1000 Church Hill Rd, Pittsburgh, PA 15205

Property Details for 1000 Church Hill Rd

Lot size

1.51 lot acres

Property type

Self storage facilities

Description

This exceptional mixed-use property in Pittsburgh, PA, offers 58,000 square feet of space, including 50,000 square feet of net rentable area, currently 90% occupied by two tenants. Located on a 1.51-acre lot in Allegheny County, zoned C3, this two-story, two-building complex boasts a prime location adjacent to Settlers Ridge, providing easy access to major highways (Parkway and I-79), Downtown Pittsburgh, and the Greater Pittsburgh International Airport. The property features ample parking and has undergone some recent updates to tenant spaces. The current Net Operating Income (NOI) is $12,500, with a pro-forma NOI projected at $55,000. The asking price is $1,499,000, representing a pro-forma cap rate of 3.67% and a price per square foot of $25.84. The lease type is Net, and the property is currently under multi-tenant occupancy, with a full occupancy date of December 31, 2024. This investment opportunity presents a blend of immediate income and significant long-term growth potential in a high-demand area. The property's versatile space is suitable for various business purposes, offering adaptability for future expansion or diversification. The established income stream, combined with the strategic location and potential for increased occupancy, makes this a compelling investment for owner-users or investors seeking a strong return.

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Longitude

-80.0870155

Latitude

40.4417703