5880 Ellsworth AvePittsburgh, PA 15232

Property Details for 5880 Ellsworth Ave

Lot size

0.13 AC

Property type

Investment properties

Property subtype

Live-work space

APN

84-K-7

APU

84K7

Description

This exceptional 8,000-square-foot retail property at 5880 Ellsworth Avenue in Pittsburgh, PA, 15232, presents a unique investment opportunity. Built in 1930 and extensively renovated in 2019, this two-story building offers flexible space options, ranging from a minimum of 2,409 square feet to a maximum contiguous space of 4,289 square feet. Currently, 6,698 square feet are vacant, providing significant potential for a variety of retail uses. The first floor is ideal for retail operations, while the second floor boasts 4,300 square feet of beautifully renovated office space, perfect for a small business seeking collaborative work areas. The property includes five parking spaces and is zoned LNC (Local Neighborhood Commercial). Its prime location in Pittsburgh's desirable Shadyside neighborhood offers unparalleled access to a thriving residential community, abundant shopping and dining options, and proximity to major universities (Pitt, CMU, Carlow), UPMC's main campus, and the dynamic East Liberty tech hub. This location ensures high visibility and foot traffic, making it an attractive proposition for businesses seeking a vibrant and accessible location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,370,463

  6.5%

  $1,265,043

  7%

  $1,174,683

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,151,254

  Geo Method

  $1,151,254

• Alternative Use

  Use

  Valuation

  Residential

  $1,568,653

  Hospitality

  $1,436,878

  Educational

  $1,195,465

  Medical

  $1,236,579

  Retail

  $1,859,613

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4576

Longitude

-79.9281

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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