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27170578
27170579

1680 Washington Rd, Pittsburgh, PA 15241

BH
PA PA RS335804
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$12,902,163
258 days on market
Updated 57 days ago

Bethel Park Retail Portfolio–Ethan Allen & Fidelity Anchors

Details
APN 0319-M-00140-0000-00
Property Type Retail
Sub Type Shopping Center
Square Footage 23,143
Net Rentable (SqFt) 23,143
Units 5
Cap Rate 6.34%
NOI $818,049
Occupancy 100%
Tenancy Multi
Brand/Tenant Ethan Allen, Fidelity Investments (+3)
Lease Type Net
Price per SqFt $558
Broker Co-Op Yes
Year Built 2010
Buildings 1
Stories 1
Lot Size (SqFt) 80,431
Parking Spaces 106 spaces
Parking Per SqFt 4.58
Investment Type Stabilized
Ownership Fee Simple

Retail | 6.34% CAP | Available Individually or as a Portfolio–Contact Listing Agent for More Info

Marketing description

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.

Investment highlights

  • 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

  • STRATEGICALLY LOCATED - Bethel Park Is An Upscale Community – Strong Concentration Of Wealth

  • IN PRIMARY RETAIL CLUSTER - Neighboring Tenants Include Trader Joe’s, Chick Fil A, Whole Foods and Target

  • DENSE INFILL POPULATION - 97,000+ Residents Within 3 MI Radius Of Subject

  • AFFLUENT SURROUNDING NEIGHORHOOD - $131,000+ AHHI Within 2 Mile Radius

  • AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO

Listing Contacts

BH
PA PA RS335804
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$818,049.00
$68,170.75/mo

Valuation Metrics

0
DSCR
6.34%
Cap Rate
6.34%
ROI

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Additional Information

Name
Timothy Stephenson
License
PA RMR006104
Title
Broker of Record
Name
Brian Higgins
License
PA RS335804
Brokerage
Marcus & Millichap
Brokerage Phone
2155317093
Brokerage Address
2005 Market Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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