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Property profile & analytics
FOR SALE
Manufacturing properties

233 Auburn St Pittsburgh, PA 15206

0.48 ac lot
Individually Owned 25-yr Hold ~ Est. High Equity
Property ID
US73-1219832
Property summary
AI-generated overview

This exceptional redevelopment opportunity encompasses a 1.32-acre site in Pittsburgh's Larimar neighborhood, conveniently located near Bakery Square. The property includes a 37,585 square foot former commercial bakery building, featuring a mezzanine and basement, which operated for over 60 years. An additional 8,720 square foot parcel contains a 2,745 square foot building previously used as a vehicle repair shop. The majority of the land is zoned UI, offering significant potential for various industrial uses. This prime location presents a unique chance to acquire a substantial property in a thriving urban area, combining vacant land with existing structures for a versatile redevelopment project. The main building offers significant square footage, while the smaller building provides additional space or potential for demolition and expansion. The property's proximity to Bakery Square adds to its appeal, offering easy access to amenities and a vibrant community. This is an ideal opportunity for developers seeking a large-scale project in a desirable Pittsburgh location.

Property profile
Verified
Property type Manufacturing properties
Use group FOOD PROCESSING
Lot 0.48 ac (21,075 SF)
APN 125-A-229
UPID US73-1219832
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
  • Stagno's Bakery Bakery Specialty Food Shop
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
Pittsburgh Economic & Industri · 25 yrs held
Pittsburgh Economic & Industri
since 2000
2 recorded transactions
2000
Price N/A
1998
$175,015
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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