1154 Greenfield Ave Pittsburgh, PA 15217
- Office Properties & Spaces
- 4,422 SF
Current Use by Public Records
- Wrye Wellness / Alternative Medicine Practice
- Smooke Chiropractic Clinic / Alternative Medicine Practice
- Conquer Concussion / Alternative Medicine Practice
- Dr. Joel Smooke / Alternative Medicine Practice
Property Details for 1154 Greenfield Ave
- Property size
- 4,422 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a newly renovated, four-unit mixed-use building situated on the corner of Greenfield and Hazelwood Avenues in Pittsburgh's central Greenfield business district. The property boasts 4,422 square feet and is currently 100% occupied, generating a 7.00% cap rate at an asking price of $680,000 ($153.78/sq ft). The building features two recently renovated three-bedroom, one-bathroom apartments, each showcasing an open floor plan with updated kitchens, bathrooms, flooring, paint, and mechanical systems, including new plumbing, electrical, and HVAC. Two first-floor commercial spaces are leased to established local businesses under below-market-rate leases for the next three years, providing immediate and substantial rental income. This Class B property is offered as a 1031 exchange opportunity and operates under a gross lease structure. The multi-tenant occupancy ensures a diversified income stream and a stable investment. This is a rare chance to acquire a high-performing mixed-use asset in a thriving Pittsburgh neighborhood.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.9295
- Latitude
- 40.4199
