1500 Washington RdPittsburgh, PA 15228

Property Details for 1500 Washington Rd

Lot size

5.60 AC

Property type

Retail properties

Property subtype

Super regional malls

APN

252-S-300

APU

252S300

Description

This exceptional restaurant opportunity is located within the prestigious Galleria of Mt. Lebanon, a thriving upscale shopping center in the South Hills of Allegheny County. The space totals 6,285 square feet, featuring a unique and highly desirable 1,659 square foot rooftop deck, perfect for outdoor dining or events. This single-tenant space presents a rare chance to establish a prominent presence in a high-traffic area. The Galleria boasts a diverse mix of over 30 retailers, including well-known brands such as Talbot's, Orvis, Ann Taylor, William Sonoma, Houlihan's, Bravo, and Mitchell's Fish Market, ensuring a steady flow of potential customers. The center also includes a six-screen movie theater, further enhancing its appeal and drawing a large and diverse clientele. The property benefits from excellent visibility and signage opportunities, allowing for strong brand recognition. Its convenient location offers easy accessibility via Route 19 and Bowerhill Road, providing convenient access for both customers and employees. This is an unparalleled chance to secure a prime restaurant location in a highly sought-after area. The combination of upscale surroundings, ample space, a stunning rooftop deck, and excellent accessibility makes this an exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $68,207,144

  6.5%

  $62,960,440

  7%

  $58,463,264

• Comparable approach

  Method

  Valuation

  Relative Method

  $57,511,160

  Geo Method

  $57,511,160

• Alternative Use

  Use

  Valuation

  Residential

  $53,109,484

  Hospitality

  $48,648,004

  Educational

  $40,474,568

  Medical

  $41,866,552

  Retail

  $62,960,440

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.3565

Longitude

-80.0517

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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