City of Pittsburgh. This property is suitable for live/work arrangements, artists, workshops, or storage, offering many options for potential use.
Key Highlights
- Approx. 4,500 SF of space provides ample room for various uses.
- Located one block off California Ave, offering convenient access.
- Suitable for live/work, artist studio, workshop, or storage, providing flexibility.
Local Financial Insights For Industrial
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 | $38.3k | $8.52 |
| − Vacancy | −$2.0k | −$0.45 |
| EGI | $36.3k | $8.07 |
| − OpEx | −$10.9k | −$2.42 |
| NOI | $25.4k | $5.65 |
4,500 SF · lease $8.52/SF/yr · vacancy 5.30% · expense 30.00%
Alternative Uses
Best Use
Office B
$821.2K
$718.6K – $958.1K
NOI $57,486 @ 7.0% cap · market cap 17.69%
Second Best
Mixed Use
$717.4K
$627.8K – $837.0K
NOI $50,220 @ 7.0% cap · market cap 15.45%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,321 @ 7.0% cap · market cap 30.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Adaptable 4,500 SF property near California Ave, Pittsburgh.
Where is this mixed-use property located?
The property is located at 3621 Mexico St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Approx. 4,500 SF of space provides ample room for various uses.; Located one block off California Ave, offering convenient access.; Suitable for live/work, artist studio, workshop, or storage, providing flexibility.
