Versatile Mixed-Use Property in
For Sale
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3621 Mexico St, Pittsburgh, PA 15212
Adaptable 4,500 SF property near California Ave, Pittsburgh.
Property Size4,500 SF
Lot Size0.21 Acres
Price / SF$72.22
Days on Market878
Property Features for 3621 Mexico St
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.21 Acres
Property subtype
Industrial, Mixed Use, Self Storage, Special Purpose
Zoning
LNC
Investment Type
Owner/User
Building Details
Stories
2
Listing Agency:
Guardian Realty Solutions, Llc
Listed By:
Christina Bucciero · License #PA RM423313
(412) 829-0900
Source:
Crexi
Added: May 22, 2024
Changed: Oct 15
Last Checked: Oct 16 at 7:23AM
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 Guardian Realty Solutions, Llc
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Investment Insights
Based on property information with market context.
This mixed-use property, offering approximately 4,500 square feet of space, is situated on a 0.207-acre parcel located just one block from California Avenue. The property is in shell condition with all utilities available on site, presenting an opportunity for transformation. The building features a two-story front section and a one-story rear section. It is well-positioned to benefit from the growth of the Brighton Heights area, located on the fringe of the City of Pittsburgh. This property is suitable for live/work arrangements, artists, workshops, or storage, offering many options for potential use.
Key Highlights
- Approx. 4,500 SF of space provides ample room for various uses.
- Located one block off California Ave, offering convenient access.
- Suitable for live/work, artist studio, workshop, or storage, providing flexibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,416
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,320
$508.3K
Cap Rate 7%
$363,086
$363.1K
Cap Rate 9%
$282,400
$282.4K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$38.3K $8.52/SF
− Vacancy
−$2.0K −$0.45/SF
EGI
$36.3K $8.07/SF
− OpEx
−$10.9K −$2.42/SF
NOI
$25.4K $5.65/SF
Area
Pittsburgh, PA
Vacancy
5.30%
Lease Rate
$8.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,320
Cap Rate 7%
$363,086
Cap Rate 9%
$282,400
Alternative Uses
Best Use
Office B
$821.2K
$718.6K – $958.1K
NOI $57,486 @ 7.0% cap · market cap 17.69%
Second Best
Mixed Use
$717.4K
$627.8K – $837.0K
NOI $50,220 @ 7.0% cap · market cap 15.45%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,321 @ 7.0% cap · market cap 30.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 15212, PA
27,016
Population
15,937
Households
1.7
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
5.8 sq mi
ZIP Area
4,658
Density / Sq Mi
$61,712
Median Household Income
$45,325
Median Earnings
$1,114
Median Rent
$167,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable 4,500 SF property near California Ave, Pittsburgh.
Where is this mixed-use property located?
The property is located at 3621 Mexico St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Approx. 4,500 SF of space provides ample room for various uses.; Located one block off California Ave, offering convenient access.; Suitable for live/work, artist studio, workshop, or storage, providing flexibility.
