1016 Fifth Ave - Storefront Retail/Residential FOR SALE


Pittsburgh, PA 15219- Uptown Pittsburgh
$2,200,000 USD
646-708-1784
1016 Fifth Ave, Pittsburgh, PA for Sale
$2,200,000 USD
Storefront Retail/Residential - FOR SALE
1/22
null | Request Cap Rate

Sep '26


1016 Fifth Ave
Pittsburgh, PA 15219
Uptown Pittsburgh


OVERVIEW

amazing opportunity to purchase a turnkey mixed use property in on of Pittsburghs rapidly developing downtown neighborhoods. the location already benefits from its location accross the street from the PPG arena, one block from Duquene university and on the same block as a newly constructed 500 bed on campus student housing development. other work in the area is a huge and long touted pittsburgh BRT line connecting Oakland to downtown with a brand new bus stop directly in front of the property, as well as dedicated bike lanes. Uptown as the neighborhood is affectionately known has had an enormous amount of recent development including a new mercy hospital extension, Duquene university expansion, a new music venue for pittsburgh live as well as the 1million square foot FNB tower all within 3 blocks of the property. the property was completely gut renovated in 2022 and currently is positioned with 3 full floor residential lofts over a ground floor commercial space. The ground floor was just recently approved for a variance that allows for an 80 seat bar/restaurant. finally the property sits inside the qualified opportunity zone and qualifies for all the tax benefits associated with the inclusion of that status.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1016 Fifth Ave

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

UPR-A

APN/PARCEL ID

0002-G-00009-0000-00

ASK ABOUT THIS PROPERTY

Tim GiblinGiblin, TimMore Info
646-708-1784

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Tim GiblinGiblin, TimMore Info
646-708-1784

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