615 Carson StPittsburgh, PA 15203

Property Details for 615 Carson St

Lot size

0.11 AC

Property type

Office properties

Property subtype

Office buildings

APN

3-F-42

APU

3F42

Description

This exceptional 13,100 square foot commercial property, situated on a 0.11-acre lot at 615 E Carson St in Pittsburgh, PA, presents a unique investment opportunity. Originally constructed as a church, the building has been thoughtfully converted into a versatile space suitable for a wide range of uses. Its prime location on a major transportation and commercial corridor ensures high visibility and accessibility. The three-level building boasts high ceilings, providing ample space and a sense of grandeur. The property includes three furnaces and six air handlers, previously utilized for temperature-controlled rooms, offering significant flexibility for various tenants or uses. The building's historic charm is complemented by its modern functionality, making it ideal for businesses seeking a distinctive space. The property is being sold with the adjacent lot, expanding development potential. Potential uses include apartments, condominiums, creative workspace, office space, or retail. This is a rare chance to acquire a piece of Pittsburgh history in a thriving commercial and residential area, offering strong prospects for future growth and return on investment. The asking price is $290,000.

• CAP approach

  CAP return

  Valuation

  6%

  $912,850

  6.5%

  $842,631

  7%

  $782,443

• Comparable approach

  Method

  Valuation

  Relative Method

  $448,992

  Geo Method

  $448,992

• Alternative Use

  Use

  Valuation

  Residential

  $1,044,862

  Hospitality

  $957,088

  Educational

  $796,286

  Medical

  $823,672

  Retail

  $1,238,668

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4288

Longitude

-79.993

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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