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Property profile & analytics
OFF-MARKET
Hotels

831 North Ave Pittsburgh, PA 15233

32,000 SF Built 1850
Property ID
US73-1586509
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a 32,000 square foot, 40-key boutique hotel in Pittsburgh's vibrant North Side entertainment district. Located at 831 W North Ave, this historic 1850 warehouse boasts stunning exposed beams, brick walls, and a spacious open hall, perfect for events. The property's architectural drawings are approved for a boutique hotel conversion, including a first-floor restaurant. Its prime location offers walkability to stadiums and numerous cultural attractions, bars, and restaurants. An adjacent parking lot provides convenient guest parking. Priced at $1,900,000 ($59.38/sq ft), this is a unique chance to create a luxurious hotel experience in a historically significant building. The property is owned by Gramax LLC and offers significant potential for a high-return investment in a thriving urban setting. This is more than just a building

Property profile
Verified
Property type Hotels
Year built 1850
Total area 32,000 SF
UPID US73-1586509
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
  • Hip at the Flashlight Factory Hotel & Motel Resort
  • SMARTSolution Technologies | AV Integration Electronics & Wireless Store Big Box & Wholesale Store
  • Premier Security Systems Security Service
  • Brick and Mortar Tattoo Tattoo & Piercing Shop
  • Kelly Inground Swimming Pools Swimming Pool Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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