Vacant Former Dialysis Clinic: Investment Opportunity
Office | 37,508 SqFt
Marketing description
Zamias Services Inc and SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest that features at 11,627 SF, single story, vacant medical office and adjacent storage building located in Pittsburgh, PA. The property is zoned C-2, Community Commercial, providing a wide range of commercial uses.
Look no further than this prime medical office/redevelopment play in the heart of the North Hills of Pittsburgh.
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) that features a 11,627 SF, single story, vacant medical office building and adjacent storage building located in Pittsburgh, Pennsylvania. The property is mainly zoned C-2 -Community Commercial District, providing for a wide range of commercial uses. These areas are intended to encourage small scale and rich diversity of neighborhood-serving commercial districts. The site presents an excellent owner-user or lease-up opportunity in a highly desirable location. Built in 2008, the site offers efficient floor plans, an elegant lobby, and easy access to businesses, government buildings, schools, and recreational outdoor activities.
The subject property is strategically located along Babock Blvd, which averages 16,900 vehicles passing by daily and is the major retail thoroughfare serving the city of Pittsburgh. The asset is a quick a 15-minute drive into downtown Pittsburgh, making this an ideal, centralized location with easy commutes for both employees and customers. The property benefits from nearby on/off ramp access onto Interstate 279 (70,800 VPD), a major interstate providing direct access to Pittsburgh. The asset is ideally located within a dense retail corridor with numerous surrounding national/credit tenants including The Home Depot, Lowe's Home Improvement, Sam's Club, Dick's Sporting Goods, Kohl's, Trader Joe's, Target, ALDI, among many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, the office property is near numerous single-family communities and multi-family complexes including Cliffside Manor Apartments (84 units), Arsenal 201 Apartments (586 units), and others, providing a direct residential or employee base from which the site can draw. The 5-mile trade area is supported by over 168,200 residents and 63,900 daytime employees, with a healthy annual average household income of $117,157.
Investment highlights
- The offering features a 11,627 SF, single story, vacant medical office building and adjacent storage building located in Pittsburgh, Pennsylvania
- The site presents an excellent owner-user or lease-up opportunity in a highly desirable location
- The property is mainly zoned C-2 - Community Commercial District, providing for a wide range of commercial uses
- The site offers efficient floor plans, an elegant lobby, and easy access to businesses, government buildings, schools, and recreational outdoor activities
- Located along Babock Blvd, which averages 16,900 vehicles passing by daily and is the major retail thoroughfare serving the city of Pittsburgh
- The asset is a 15-minute drive into downtown Pittsburgh, making this an ideal, centralized location with easy commutes for both employees and customers
- Benefits from nearby on/off ramp access onto Interstate 279 (70,800 VPD), a major interstate providing direct access to Pittsburgh
- The asset has excellent visibility and multiple points of ingress/egress
- The office property is near numerous single-family communities and multi-family complexes, providing a direct residential or employee base
- The nearby multi-family complexes include Cliffside Manor Apartments (84 units), Arsenal 201 Apartments (586 units), and others
- More than 168,200 residents and 63,900 employees support the trade area
- Affluent average household income of $117,157
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