1850 Centre Ave - Supermarket FOR SALE


Pittsburgh, PA 15219- Crawford Roberts Hill
$3,790,000 USD
412-848-2016
1850 Centre Ave, Pittsburgh, PA for Sale
$3,790,000 USD
Supermarket - FOR SALE
1/4
null | Request Cap Rate

1850 Centre Ave
Pittsburgh, PA 15219
Crawford Roberts Hill


HIGHLIGHTS

  • Full air rights included — vertical development upside on 2.57 acres beside the Lower Hill redevelopment
  • Priced at ~$102/SF — well below the ±$13.2M original construction cost
  • ±30,410 SF anchor with commercial kitchen + grocery build-out (more than $1M invested)
  • ±6,800 SF inline retail, divisible into two units
  • Adjacent to FNB Financial Center (475K SF, opened 2025), PPG Paints Arena, I-579 CAP Park
  • Enterprise Zone + Avenue of Hope — potential tax incentives

OVERVIEW

Centre Heldman Plaza is a rare chance to buy newer retail construction well below replacement cost in one of Pittsburgh's most actively redeveloping submarkets. At $3,790,000, the price is roughly $102/SF on a building that cost over $13 million to build twelve years ago. The opportunity is threefold: an income/owner-user play (a grocery- and kitchen-ready anchor plus divisible inline retail), a development play (full air rights on 2.57 acres next to a $1 billion mixed-use project adding 1,000+ residences and 475,000 SF of new Class A office), and a mission play (the Hill District has lacked a full-service grocery since 2019).

FOR SALE DETAILS

PRICE

$3,790,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Bank, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,347 SF

ZONING

UNC

APN/PARCEL ID

0011-A-00123-0000-00

ASK ABOUT THIS PROPERTY

Jesse CortezThe Colony AgencyMore Info
412-848-2016

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Jesse CortezThe Colony AgencyMore Info
412-848-2016

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