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    2950 S Water St Pittsburgh, PA 15203
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    Property profile & analytics

    2950 S Water St Pittsburgh, PA 15203


    • Hotels
    • 1.86 lot acres
    Retail Space with Outdoor Patio For Lease
    $11,515,000
    3,700 SF

    Retail Space with Outdoor Patio

    3,700 sq ft retail space with outdoor patio.

    2950 S Water St, Pittsburgh, PA 15203
    View Listing
    Property ID
    US73-1373108
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $11,515,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • SpringHill Suites Pittsburgh Southside Works / Hotel & Motel
    • The Phlebotomy Training Center / Vocational School / Training Center

    Property Details for 2950 S Water St

    Lot size
    1.86 lot acres
    Property type
    Hotels
    APN
    29-J-220
    APU
    29J220

    Description

    This exceptional 3,700 square foot restaurant space is available for lease in a prime South Side location. Situated at the base of the SpringHill Suites hotel, this property boasts an expansive outdoor patio, perfect for al fresco dining. Its corner location ensures high visibility, benefiting from its proximity to the entrance of both the Steelers/Pitt Football Practice facility and the UPMC Sports Medicine Facility. The property's strategic placement directly across from a SouthSide Works entrance guarantees significant foot traffic. The space also benefits from the considerable number of guests at the adjacent 115-room SpringHill Suites hotel. Further enhancing its appeal is its location next to the IBEW Circuit Center, a popular wedding and conference venue. The property's position along the Three Rivers Heritage Trail provides year-round access to a large base of runners, walkers, and cyclists. This unique combination of factors creates an unparalleled opportunity for a thriving restaurant business. The space is currently vacant and ready for immediate occupancy. The lease terms are negotiable and offer a chance to establish a successful enterprise in a vibrant and high-traffic area. This is a rare opportunity to secure a highly visible and well-located restaurant space in a rapidly developing area of Allegheny County.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $11,265,000
      ML approach
      $9,235,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9615
    Latitude
    40.4264
    CBSA code
    38300
    CBSA name
    PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $215,424
    $1,122,000
    $8,228,000
    $9,350,000
    -
    $1,122,000
    $8,228,000
    $9,350,000
    View Listing
    More about this property
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