509 Rodi Rd Pittsburgh, PA 15235
For Sale
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This exceptional 45,000 square foot retail property located at 509 Rodi Rd, Pittsburgh, PA 15235, presents a unique redevelopment opportunity. Currently vacant, this single-story building sits on a prime location with M-Multiple use zoning, allowing for diverse development options. The asking price is $299,000, translating to a price per square foot of $6.64. The property's potential is further enhanced by its 8.00% projected cap rate. Previously used as a bank, convenience store, and QSR/fast food establishment, this versatile space offers significant flexibility for future tenants. The property's convenient location near I-376, one mile from the Penn Hills exit, ensures high visibility and accessibility. While the previous tenant's credit rating is unavailable, the property is currently vacant and ready for immediate redevelopment. The property's occupancy date was February 20, 2023. This is an ideal investment for developers seeking a high-return opportunity in a thriving Pittsburgh market. The property's size and zoning provide ample room for creativity and innovation, making it a truly exceptional investment prospect. The seller is offering the property "as is".
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.