7500 Grand AvePittsburgh, PA 15225

  • Retail properties
  • 0.33 AC
For Lease
$15/SF/YR View listing

Property Details for 7500 Grand Ave

Lot size
0.33 AC
Property type
Retail properties
Property subtype
Grocery and convenience stores
APN
273-E-255
APU
273E255

Description

This exceptional 2,400 square foot free-standing retail building is available for lease on Pittsburgh's Neville Island. Located at 7500 Grand Avenue, this single-story property boasts a highly visible location adjacent to the Robert Morris University Island Sports Center, ensuring significant foot traffic and exposure. The 0.33-acre lot (14,353 square feet) provides ample space, including a 12-car parking lot, for customer convenience. The building's previous use as a 7-Eleven convenience store offers a solid foundation for a variety of retail ventures, although some usage restrictions may apply. Situated in Allegheny County's West Pittsburgh Industrial submarket, this property offers easy access to Coraopolis, PA, and benefits from its proximity to a major university facility. The entire 2,400 square feet is currently vacant, presenting a unique opportunity for a business seeking a well-located, established space. This property is ideal for a retailer looking for high visibility and convenient access in a thriving community. Interested parties should inquire about specific usage restrictions and lease terms.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,012,530
    6.5%
    $3,703,874
    7%
    $3,439,312
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,383,301
    Geo Method
    $3,383,301
  • Alternative Use

    Use
    Valuation
    Residential
    $3,124,356
    Hospitality
    $2,861,894
    Educational
    $2,381,062
    Medical
    $2,462,950
    Retail
    $3,703,874
7500 Grand Ave, Pittsburgh, Pennsylvania

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.5174
Longitude
-80.1482
CBSA code
38300
CBSA name
PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$21,908
$232,400
$377,600
$610,000
-
$232,400
$377,600
$610,000

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