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    429 Smithfield St Pittsburgh, PA 15222

    Sponsored
    For Lease
    Contact for pricing

    40,000 SF Office & Retail Space

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 429 Smithfield Street in Pittsburgh, Pennsylvania, offers a unique opportunity for investors and businesses alike. The 40,000 square foot building boasts a prime location in the revitalized Smithfield Street corridor, directly adjacent to the planned Smith and Fifth redevelopment project (a 220,000 square foot office, residential, and retail development). The building is configured to accommodate multiple tenants, with a flexible layout including approximately 8,026 square feet on the first floor, and two additional floors of approximately 11,000 square feet each, plus a lower level. The property's strategic location offers excellent visibility and accessibility, situated only 200 feet from Point Park University's Pittsburgh Playhouse and sharing an intersection with prominent retailers such as Five Below, Burlington, Target, and Even Hotel. The building presents an exceptional signage opportunity on both Smithfield and Forbes Streets, maximizing brand exposure. This versatile space is ideal for a variety of uses, making it an attractive investment for both sale and lease opportunities. The property is situated in Allegheny County, PA, zip code 15222. The building's size and location make it a highly desirable asset in a thriving downtown Pittsburgh market. This is a rare chance to acquire a significant commercial property in a rapidly developing area.

    Property Features for 429 Smithfield St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    8,026 SF
    Space
    Available Space 2 - 3
    Size
    22,000 SF
    Space
    Available Space 3
    Size
    10,000 SF

    HighLights

    • 40,000 square foot commercial building at 429 Smithfield Street, Pittsburgh, PA 15222.
    • Prime location in revitalized Smithfield Street corridor, adjacent to the Smith and Fifth redevelopment project.
    • Flexible layout with approximately 8,026 SF on the first floor and two 11,000 SF floors, plus lower level.
    • Excellent visibility and accessibility near Point Park University and major retailers.
    • Exceptional signage opportunities on Smithfield and Forbes Streets.
    • Suitable for various uses, ideal for sale or lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    CVS Photo Passport Photo Processor Huntington ATM Atm Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store Skin Care Clinic Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9994035
    Latitude
    40.4393633

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    FAQs

    What type of property is this?
    Individual retail property - 40,000 SF Office & Retail Space
    Where is this individual retail property located?
    The property is located at 429 Smithfield St Pittsburgh, PA.
    What are key features of this property?
    This property features: 40,000 square foot commercial building at 429 Smithfield Street, Pittsburgh, PA 15222.; Prime location in revitalized Smithfield Street corridor, adjacent to the Smith and Fifth redevelopment project.; Flexible layout with approximately 8,026 SF on the first floor and two 11,000 SF floors, plus lower level.
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    429 Smithfield St Pittsburgh, PA 15222
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    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
    429 Smithfield St Pittsburgh, PA 15222
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