1703 E Carson St - Storefront Retail/Residential FOR SALE


Pittsburgh, PA 15203
$775,000 USD
724-933-6300
1703 E Carson St, Pittsburgh, PA for Sale
$775,000 USD
Storefront Retail/Residential - FOR SALE
1/37
null | 9.75% Cap Rate

1703 E Carson St
Pittsburgh, PA 15203


HIGHLIGHTS

  • Heavy daytime foot traffic
  • Lots of natural light
  • Open plan exposed brick
  • Mixed use

OVERVIEW

Discover a prime investment opportunity at 1703 E Carson St, a mixed-use building in the heart of Pittsburgh's vibrant Southside neighborhood. This 6,100 sq ft main property was renovated in 2019 and boasts a dynamic blend of street retail and residential units, ensuring diverse income streams and strong potential for long-term appreciation. The first floor features a fully equipped kitchen and restaurant space, perfectly positioned to capitalize on the heavy foot and vehicle traffic along bustling E Carson Street. Above, three fully leased residential units provide immediate cash flow, offering a seamless transition for new ownership. Additionally, a remodeled single-family home is located behind the main building. Currently generating a Net Operating Income (NOI) of $75,801 with a 7.22% capitalization rate, 1703 E Carson St stands out as a lucrative investment in a sought-after commercial area. The property’s strategic location, surrounded by a myriad of shops, bars, and restaurants, ensures constant demand and robust rental potential.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

9.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

Commercial

APN/PARCEL ID

0012-E-00304-0000-00

ASK ABOUT THIS PROPERTY

Anthony DastaThe Dasta Group, RE/MAX Select CommercialMore Info
724-933-6300

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Anthony DastaThe Dasta Group, RE/MAX Select CommercialMore Info
724-933-6300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.