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    53 12Th St Pittsburgh, PA 15203

    Sponsored
    For Lease
    $264 SF/Yr

    Southside, 9,027 SF, Fully Renovated

    Lot size:
    9,027 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional restaurant and retail opportunity in Pittsburgh's vibrant Southside offers a fully renovated, 9,027 square foot space at 53 S 12th St, Allegheny County, PA 15203. The property comprises two buildings, each two stories high, totaling 9,027 square feet. The main level boasts 2,222 square feet of prime dining space, perfect for creating a memorable customer experience. A spacious 2,376 square foot basement provides ample room for additional restaurant functions, including bathrooms, coolers, and a prep kitchen. The building underwent a complete renovation in 2023, with architectural plans, MEPs, and permits already approved for the current design. This allows for immediate commencement of build-out construction. The lease includes a valuable liquor license. The space accommodates a total occupancy of 115 people (10 in the basement). Significant construction is already complete in both building sections, making this a turnkey opportunity for a quick launch. This single-tenant property presents a rare chance to establish a thriving business in a highly desirable location. The property is conveniently located and ready for immediate occupancy.

    Property Features for 53 12Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,027 SF
    Total Rate
    198594

    Building Details

    Year Renovated
    2023
    Buildings
    2
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    3,256 SF
    Rate per SF
    $264

    HighLights

    • 9,027 SF fully renovated restaurant/retail space at 53 S 12th St, Pittsburgh, PA.
    • 2,222 SF main dining area.
    • 2,376 SF basement with prep kitchen, coolers, and restrooms.
    • Approved architectural, MEP plans & permits; ready for immediate build‑out.
    • Includes liquor license.
    • 115‑person capacity (10 basement).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.986423118342
    Latitude
    40.429001868413

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    FAQs

    What type of property is this?
    Restaurant - Southside, 9,027 SF, Fully Renovated
    Where is this restaurant located?
    The property is located at 53 12Th St Pittsburgh, PA.
    What is the lease rate?
    The lease rate is $264 SF/Yr.
    What are key features of this property?
    This property features: 9,027 SF fully renovated restaurant/retail space at 53 S 12th St, Pittsburgh, PA.; 2,222 SF main dining area.; 2,376 SF basement with prep kitchen, coolers, and restrooms.
    Request Owner's contact information
    53 12Th St Pittsburgh, PA 15203
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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
    53 12Th St Pittsburgh, PA 15203
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