32-40 Pius St, Pittsburgh, PA 15203

This 56,000 square foot, 1900-built apartment building in Pittsburgh's South Side Slopes offers a unique adaptive reuse opportunity. Currently vacant but well-maintained with all utilities operational and recent roof repairs, the property boasts 12-foot ceilings on each floor and approximately 13 on-site parking spaces. A separate parking lot is available for additional parking (not included in the sale). The building's current configuration is dormitory-style, featuring individual rooms with shared bathrooms, a large shared kitchen in the basement, and a chapel. Architectural, MEP, and structural drawings for apartment conversion are complete, making this a nearly "shovel-ready" project with potential for expansion to approximately 75,000 square feet. The superior location provides easy access to major interchanges (PA 51, I-376, and I-579), public transportation (less than a 5-minute walk to a bus stop and stairs), and is conveniently located near Duquesne University, Point Park University, UPMC Mercy, and popular South Side Flats neighborhoods. Enjoy amazing views of downtown Pittsburgh and the Mon Valley, as well as a serene rear landscape. This property presents a compelling investment opportunity for multifamily, senior, or affordable housing development. The building's history and location, combined with its potential for significant expansion and redevelopment, make it an exceptional investment prospect.