Two-Story Commercial Building in
For Sale
Contact for pricing
507-509 Tripoli Street, Pittsburgh, PA 15212
6,400 SF commercial building suitable for owner-user or adaptive reuse.
Property Size6,400 SF
Price / SF$78.13
Days on Market150
Property Features for 507-509 Tripoli Street
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Retail, Industrial
Listing Agency:
SVN | Three Rivers Commercial Advisors
(412) 352-8754
Listed By:
Nathan Pazsint · License #PA RS339099
Source:
Crexi
Added: Mar 5
Changed: Jul 10
Last Checked: Aug 1 at 8:34AM
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 SVN | Three Rivers Commercial Advisors
Investment Insights
Based on property information with market context.
The property at 507-509 Tripoli Street is a two-story commercial building with approximately 6,400 square feet, located in Pittsburgh’s East Deutschtown neighborhood. Each floor offers approximately 3,200 square feet. The ground level is currently configured as a working sign shop, featuring an open shop space and dual drive-in garage access at both the front and rear, making it suitable for fabrication, contractor services, or light industrial applications. The second floor includes multiple private offices, a large front open or event area, and a commercial kitchen equipped with a hood and ANSEL fire suppression system. Zoned R1A-VH (Single-Unit Attached Residential – Very High Density), the property has a history of commercial use. The upper level has previously operated as a commissary kitchen and private social club with a 49-person City of Pittsburgh occupancy permit. The property offers convenient access to major interchanges, the North Hills, and downtown Pittsburgh. Delivered vacant at closing, the property presents a strong opportunity for an owner-user or adaptive reuse investor. Buyer is responsible for verifying zoning compatibility with intended use.
Key Highlights
- Dual drive‑in garage access and open shop space, ideal for various uses.
- Second floor features multiple private offices, a large open area, and a commercial kitchen.
- ±6,400 SF two‑story commercial building.
Financial Insights For Flex RnD
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 | $61.4k | $9.60 |
| − Vacancy | −$3.7k | −$0.58 |
| EGI | $57.8k | $9.02 |
| − OpEx | −$20.2k | −$3.16 |
| NOI | $37.5k | $5.87 |
6,400 SF · lease $9.60/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$1.07M
$932.4K – $1.24M
NOI $74,592 @ 7.0% cap · market cap 14.92%
Second Best
Mixed Use
$1.02M
$892.8K – $1.19M
NOI $71,424 @ 7.0% cap · market cap 14.28%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,678 @ 7.0% cap · market cap 28.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 15212, PA
27,016
Population
15,937
Households
1.7
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
5.8 sq mi
ZIP Area
4,658
Density / Sq Mi
$61,712
Median Household Income
$45,325
Median Earnings
$1,114
Median Rent
$167,200
Median Home Value
Market
Properties on Market for Mixed-use properties in Pittsburgh
Vacancy Rate% for Industrial in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 6,400 SF commercial building suitable for owner-user or adaptive reuse.
Where is this mixed-use property located?
The property is located at 507-509 Tripoli Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Dual drive‑in garage access and open shop space, ideal for various uses.; Second floor features multiple private offices, a large open area, and a commercial kitchen.; ±6,400 SF two‑story commercial building.
