520 Ohio StPittsburgh, PA 15212

Property Details for 520 Ohio St

Lot size

0.08 AC

Property type

Retail properties

Property subtype

Bars

APN

23-S-159

APU

23S159

Description

This exceptional 5,284 square foot commercial property in Pittsburgh, Pennsylvania, presents a unique investment opportunity. Located at 520 E Ohio St, 15212, and zoned LNC Local Neighborhood Commercial, this building offers a first-floor restaurant with a fully equipped, open-front kitchen and a bar area featuring a 240-foot custom bar top tap system. The second floor provides ample space suitable for offices or apartments, complete with shower and locker rooms. A highlight is the vibrant event venue, boasting a 24-foot bar top and a custom-built stage. Adding to the appeal is a renovated 900 square foot outdoor patio. The property also includes a large parking lot with capacity for up to 100 vehicles. A third-floor space of approximately 1,500 square feet offers additional potential for development as an apartment or office space. The sale includes comprehensive fixtures, furniture, and equipment (FF&E), including a chef-ready hood system, grill, and stovetop. An Allegheny County "R" liquor license is also included in the sale. The lot size is 3,309 square feet. This property is priced at $1,150,000, with a price per square foot of $217.64. This multifaceted property offers significant potential for a variety of uses and is ideally situated for success.

• CAP approach

  CAP return

  Valuation

  6%

  $925,065

  6.5%

  $853,906

  7%

  $792,913

• Comparable approach

  Method

  Valuation

  Relative Method

  $780,000

  Geo Method

  $780,000

• Alternative Use

  Use

  Valuation

  Residential

  $720,302

  Hospitality

  $659,793

  Educational

  $548,940

  Medical

  $567,819

  Retail

  $853,906

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4538

Longitude

-80

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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