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Property profile & analytics
OFF-MARKET
Day care centers

5618 Kentucky Ave Pittsburgh, PA 15232-2606

0.31 ac lot
Individually Owned 8-yr Hold Free & Clear
Property ID
US73-0894502
Property summary
AI-generated overview

This exceptional 14,500 square foot office building, located at 5618 Kentucky Avenue in Pittsburgh, Pennsylvania's desirable Shadyside neighborhood, presents a compelling investment opportunity. The property, a four-story building (plus a finished basement) constructed in 1969, is classified as a Class B building and is zoned for commercial use. Currently configured as a single-tenant space, it offers significant flexibility for various office configurations, having previously served as a daycare center. The layout includes a blend of existing classroom and work areas, allowing for customization to suit diverse business needs, from open workspaces to private offices. The building boasts 16 parking spaces, a significant advantage in this vibrant urban setting. Priced at $2,100,000 ($144.83 per square foot), this property represents a rare opportunity to acquire a well-maintained, structurally sound building in a highly sought-after location. Its versatile design, prime location within Allegheny County (zip code 15232), and ample parking make it an ideal owner-user investment or a strong candidate for redevelopment. The property's strategic position within the commercial landscape of Shadyside, known for its blend of residential charm and commercial vitality, ensures strong potential for lucrative returns. The Allegheny County Assessor's Parcel Number (APN) is 0085-E-00056-0000-00. The ownership is held by Red Rose Intercultural.

Property profile
Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Lot 0.31 ac (13,365 SF)
APN 85-E-56
UPID US73-0894502
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
  • Peace Islands Institute Pittsburgh Charitable Organization Social Service Agency
  • City of Bridges Foundation Charitable Organization Social Service Agency
  • Bright Light Academy,LLC Daycare Center Foster Care Service
  • Nova Educational Foundation Charitable Organization Social Service Agency
  • Nema Kimya Inc Community Center
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
Red Rose Intercultural & Educa · 8 yrs held
Red Rose Intercultural & Educa
since 2018
2 recorded transactions
2018
$1.1M
2009
$930,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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