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    509 Rodi Rd Pittsburgh, PA 15235

    Sponsored
    For Sale
    $299,000

    High-potential retail pad, 45,000 sq ft.

    Property size:
    45,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 45,000 square foot retail property located at 509 Rodi Rd, Pittsburgh, PA 15235, presents a unique redevelopment opportunity. Currently vacant, this single-story building sits on a prime location with M-Multiple use zoning, allowing for diverse development options. The asking price is $299,000, translating to a price per square foot of $6.64. The property's potential is further enhanced by its 8.00% projected cap rate. Previously used as a bank, convenience store, and QSR/fast food establishment, this versatile space offers significant flexibility for future tenants. The property's convenient location near I-376, one mile from the Penn Hills exit, ensures high visibility and accessibility. While the previous tenant's credit rating is unavailable, the property is currently vacant and ready for immediate redevelopment. The property's occupancy date was February 20, 2023. This is an ideal investment for developers seeking a high-return opportunity in a thriving Pittsburgh market. The property's size and zoning provide ample room for creativity and innovation, making it a truly exceptional investment prospect. The seller is offering the property "as is".

    Property Features for 509 Rodi Rd

    General Information

    Property type
    Restaurants
    Square Feet
    45,000 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Established 10‑bay self‑serve car wash with vacuum cleaners.
    • As‑is sale; never operated by current owner.
    • Convenient location: 1 mile from I‑376 Penn Hills exit (right‑hand side).
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.8246187
    Latitude
    40.4534366

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    FAQs

    What type of property is this?
    Restaurant - High-potential retail pad, 45,000 sq ft.
    Where is this restaurant located?
    The property is located at 509 Rodi Rd Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Established 10-bay self-serve car wash with vacuum cleaners.; As-is sale; never operated by current owner.; Convenient location: 1 mile from I-376 Penn Hills exit (right-hand side).
    Request Owner's contact information
    509 Rodi Rd Pittsburgh, PA 15235
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    Pittsburgh, PA 15235
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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
    509 Rodi Rd Pittsburgh, PA 15235
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