929 Wood StPittsburgh, PA 15221

Property Details for 929 Wood St

Lot size

0.03 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

175-S-135

APU

175S135

Description

This exceptional freestanding retail property, located at 929 Wood Street in Wilkinsburg, Pennsylvania, offers 9,034 square feet of versatile commercial space. The first floor boasts attractive exposed ceilings and includes a loft office area, ideal for a variety of retail businesses. A full lower level provides ample space for office, storage, or additional retail uses. This lower level also features a restroom and a separate entrance, presenting the potential for subdivision into independent units. Seven convenient off-street parking spaces are located in the rear of the building, a significant advantage in this high-traffic area. The building's prime location sits at the signalized intersection of Penn and Wood Streets, ensuring high visibility and accessibility for customers. This single-tenant property presents a unique opportunity for businesses seeking a well-maintained, spacious, and conveniently located retail space in a thriving Wilkinsburg neighborhood. The combination of first-floor retail space, substantial lower-level storage/office area, and ample parking makes this an attractive investment opportunity. The building's design and location offer excellent potential for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $529,011

  6.5%

  $488,318

  7%

  $453,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $761,819

  Geo Method

  $761,819

• Alternative Use

  Use

  Valuation

  Residential

  $411,914

  Hospitality

  $377,311

  Educational

  $313,919

  Medical

  $324,715

  Retail

  $488,318

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4434

Longitude

-79.8851

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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