Property profile

429 Smithfield St Pittsburgh, PA 15222

OFF-MARKET
Retail properties & Spaces
40,000 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 40,000 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Atm
  • Atm

Location

429 Smithfield St Pittsburgh, PA 15222
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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