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    2950 Water St Pittsburgh, PA 15203

    For Lease
    Contact for pricing

    Prime Location, 3700 sq ft, Outdoor Patio

    Lot size:
    3,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3,700 square foot restaurant space is available for lease in a prime South Side location. Situated at the base of the SpringHill Suites hotel, this property boasts an expansive outdoor patio, perfect for al fresco dining. Its corner location ensures high visibility, benefiting from its proximity to the entrance of both the Steelers/Pitt Football Practice facility and the UPMC Sports Medicine Facility. The property's strategic placement directly across from a SouthSide Works entrance guarantees significant foot traffic. The space also benefits from the considerable number of guests at the adjacent 115-room SpringHill Suites hotel. Further enhancing its appeal is its location next to the IBEW Circuit Center, a popular wedding and conference venue. The property's position along the Three Rivers Heritage Trail provides year-round access to a large base of runners, walkers, and cyclists. This unique combination of factors creates an unparalleled opportunity for a thriving restaurant business. The space is currently vacant and ready for immediate occupancy. The lease terms are negotiable and offer a chance to establish a successful enterprise in a vibrant and high-traffic area. This is a rare opportunity to secure a highly visible and well-located restaurant space in a rapidly developing area of Allegheny County.

    Property Features for 2950 Water St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,700 SF

    Unit(s) available at that property

    Space
    Size
    3,700 SF

    HighLights

    • 3,700 SF restaurant space available for lease.
    • Features an expansive outdoor patio.
    • High‑visibility corner location at the entrance to Steelers/Pitt practice facility and UPMC Sports Medicine Facility.
    • Across the street from SouthSide Works entrance.
    • Caters to the 115‑room SpringHill Suites hotel.
    • Adjacent to the IBEW Circuit Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SpringHill Suites Pittsburgh ... Hotel The Phlebotomy Training Center Vocational School

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9619238
    Latitude
    40.4266903

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    FAQs

    What type of property is this?
    Restaurant - Prime Location, 3700 sq ft, Outdoor Patio
    Where is this restaurant located?
    The property is located at 2950 Water St Pittsburgh, PA.
    What are key features of this property?
    This property features: 3,700 SF restaurant space available for lease.; Features an expansive outdoor patio.; High-visibility corner location at the entrance to Steelers/Pitt practice facility and UPMC Sports Medicine Facility.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2950 Water St Pittsburgh, PA 15203
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