831 North Ave Pittsburgh, PA 15233
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
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.