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Property profile & analytics
OFF-MARKET
Retail space

514 Washington Rd Pittsburgh, PA 15228-2826

0.2 ac lot
Individually Owned 5-yr Hold Free & Clear
Property ID
US73-2782300
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.2 ac (8,619 SF)
APN 141-B-65
UPID US73-2782300
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Michael J Hanley · 5 yrs held
Michael J Hanley
since 2021
4 recorded transactions
2021
Price N/A
2021
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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