4070 Beechwood BlvdPittsburgh, PA 15217

Property Details for 4070 Beechwood Blvd

Lot size

0.76 AC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

54-L-247

APU

54L247

Description

This exceptional 12,000-square-foot retail property, located at 4070 Beechwood Boulevard in Pittsburgh, Pennsylvania, presents a compelling investment opportunity. Built in 1970 and extensively renovated in 2020, this single-tenant building boasts high-quality medical finishes and is currently leased to a nationally recognized pediatric healthcare provider under a triple-net lease. The property sits on a 0.76-acre lot and offers ample parking with 50 spaces. Its strategic location in the desirable Squirrel Hill neighborhood, bordering Oakland and Greenfield, provides exceptional access to major roadways, including I-376 and the Greenfield Bridge, ensuring convenient access to Downtown Pittsburgh and Oakland. The property is zoned LNC (Local Neighborhood Commercial) and benefits from strong demographics, including high average household income and a significant population of graduate and postgraduate residents. The asking price is $4,250,000, translating to $354.17 per square foot. This investment offers a rare chance to acquire a well-maintained, high-performing asset in a thriving Pittsburgh submarket. The tenant's award-winning reputation and long-term lease further enhance the property's value and stability. This is a turnkey investment ready for immediate income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $11,651,539

  6.5%

  $10,755,267

  7%

  $9,987,034

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,779,172

  Geo Method

  $16,779,172

• Alternative Use

  Use

  Valuation

  Residential

  $9,072,470

  Hospitality

  $8,310,334

  Educational

  $6,914,100

  Medical

  $7,151,887

  Retail

  $10,755,267

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4274

Longitude

-79.938

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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