1811 Carson StPittsburgh, PA 15203

Property Details for 1811 Carson St

Lot size

0.06 AC

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

12-E-326

APU

12E326

Description

This exceptional three-story commercial building, located at 1811 E Carson St in Pittsburgh, Pennsylvania's vibrant Southside, presents a unique investment opportunity. The property boasts 3,442 square feet, spread across three floors, and sits on a 0.06-acre lot. The first floor, encompassing 2,136 square feet, features a large bar, a fully equipped commercial kitchen, ample seating, and space for games. The second floor (1,300 square feet) offers an additional bar and seating area, ideal for private events. The third floor provides 660 square feet of storage. A basement offers additional storage space. An ADA-accessible bathroom is conveniently located on the first floor. The building benefits from over 30 feet of prime frontage on E Carson Street, ensuring high visibility. Currently operating as a successful bar and restaurant, the property is being sold as a turnkey operation, complete with all fixtures, furniture, and equipment. The building is zoned for commercial use and has a 100% occupancy rate. The asking price is $695,000, translating to $201.92 per square foot. This property represents a rare chance to acquire a thriving business in a highly desirable location. Key features include 28 beer taps, a walk-in beer cooler, a security camera system, and ample parking nearby. Don't miss this opportunity to own a piece of Pittsburgh's thriving restaurant scene.

• CAP approach

  CAP return

  Valuation

  6%

  $565,967

  6.5%

  $522,431

  7%

  $485,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $347,969

  Geo Method

  $347,969

• Alternative Use

  Use

  Valuation

  Residential

  $522,431

  Hospitality

  $478,544

  Educational

  $398,143

  Medical

  $411,836

  Retail

  $619,334

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.429

Longitude

-79.98

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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