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Property profile

12245 Frankstown Rd Pittsburgh, PA 15235

OFF-MARKET
Specialty properties
40,000 SF 0.9 ac lot Built 1939
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Property summary

AI-generated overview

This exceptional 40,000 square foot multi-use property, located at 12245 Frankstown Road in Pittsburgh, Pennsylvania, presents a unique redevelopment opportunity. Built in 1939 and 1967, this two-story building sits on a 0.898-acre lot and boasts a prominent location on a high-traffic road, offering easy access to major roadways. The property includes a large, two-bay garage (51 ft x 30 ft) with two 10-foot garage doors, suitable for various uses such as auto detailing, a gym, or storage. A substantial assembly room (50 ft x 31 ft) provides ample space for a restaurant, theater, or other entertainment venues. The building also features a former shooting range and nine jail cells, offering creative possibilities for unique entertainment concepts like an escape room. Multiple office areas on several floors can be subdivided to accommodate various tenants. The property's permitted zoning is Commercial, and its ample parking caters to a diverse range of businesses. The building's solid brick construction and well-lit exterior enhance its curb appeal. Its proximity to multiple bus stops and easy access to the parkway and turnpike further enhance its desirability. This property is an excellent investment for a visionary developer seeking to capitalize on its versatile potential and prime location. The Allegheny County property includes APNs: 0449-D-00043-0000-00

Property profile

Verified
Property type Specialty properties
Year built 1939
Total area 40,000 SF
Lot 0.9 ac (39,117 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
  • City Government Office

Location

12245 Frankstown Rd Pittsburgh, PA 15235
Pittsburgh metro
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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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