40 Pius St - Apartments FOR SALE


Pittsburgh, PA 15203- Southside Slopes
$995,000 USD
724-348-9300
40 Pius St, Pittsburgh, PA for Sale
$995,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

40 Pius St
Pittsburgh, PA 15203
Southside Slopes


HIGHLIGHTS

  • This unique opportunity allows investors to reimagine this 2.3-acre lot, with zoning variance allowing for new high-demand multifamily units.
  • Current improvements include a historic church and apartment building that provide optionality for rehab, redevelopment, and expansion projects.
  • Site sits close to top-rated hospitals, schools, the casino, North Shore, as well as Highways 279 and 376.
  • This property has an excellent location on the Southside Slopes, providing easy accessibility and beautiful views of Pittsburgh and the Mon Valley.
  • Businesses in the area enjoy easy access to Allentown and South Side Flats and are placed just 10 minutes from PNC Park and Acrisure Stadium.

OVERVIEW

42-44 Pius Street provides the opportunity to acquire 2.3 acres of land in the Southside Slopes neighborhood of Pittsburgh, Pennsylvania. The sale includes the upside to remove the existing church property and start a new project providing high demand commercial space or parking to the community. A zoning variance has been received, allowing for the creation of approximately 27-33 multifamily units using the existing building, or create 100+ total units with the formation of a new structure or expansion. 42-44 Pius Street’s excellent location in the Southside Slopes provides easy accessibility and beautiful views of Pittsburgh and the Mon Valley. The rear of the building offers serene wilderness with trails and gardens. The building can be easily reached thanks to nearby interchanges for PA 51, Interstate 376, and Interstate 579. The area boasts easy and convenient access to popular Allentown and South Side Flats and is a short 10-minute drive to PNC Park, Acrisure Stadium, and even Oakland and Shadyside.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$19 USD /SF

# OF UNITS

32

PRICE/UNIT

$31,094

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

MULTI

APN/PARCEL ID

0012-N-00213-0000-00

ASK ABOUT THIS PROPERTY

Greg CostaCosta Real Estate, LLCMore Info
724-348-9300

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Greg CostaCosta Real Estate, LLCMore Info
724-348-9300

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