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Property profile & analytics
OFF-MARKET
Retail space

23 Market Sq Pittsburgh, PA 15222-1876

0.11 ac lot
Individually Owned 24-yr Hold Free & Clear
Property ID
US73-1776688
Property summary
AI-generated overview

This exceptional 2,200 square foot retail space is located on the second floor above Nicholas Coffee Co. in the heart of Pittsburgh's vibrant Market Square, between Fifth Avenue and PPG Place. The space boasts two points of entry and features two bathrooms, a washer and dryer, three private service rooms with sinks and cabinets, and a dedicated employee area with storage. Previously used as a salon and nail studio, this adaptable layout is ideal for a variety of retail uses. The property is part of a larger building totaling 4,159 square feet, built in 1905, and situated on a 0.11-acre lot. The building is classified as Class C and zoned GT-C Golden Triangle District in Allegheny County's Central Business District submarket. Market Square saw 3.2 million visits last year, with an average dwell time of 140 minutes, offering significant foot traffic and visibility. This prime location benefits from the area's bustling activity and diverse events throughout the year, from summer farmers markets to winter Christmas villages. The space is immediately available.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.11 ac (4,790 SF)
APN 1-D-127
UPID US73-1776688
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Nicholas Coffee & Tea Co. Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
NICHOLAS G NICHOLAS · 2 yrs held
NICHOLAS G NICHOLAS
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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