5304-5310 Butler St, Pittsburgh, PA 15201
9,000 SF | 90% Leased | Retail Building | Pittsburgh, PA 15201 | $2,400,000 ($267/SF) | 5.36% Cap Rate
For Sale
Active
10 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $2,400,000
- Property Type
-
Retail
- Square Feet
- 9,000 SF
- Price / Square Foot
- $267
Listing Contacts
Aaron Bubenheim
Verified Profile
- Property Info
Property Overview
Duck Hollow Realty is pleased to present this 10 unit mixed-used building located on Butler Street in Upper Lawrenceville paired with (4) vacant lots in the rear located along Dresden Way. The building consists of (8) residential units located on the second and third floors plus (2) commercial store fronts along Butler Street below the apartments. Each residential unit is approximately 750 sq ft with one bedroom and one bathroom. The storefronts consist of a bakery at 5304 Butler and a coffee shop at 5306-5310. The coffee shop currently subleases to a separate skincare business at 5310 Butler. Prospective owners could make some upgrades and lease these three spaces separately in the future to increase to (3) commercial units and (11) total.
Tenants cover all gas and electricity expenses. Landlord covers all water/sewage bills. Laundry facilities are on site for tenants to share. Landlord incurs no expense for trash/landscaping/snow and ice removal. Tenants and city trash pick-up covers all. (4) vacant lots along Dresden Way provide an excellent opportunity to be developed or to be subdivided and sold or to simply be used as parking for tenants. Current rents are well below market rates in desirable Lawrenceville. Plenty of room for increase in the future to raise revenue and add value.
Butler Street in Lawrenceville is considered one of the best destinations in Pittsburgh for dinner, upscale bars and nightlife, as well as art and music venues. Directly across from the building on Butler Street is the location of one of Pittsburgh’s premier restaurants, Pusadee’s Garden. Other fine restaurants and destinations are just blocks away. Also located less than a full city block away from the building is the Pittsburgh Engine Company No. 9 Firehouse which is known for its historical landmark status. Illinois-based Albion Residential has begun a capital investment project that will leave the firehouse fully remodeled and will add some 250 plus residential units as well as all new retail space, dog parks, and a lit bike path.
Tenants cover all gas and electricity expenses. Landlord covers all water/sewage bills. Laundry facilities are on site for tenants to share. Landlord incurs no expense for trash/landscaping/snow and ice removal. Tenants and city trash pick-up covers all. (4) vacant lots along Dresden Way provide an excellent opportunity to be developed or to be subdivided and sold or to simply be used as parking for tenants. Current rents are well below market rates in desirable Lawrenceville. Plenty of room for increase in the future to raise revenue and add value.
Butler Street in Lawrenceville is considered one of the best destinations in Pittsburgh for dinner, upscale bars and nightlife, as well as art and music venues. Directly across from the building on Butler Street is the location of one of Pittsburgh’s premier restaurants, Pusadee’s Garden. Other fine restaurants and destinations are just blocks away. Also located less than a full city block away from the building is the Pittsburgh Engine Company No. 9 Firehouse which is known for its historical landmark status. Illinois-based Albion Residential has begun a capital investment project that will leave the firehouse fully remodeled and will add some 250 plus residential units as well as all new retail space, dog parks, and a lit bike path.
Property Details
- Class
- C
- Year Built
- 1920
- Stories
- 3
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 6,098 SF
Highlights
- Laundry facilities are on site for tenants.
- 4 vacant lots along Dresden Way that could be developed or used as parking.
- Excellently positioned with easy commute and nearby amenities.
- Well maintained property in a high traffic location.
Nearby Properties
Similar Properties
FAQ
- 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.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- 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].