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    501 Grant St Pittsburgh, PA 15219

    Sponsored
    For Lease
    Contact for pricing

    Prime Downtown Pittsburgh Restaurant Space

    Lot size:
    2,391 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,391 square foot restaurant space is available for lease within the prestigious Union Trust Building in Allegheny County. Situated at the base of this historic landmark, the space offers unparalleled visibility and accessibility, boasting entrances from both Grant Street and the building's main lobby. This second-generation restaurant space is move-in ready, providing a significant advantage for prospective tenants. The location benefits from high foot traffic and strong brand recognition, surrounded by a vibrant mix of established businesses. Neighboring tenants include well-known establishments such as Jimmy Johns, First Commonwealth Bank, Del Frisco's Double Eagle Steakhouse, Ritual House, The Speckled Egg, and Eddie V's Steak and Seafood, creating a synergistic and desirable environment. The property's urban retail setting within the Union Trust Building presents a unique opportunity to establish a thriving restaurant in a high-demand location. This space is ideal for a variety of culinary concepts seeking a prominent downtown Pittsburgh address. The combination of high visibility, convenient access, and established neighboring businesses makes this an exceptional opportunity for a discerning restaurant operator. The space is categorized as urban retail and is part of a multi-tenant building. This listing presents a turnkey solution for a restaurant seeking a prime location in a thriving commercial district.

    Property Features for 501 Grant St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,391 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,391 SF

    HighLights

    • 2,391 sq. ft. second‑generation restaurant space available for lease.
    • Located in the historic Union Trust Building with Grant Street and building lobby access.
    • Strong tenant mix including Jimmy Johns, First Commonwealth Bank, Del Frisco's, Ritual House, The Speckled Egg, and Eddie V's.
    • Excellent Grant Street visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pittsburgh Legal Diversity ... Legal Services Jimmy John's Sandwich Shop Troutman Pepper Law Firm Frost Brown Todd Attorney Honorable Donald J ... County Government Office

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -79.996771
    Latitude
    40.4398385

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Pittsburgh Restaurant Space
    Where is this restaurant located?
    The property is located at 501 Grant St Pittsburgh, PA.
    What are key features of this property?
    This property features: 2,391 sq. ft. second-generation restaurant space available for lease.; Located in the historic Union Trust Building with Grant Street and building lobby access.; Strong tenant mix including Jimmy Johns, First Commonwealth Bank, Del Frisco's, Ritual House, The Speckled Egg, and Eddie V's.
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    501 Grant St Pittsburgh, PA 15219
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    Pittsburgh, PA 15219
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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
    501 Grant St Pittsburgh, PA 15219
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