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2544 Library Rd

$495,000

2544 Library Rd, Pittsburgh, PA 15234-3106

Active
Last Updated: 07/12/2024

11.12

Cap Rate

25,000 sqft

Building Size

Details:
Cap Rate:    11.12%
Building Size:    25,000 sqft
Lot Area:    33,336 acres
Occupancy:    100%
Units:    21
Year Built:    1970
Zoning:    HC
Floors:    2
Parking Spots:    15
Description:

Redevelopment or Value-add opportunity to own a mixed-use 2-story investment property that is sure to deliver significant returns. This property boasts numerous recent updates, including renovated second-floor spaces, resurfaced parking lot, fresh exterior painting and landscaping.

The property features multiple retail and office flex spaces, all of which have undergone updating to ensure maximum occupancy rates. Currently, the property is occupied by long-term tenants who are on short-term leases, allowing for flexibility in management and leasing strategies, or a potential site redevelopment.

This value-add opportunity is perfect for investors looking for an upside for leasing and tenant repositioning.

Contact us today to learn more about this exciting investment opportunity!


Located in the Overbrook neighborhood of the City of Pittsburgh, located on State Route 88 (Library Road), which is a gateway for the South Hills communities of Castle Shannon, Mt Lebanon, and Bethel Park. Property fronts both Library Road and Transport Street. Property is conveniently located in walking distance to the Overbrook station of the LTR Port Authority system which has approximately 9,000 riders a day.



Value Add Investment Mixed Use Property
Potential Tear Down Redevelopment
Owner/Occupier potential as well
Extremely low price/psf for quick sale
Seller financing possible
Heavily traveled Route 88 (Library) Road
Comes with existing tenants providing cash flow through stabilization or redevelopment

Map:
Documents:
Title
2544 LIBRARY ONE PAGE BROCHURE-2
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Location
Gallery