32-40 Pius St - Specialty FOR SALE


Pittsburgh, PA 15203- Southside Slopes
$995,000 USD
32-40 Pius St, Pittsburgh, PA for Sale
$995,000 USD
Specialty - FOR SALE
1/8
null | Request Cap Rate

32-40 Pius St
Pittsburgh, PA 15203
Southside Slopes


HIGHLIGHTS

  • Potential for a 75,000 SF building; currently set up as Transitional Housing (Dormitory Style)
  • Multifamily, Senior, or Affordable Housing Development Opportunity with almost all approvals in place to make this site "shovel ready".
  • This property comes with approx. 13 parking spaces. Separate parking lot available for additional parking (not included).
  • Amazing views of downtown Pittsburgh and the Mon Valley and serene rear nature landscape to accommodate dog and nature lovers.
  • Access to South Side Flats, professional sports venues and popular neighborhoods; conveniently located by Duquesne University & Point Park University
  • $17.19/SF

OVERVIEW

SVN Three Rivers Commercial Advisors is pleased to present the opportunity to purchase 32-40 Pius Street, an adaptive-reuse opportunity located on the South Side Slopes. The historic building was originally built as a convent in the 19th Century. The building was most recently used for transitional housing as of 2021. It is now vacant but has been maintained and has all working utilities and recent roof repairs. The building has 12' ceilings on each floor and it has 57,850 of Rentable Square Feet. With infill of the demising stairwells and chapel it would be 74,310 SF. The current setup is "dormitory style" with all floors containing separate rooms with a shared bathroom. The basement has a large shared kitchen and there is a Chapel. The building could be used as-is, for any type of dormitory housing, converted to apartments / condos, affordable housing, senior housing, or a boutique hotel. The project is nearly shovel ready, including completed Architectural, MEP, and Structural SD drawings for an apartment conversion.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$17 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

32-40 Pius Street

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

-

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

-

APN/PARCEL ID

0003-S-00164-0000-00

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