Property profile

53 12Th St Pittsburgh, PA 15203

OFF-MARKET
Retail properties & Spaces
9,027 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 9,027 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

53 12Th St Pittsburgh, PA 15203
Pittsburgh metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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