4730 Friendship Ave Pittsburgh, PA 15224
- Specialty properties
- 0.19 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 4730 Friendship Ave
- Lot size
- 0.19 lot acres
- Property type
- Specialty properties
- APN
- 50-N-158
- APU
- 50N158
Description
This exceptional 6,828 square foot, two-story commercial building presents a unique redevelopment opportunity in Pittsburgh's desirable Bloomfield neighborhood. Currently configured as retail space, the property offers significant potential for conversion to multifamily, hotel, or other uses. Situated on a 0.19-acre lot at 4730 Friendship Avenue, the building boasts excellent street-level visibility and accessibility. Its prime location offers unparalleled proximity to Lawrenceville and the Strip District, placing it within easy reach of a vibrant and growing urban core. Furthermore, its adjacency to UPMC Children's Hospital and West Penn Hospital ensures a strong potential customer base. The building's walkability and bikeability are exceptional, boasting Walk Score® of 96 (Walker's Paradise) and Bike Score® of 98 (Biker's Paradise), underscoring its convenient location within a highly sought-after area. This property represents a rare chance to capitalize on a thriving neighborhood and create a significant return on investment. The Class C building presents a blank canvas for creative redevelopment, offering a substantial footprint and the potential to cater to a wide range of uses. Don't miss this chance to acquire a property in a location that combines high visibility, accessibility, and proximity to major medical facilities and popular neighborhoods.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $275,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $330,000
- Retail
- $335,000
- Mixed-Use
- $260,000
- Hospitality
- $330,000
- Educational
- $250,000
- Residential Income
- $250,000
- Energy
- $325,000
- Income-Based Land
- $290,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.9484
- Latitude
- 40.4629
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
