514 Washington Rd, Pittsburgh, PA 15228-2826
- Retail space
- 0.20 lot acres
Current Use by Public Records
- The Eye Gallery / Ophthalmologist / (Bike/Boat/Book/etc) Store
- The Enlightened Esthi / (Bike/Boat/Book/etc) Store / Cosmetic Store
- The Medicine Shoppe / Pharmacy
- Nails Amour / Hair Salon / Nail Salon
- Circulation Central / Gym & Fitness Center / Alternative Medicine Practice
Property Details for 514 Washington Rd
- Lot size
- 0.20 lot acres
- Property type
- Retail space
- APN
- 141-B-65
- APU
- 141B65
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 1, 2021 | — | Michael J Hanley | — | Deed · related | $150k · S S B Bank |
| Jul 7, 2021 | — | Michael J Hanley | Michael J Hanley | Intrafamily Transfer · related | — |
| — | — | Michael J Hanley | — | Deed Of Trust · related | $250k · Iron & Glass Bank |
| — | — | Michael J Hanley | — | Deed Of Trust · related | $30k · National City Bank Pennsylvani |
Description
This exceptional Class A mixed-use property, located at 514 Washington Rd in Mt. Lebanon, Pennsylvania, presents a compelling investment opportunity. The 5,400 square foot building boasts a 100% occupancy rate across four tenants, generating a strong 7.50% cap rate at an asking price of $1,350,000 ($250/sq ft). The property is comprised of a blend of medical office, storefront, and traditional office spaces, catering to a diverse tenant base. Its stabilized investment profile, with a gross lease structure, ensures predictable cash flow. Situated in one of Pittsburgh's most desirable suburbs, this well-maintained building offers significant advantages, including valuable off-street parking – a highly sought-after amenity in this area. The property's prime location in Allegheny County, PA, 15228, ensures high visibility and accessibility. This is a rare opportunity to acquire a fully leased, high-performing asset in a thriving market. The five units are currently occupied under multi-tenant leases. This investment is ideal for those seeking a stable, high-return investment in a premier location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.044
- Latitude
- 40.3838
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
