Multi-Tenant Retail Strip
5770 Butler Street Pittsburgh, PA 15201
5770 Butler Street, Pittsburgh, PA, 15201
Contact for pricing
For Sale
Contact for pricing
Retail strip center with three leased tenants and two rear garage bays.
Property Size15,600 SF
Price / SF$192.31
Days on Market98
Property Features for 5770 Butler Street
General Information
- Standard status
- Active
- Size
- 15,600 SF
- Property subtype
- Retail
Listing agency
SVN | Three Rivers Commercial Advisors
(412) 535-5756
Listed by
Jason Campagna · License #PA RM424399
Source
Crexi
Added: Apr 15 Updated: Jul 21 at 3:09AM Checked: Jul 21 at 3:09AM
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.
Located at 5770 Butler Street, this 15,600 SF retail strip center is offered as an investment opportunity. The property includes three commercial tenants and features two garage bays at the rear.
The center is positioned along the Butler Street corridor, which is described as highly trafficked and offers strong visibility. The immediate area includes a mix of retail, dining, and residential development, with Downtown Pittsburgh located just minutes away.
The property is currently reported as 100% leased.
The center is positioned along the Butler Street corridor, which is described as highly trafficked and offers strong visibility. The immediate area includes a mix of retail, dining, and residential development, with Downtown Pittsburgh located just minutes away.
The property is currently reported as 100% leased.
Key Highlights
- 15,600 SF retail investment property at 5770 Butler Street in Lawrenceville, Pittsburgh.
- Three commercial tenants; property is currently 100% leased.
- Includes two rear garage bays in addition to the retail space.
Local Financial Insights For Retail
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 | $280.8k | $18.00 |
| − Vacancy | −$21.1k | −$1.35 |
| EGI | $259.7k | $16.65 |
| − OpEx | −$77.9k | −$5.00 |
| NOI | $181.8k | $11.66 |
15,600 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.60M
$2.27M – $3.03M
NOI $181,818 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $347,779 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dirks Car Wash ...
Car Wash
BIG Chiropractic
Alternative Medicine Practice
Grant Hrabovsky
Alternative Medicine Practice
Grant Elmer Hrabovsky
Alternative Medicine Practice
Arsenal Strength
Gym & Fitness Center
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FAQs
What type of property is this?
Strip mall - Retail strip center with three leased tenants and two rear garage bays.
Where is this strip mall located?
The property is located at 5770 Butler Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 15,600 SF retail investment property at 5770 Butler Street in Lawrenceville, Pittsburgh.; Three commercial tenants; property is currently 100% leased.; Includes two rear garage bays in addition to the retail space.
