2535 Liberty AvePittsburgh, PA 15226

Property Details for 2535 Liberty Ave

Lot size

0.11 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

62-K-229

APU

62K229

Description

This exceptional investment opportunity presents a beautifully maintained, two-story brick building ideally situated in Pittsburgh, Pennsylvania, at 2535 W Liberty Ave, 15226. The property boasts a total square footage between 2,000 and 3,000, encompassing a ground floor commercial space and a second-floor apartment. The commercial space features a large open conference area, perfect for a variety of uses, and is further enhanced by a two-ton overhead crane, two private offices, and a powder room. The recent 2022 renovations are evident throughout the building. The second-floor apartment is completely updated, showcasing new stainless steel appliances, new cabinets, a new full bathroom, new washer/dryer, new carpeting, and fresh paint. The property sits on a 9,895 square foot lot (APN: 62-K-229, 62-K-227) and is zoned for commercial use. Its strategic location at the intersection of Route 19 and Brookline Boulevard, directly across from McDonald's, ensures high visibility and accessibility, with an estimated 280,000 vehicles passing by monthly. This presents a unique chance to establish a thriving business in a high-traffic area, less than three miles from downtown Pittsburgh. The property is vacant and available for lease under a NNN lease agreement, commencing May 13, 2024. This is a rare opportunity to acquire a turnkey property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $887,937

  6.5%

  $819,634

  7%

  $761,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $436,738

  Geo Method

  $436,738

• Alternative Use

  Use

  Valuation

  Residential

  $1,016,346

  Hospitality

  $930,968

  Educational

  $774,554

  Medical

  $801,192

  Retail

  $1,204,862

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.3982

Longitude

-80.0259

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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