1330 Banksville RdPittsburgh, PA 15216

Property Details for 1330 Banksville Rd

Lot size

0.87 AC

Property type

Retail properties

Property subtype

Auto shops

APN

16-N-80

APU

16N80

Description

This exceptional investment opportunity presents a distressed sale of a Class A, 18,000 square foot gas station situated on a 1.5-acre lot at 1330 Banksville Rd, Pittsburgh, PA 15216. The property, currently operating under Golden Oil ownership, boasts a 2,000 square foot building constructed in 1980 and features a permitted C1 zoning. The site enjoys a highly visible location on a busy commercial street with 24/7 traffic, offering significant potential for redevelopment or continued operation. Currently generating $30,000 in yearly profit from the existing building, the property offers 18,000 square feet of usable space with an additional 18,000 square feet of air rights. The asking price is $945,000 ($425 per square foot). This is an absolute NNN lease opportunity with a credit-rated tenant, and the sale includes options for a building or ground lease. The property's strategic location makes it ideal for a variety of uses, including quick-service restaurants (QSRs), convenience stores, or a reinvented gas station. This distressed sale presents a unique chance to acquire a valuable asset in a prime Pittsburgh location. The property is zoned C1 and is located on the home side of a highly trafficked street. The current building is 2,000 square feet, but the total usable area is 18,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $10,638,391

  6.5%

  $9,820,053

  7%

  $9,118,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,970,119

  Geo Method

  $8,970,119

• Alternative Use

  Use

  Valuation

  Residential

  $8,283,582

  Hospitality

  $7,587,716

  Educational

  $6,312,891

  Medical

  $6,530,001

  Retail

  $9,820,053

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4154

Longitude

-80.0304

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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