You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Hotels

2950 S Water St Pittsburgh, PA 15203

1.86 ac lot
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US73-1373108
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Use group HOTEL
Lot 1.86 ac (80,921 SF)
APN 29-J-220
UPID US73-1373108
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
  • SpringHill Suites Pittsburgh Southside Works Hotel & Motel
  • The Phlebotomy Training Center Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.24M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.52M
Owner & transaction history
C H G S H S Southside Acquisitions · 3 yrs held
C H G S H S Southside Acquisitions
since 2022
Last sale
$11.6M
2 recorded transactions
2022
$11.6M
2007
$649,950
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message