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    OFF-MARKET
    Land

    167-175 48Th St, Pittsburgh, PA 15201

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    Property summary
    AI-generated overview

    This exceptional 1.2 million dollar investment opportunity presents a unique chance to develop a city block in the thriving Lawrenceville neighborhood of Pittsburgh, Pennsylvania. The property, located at 167-175 48th Street and 4807 Blackberry Way, encompasses three parcels of land, totaling a significant area. Originally comprised of six houses, the property currently features three existing dwellings. This presents a flexible development scenario, allowing for either renovation and repurposing of the existing structures or complete redevelopment to suit a variety of uses, subject to the R zoning designation. The location is highly desirable, offering unparalleled walkability to Lawrenceville's vibrant restaurants, shops, and parks. Furthermore, its proximity to public transportation and downtown Pittsburgh enhances its appeal and accessibility. The sale includes the transfer of all three parcels, providing a substantial land holding in a rapidly appreciating area. This is a rare opportunity to acquire a large, contiguous land parcel in a prime location with significant development potential. The property's address is 167-175 48th Street and 4807 Blackberry Way, Pittsburgh, PA 15201.

    Property profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Permitted uses
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