1735 East Carson
Retail | 6,000 SqFt
Marketing description
Hanna Commercial Real Estate, as exclusive advisor, is pleased to offer the opportunity to acquire the investment offering (the “Property”) located at 1735 East Carson Street in Pittsburgh, Pennsylvania.
Situated in the vibrant South Side neighborhood, this distinguished asset is available for acquisition at $1,150,000, offering investors a compelling opportunity to secure a stable revenue stream with guaranteed rent escalations and significant growth potential. The property features three stories, including a ground-floor retail tenant and a spacious two-floor residential unit, all within one of the most desirable submarkets of the Pittsburgh MSA.
The South Side is renowned for its rich history, dynamic atmosphere, and diverse selection of retail, dining, and entertainment venues, attracting a broad demographic of residents, students, and visitors. The area boasts strong economic vitality, with consumer spending surpassing $4.8 billion within a five-mile radius, further reinforcing its appeal as a prime investment destination.
1st Floor - Retail
2nd & 3rd Floor - Single Residential Unit (2 BR/2 BATH)
Investment highlights
- Commercial: UPS lease is only plus electricity (no gas). LL pays water/sewer and taxes.
- UPS charged for 2,000 Sf. They use the basement but not in the lease
- Residential unit: Bldg was a total gut job – spent $1,000,000 on the renovations 12 yrs ago
- All new floors and floor joists
- Two Bedroom two bath – one on each floor
- Car port is for the apartment
- Income Producing - Three Story
- 6,000+/- Sf Retail/Residential
- Building With Off-Street,
- Covered Parking
- First Floor Tenant In Place With 2nd and 3rd Floor Residential Available
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