4730 Friendship AvePittsburgh, PA 15224

Property Details for 4730 Friendship Ave

Lot size

0.19 AC

Property type

Specialty properties

APN

50-N-158

APU

50N158

Description

This exceptional 6,828 square foot, two-story commercial building presents a unique redevelopment opportunity in Pittsburgh's desirable Bloomfield neighborhood. Currently configured as retail space, the property offers significant potential for conversion to multifamily, hotel, or other uses. Situated on a 0.19-acre lot at 4730 Friendship Avenue, the building boasts excellent street-level visibility and accessibility. Its prime location offers unparalleled proximity to Lawrenceville and the Strip District, placing it within easy reach of a vibrant and growing urban core. Furthermore, its adjacency to UPMC Children's Hospital and West Penn Hospital ensures a strong potential customer base. The building's walkability and bikeability are exceptional, boasting Walk Score® of 96 (Walker's Paradise) and Bike Score® of 98 (Biker's Paradise), underscoring its convenient location within a highly sought-after area. This property represents a rare chance to capitalize on a thriving neighborhood and create a significant return on investment. The Class C building presents a blank canvas for creative redevelopment, offering a substantial footprint and the potential to cater to a wide range of uses. Don't miss this chance to acquire a property in a location that combines high visibility, accessibility, and proximity to major medical facilities and popular neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $2,003,130

  6.5%

  $1,849,040

  7%

  $1,716,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,274,210

  Geo Method

  $1,274,210

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,658,610

  Retail / Commercial

  $1,872,540

  Mixed-Use / Specialty

  $1,863,040

  Hospitality / Lodging

  $1,363,190

  Office

  $1,849,040

  Institutional / Educational

  $1,935,810

  Residential Income

  $2,264,890

  Multifamily

  $2,732,020

  Automotive / Energy

  $1,659,260

  Parking / Income-Based Land

  $575,377

  Restaurant / Food Service

  $962,967

  Healthcare / Senior Housing

  $1,913,410

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4629

Longitude

-79.9484

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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