4300 Murray Ave Pittsburgh, PA 15217-2906
This exceptional 1,734 square foot retail property, located at 4300 Murray Avenue in Pittsburgh, Pennsylvania's Greenfield neighborhood (15th ward), presents a unique investment opportunity. Formerly a bank branch, this vacant building boasts a desirable location directly across from a bustling Giant Eagle grocery store, ensuring high visibility and foot traffic. The property benefits from its proximity to thriving neighborhoods including Squirrel Hill, Shadyside, Oakland, the University of Pittsburgh, Carnegie Mellon University, and the Waterfront Shopping Center. Built in 1980, the brick and masonry structure sits on a 0.11-acre lot (5,000 square feet) and features a single drive-thru lane and an on-site ATM (potential for lease-back). The building includes a full lower level, partially finished with a bathroom, break area, storage, and utility rooms. Recent improvements include a new roof (Summer 2023) and a new HVAC compressor (Spring 2023). The property has a 200-amp electric service. The assessed value is $256,300, with approximate annual property taxes of $5,995. Zoned LNC (Local Neighborhood Commercial), this property offers significant potential for a variety of retail uses. Offers are due March 1, 2024. Detailed offer submission instructions are available online. Two parking spaces are available on-site.
-
First National Bank Bank Loan Service
-
First National Bank ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.