633 Smithfield StPittsburgh, PA 15222
- Retail properties
- 0.06 AC
Property Details for 633 Smithfield St
- Lot size
- 0.06 AC
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 2-A-47
- APU
- 2A47
Description
This exceptional six-story, 7,200-square-foot mixed-use building presents a unique investment opportunity in the heart of Pittsburgh, Pennsylvania. Located at 633 Smithfield Street, this Class C property offers a versatile open floor plan ideal for various commercial uses, including office space, retail, and residential condos. The building's C1 zoning allows for flexible development, maximizing its potential. With 7,000 square feet of net rentable space, the property boasts a desirable price per square foot of $83.19. The building's prime location on Smithfield Street provides excellent visibility and accessibility, benefiting from high foot traffic and proximity to public transportation. The vacant building is ready for immediate development, allowing for customization to suit specific business needs. Potential uses include a street-level restaurant, capitalizing on the area's bustling atmosphere. The property's multiple floors offer opportunities for mixed-use development, catering to diverse tenants or residents. Upper floors may offer scenic city views, enhancing the appeal of office or residential spaces. This investment presents a chance to capitalize on Pittsburgh's ongoing downtown revitalization and the strong demand for modern commercial spaces. The building is available for occupancy on May 1, 2024. This is an investor-ready property with significant potential for long-term value appreciation. The building consists of one unit within one building.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $670,945
- 6.5%
- $619,334
- 7%
- $575,096
-
Comparable approach
- Method
- Valuation
- Relative Method
- $565,730
- Geo Method
- $565,730
-
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
- 40.4424
- Longitude
- -79.9973
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].