40 Pius St, Pittsburgh, PA 15203
3 Multifamily Properties Offered at $2,450,000 in Pittsburgh, PA
For Sale
Active
Asking Price $2,450,000
- Sale Condition
- Deferred Maintenance
- Property Type
-
Multifamily
Listing Contacts
Property Overview
SVN Three Rivers Commercial Advisors is pleased to present the opportunity to purchase 32-44 Pius Street, a redevelopment opportunity located on the South Side Slopes. The project consists of (3) total parcels, totaling 2.3 acres and (1) usable structure. The current ownership envisioned and has most approvals for 93-98 apartments + 100 parking spaces (indoor and outdoor). Total SF in excess of 90,000 SF.
Parcel #1 - contains the building with the address 32-40 Pius St. Building is in good condition with recent roof repairs and it was occupied as recently as 2022.
Parcel #2 - Formerly Saint Michael's School and Veronica’s Veil Theater (44 Pius St.) includes a large parking lot. Building has been vacant for over 10 years, and current ownership determined it needs to be demolished.
Parcel #3 - small empty parcel on the western edge.
The lot consolidation of the 3 parcels has been completed but revised deed has not been filed yet. The consolidated address will be 46 Pius Street, once finalized.
The project is nearly shovel ready, including completed Architectural, MEP, and Structural SD drawings. Variances approved for building replacement of 44 Pius within existing building footprint and for retrofitting existing structure at 32-40 Pius. Strong support for the project from neighbors and community organization.
Parcel #1 - contains the building with the address 32-40 Pius St. Building is in good condition with recent roof repairs and it was occupied as recently as 2022.
Parcel #2 - Formerly Saint Michael's School and Veronica’s Veil Theater (44 Pius St.) includes a large parking lot. Building has been vacant for over 10 years, and current ownership determined it needs to be demolished.
Parcel #3 - small empty parcel on the western edge.
The lot consolidation of the 3 parcels has been completed but revised deed has not been filed yet. The consolidated address will be 46 Pius Street, once finalized.
The project is nearly shovel ready, including completed Architectural, MEP, and Structural SD drawings. Variances approved for building replacement of 44 Pius within existing building footprint and for retrofitting existing structure at 32-40 Pius. Strong support for the project from neighbors and community organization.
Highlights
- Multifamily, Senior, or Affordable Housing Development Opportunity with almost all approvals in place to make this site "shovel ready".
- Top notch design and engineering teams already in place.
- Amazing views of downtown Pittsburgh and the Mon Valley and serene rear nature landscape to accommodate dog and nature lovers.
- Superior location provides access to interchanges PA 51, I-376, and I-579.
- Great location! Access to South Side Flats, professional sports venues and popular neighborhoods.
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