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    23 Market Sq Pittsburgh, PA 15222

    For Lease
    Contact for pricing

    Downtown Pittsburgh Retail Opportunity

    Lot size:
    4,159 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2,200 square foot retail space is located on the second floor above Nicholas Coffee Co. in the heart of Pittsburgh's vibrant Market Square, between Fifth Avenue and PPG Place. The space boasts two points of entry and features two bathrooms, a washer and dryer, three private service rooms with sinks and cabinets, and a dedicated employee area with storage. Previously used as a salon and nail studio, this adaptable layout is ideal for a variety of retail uses. The property is part of a larger building totaling 4,159 square feet, built in 1905, and situated on a 0.11-acre lot. The building is classified as Class C and zoned GT-C Golden Triangle District in Allegheny County's Central Business District submarket. Market Square saw 3.2 million visits last year, with an average dwell time of 140 minutes, offering significant foot traffic and visibility. This prime location benefits from the area's bustling activity and diverse events throughout the year, from summer farmers markets to winter Christmas villages. The space is immediately available.

    Property Features for 23 Market Sq

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,159 SF
    Class
    C

    Building Details

    Year Built
    1905
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    2,200 SF

    HighLights

    • 2,200 SF of street‑level retail space available in a 4,159 SF, two‑story building.
    • Located above Nicholas Coffee Co. in Market Square, Downtown Pittsburgh, with dual points of entry.
    • Ideal for a salon or nail studio, featuring two bathrooms, washer/dryer, three private service rooms, and an employee area.
    • Situated in the heart of Market Square, between Fifth Avenue and PPG Place, offering high visibility and foot traffic.
    • Class C building, built in 1905, with a 0.11‑acre lot in the Golden Triangle District (GT‑C zoning), Allegheny County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nicholas Coffee & Tea ... Coffee Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.002718499577
    Latitude
    40.441188442222

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    FAQs

    What type of property is this?
    Retail property - Downtown Pittsburgh Retail Opportunity
    Where is this retail property located?
    The property is located at 23 Market Sq Pittsburgh, PA.
    What are key features of this property?
    This property features: 2,200 SF of street-level retail space available in a 4,159 SF, two-story building.; Located above Nicholas Coffee Co. in Market Square, Downtown Pittsburgh, with dual points of entry.; Ideal for a salon or nail studio, featuring two bathrooms, washer/dryer, three private service rooms, and an employee area.
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    23 Market Sq Pittsburgh, PA 15222
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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
    23 Market Sq Pittsburgh, PA 15222
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