Mixed-Use Building in Prime
1703 E Carson St Pittsburgh, PA 15203
1703 E Carson St, Pittsburgh, PA, 15203
Contact for pricing
For Sale
Contact for pricing
Pending
Versatile mixed-use building with commercial and residential spaces.
Property Size6,000 SF
Days on Market1117
Property Features for 1703 E Carson St
General Information
- Standard status
- Pending
- Size
- 6,000 SF
- Property subtype
- Mixed Use, Multifamily
Listing Agency
RE/MAX Select Realty
(724) 933-6300
Listed by
Anthony Dasta · License #PA # rs327725
Source
Crexi
Added: Jun 28, 2023 Checked: Jul 17 at 5:36 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Select Realty
Investment Insights
Based on property information with market context.
This mixed-use building is located on a bustling street, offering high visibility and foot traffic. The property features a layout that combines commercial space on the ground floor with residential units above, allowing for multiple income streams. The property has an attractive exterior and well-maintained interiors, making it ready for immediate occupancy. The flexible floor plan allows for customization to suit specific business requirements or investment goals. Situated in the heart of Pittsburgh, the property benefits from a vibrant and diverse community, surrounded by a thriving retail and entertainment scene. It is also a hub for transportation access, ensuring connectivity for tenants and customers. The building has a total property size of 6,000 square feet.
Key Highlights
- Prime location on a bustling street with high visibility and foot traffic.
- Mixed‑use building with commercial space and residential units for multiple income streams.
- Strategic layout and flexible floor plan allows for customization.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.2k | $19.20 |
| − Vacancy | −$8.1k | −$1.34 |
| EGI | $107.1k | $17.86 |
| − OpEx | −$40.2k | −$6.70 |
| NOI | $67.0k | $11.16 |
6,000 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$956.6K
$837.0K – $1.12M
NOI $66,960 @ 7.0% cap · market cap 8.64%
Second Best
Apartment 5plus
$904.0K
$791.0K – $1.05M
NOI $63,281 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,761 @ 7.0% cap · market cap 17.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pittsburgh Poke
Restaurant
Street Noodle
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Versatile mixed-use building with commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 1703 E Carson St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Prime location on a bustling street with high visibility and foot traffic.; Mixed‑use building with commercial space and residential units for multiple income streams.; Strategic layout and flexible floor plan allows for customization.
