1680 Washington Rd - Freestanding FOR SALE


Pittsburgh, PA 15241- Outlying South Allegheny
$12,902,163 USD
215-531-7093
1680 Washington Rd, Pittsburgh, PA for Sale
$12,902,163 USD
Freestanding - FOR SALE
1/8
null | 6.34% Cap Rate

1680 Washington Rd
Pittsburgh, PA 15241
Outlying South Allegheny


HIGHLIGHTS

  • Available Individually or as a Portfolio – Contact Listing Agent for More Information
  • National Tenant Anchors Including Ethan Allen & Fidelity Investments
  • Solid Rent Growth - All Tenant Leases Feature Scheduled Rent Increases
  • Excellent Visibility & Access - Two Points of Ingress/Egress w/ Frontage on Washington Rd – 44,000+ VPD
  • In Primary Retail Cluster - Neighboring Tenants Include Trader Joe’s, Chick Fil A, Whole Foods and Target
  • Strategically Located - Bethel Park is an Upscale Community – Strong Concentration of Wealth | $131,000+ AHHI Within 2 Mile Radius

OVERVIEW

Marcus & Millichap is pleased to present a premier multi-tenant retail investment opportunity in the affluent Bethel Park suburb of Pittsburgh, Pennsylvania. The subject property, located at 1680 Washington Road, sits along the market’s primary retail corridor—with traffic counts exceeding 44,000 VPD. Constructed in 2010, the center has 23,143 SF of GLA on 1.85 acres, featuring exceptional visibility, 2 access points for ingress/egress & 106 parking spaces. A key strength of this opportunity is its flexibility. Investors may acquire the property as a complete retail center or as separate individual pieces. The three-tenant portion is occupied by Beal Bank, Great Clips, and Treasure Hunt—providing a diverse tenant mix. Additionally, two national credit tenants, Ethan Allen and Fidelity Investments, each occupy their own portion of the building, delivering institutional-grade stability. All tenants are subject to net lease structures with scheduled rent escalations, ensuring inflation protection. The property benefits from a prime location just eight miles south of downtown Pittsburgh, in one of the metro’s most affluent communities. The Bethel Park trade area is home to exceptional demographics, with median household incomes surpassing $131,000 in a 2 MI radius and over 71% of residents holding a bachelor’s degree or higher. The corridor is a well-established retail destination surrounded by top-tier national retailers, including Trader Joe’s, Fresh Market, and the Galleria at Mt. Lebanon Mall to the north, as well as Village Square and South Hills Village Mall to the south, anchored by Target, Macy’s, Dick’s Sporting Goods, Whole Foods, Best Buy, and The Home Depot. This concentration of national brands supports consistent traffic and reinforces the subject property’s long-term viability. Pittsburgh’s broader metro economy continues to demonstrate steady growth and diversification. The region reported a 1.8% year-over-year increase in nonfarm employment as of mid-2025, driven by key sectors such as education and healthcare services (up 4.9%), professional services (up 1.7%), and financial activities (up 1.8%). The metro population has expanded to 2.44 million, while unemployment remains low at 3.9%, below the national average. This economic resilience, combined with the property’s tenant mix and location in a high-income suburban market, underscores its strength as a passive, inflation-protected investment opportunity.

FOR SALE DETAILS

PRICE

$12,902,163 USD

PRICE/SF

$557 USD /SF

CAP RATE

6.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bethel Park Retail Portfolio

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

106

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

-

APN/PARCEL ID

0319-M-00140-0000-00

ASK ABOUT THIS PROPERTY

Brian HigginsMarcus & MillichapMore Info
215-531-7093

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Brian HigginsMarcus & MillichapMore Info
215-531-7093

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