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Stagioni 2104-2106 E Carson St

5,391 SF Vacant Retail Building Pittsburgh, PA 15203 £492,312 (£91/SF) 9.60% Net Initial Yield

Investment Highlights

  • Unique historic opportunity in Pittsburgh’s South Side.
  • High traffic area with 12,237 ADT along East Carson Street.
  • Existing bar/restaurant structure in place with available walk-in cooler and exhaust hoods.
  • Fantastic exposure with 36 feet of frontage along East Carson Street.
  • Ample parking available near property.
  • Close to banks, restaurants, boutiques, UPMC.

Executive Summary

Located along a National Historic District that is East Carson Street, and housed in a circa 1870 storefront is this FULLY EQUIPPED RESTAURANT building ready to breathe in its new food concept. This unique property boasts 3 levels (plus a full basement) consisting of a commercial kitchen, multiple dining rooms, bar area, banquet/party room, office space, storage space, wine cellar, and more. The sale includes all equipment and fixtures! This location has a proven track record for some of Pittsburgh's longstanding culinary staples (Le Pommier and Stagioni)...yours is next!
Allegheny County 'R' Liquor License available.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,391 SF
Building Class
B
Year Built
1983
Price
£492,312
Price Per SF
£91
Net Initial Yield
9.60%
NOI
£47,262
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
3
Building FAR
1.55
Lot Size
0.08 AC
Zoning
LNC
Parking
5 Spaces (0.93 Spaces per 1,000 SF Leased)
Frontage
36 ft on E Carson St

Amenities

  • Bus Route
  • Courtyard
  • Restaurant

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Stagioni
  • Accommodation and Food Services
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Stagioni Accommodation and Food Services - - -
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Rent-A-Center
ALDI
LA Fitness
The Cheesecake Factory
Hello Bistro
Kura Revolving Sushi Bar
PNC Bank
Dollar Bank
Citizens Bank
Giant Eagle

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0012-K-00029-0000-00
Land Assessment
£152,420
Improvements Assessment
£119,179
Total Assessment
£271,599
  • Listing ID: 33636324

  • Date on Market: 10/08/2022

  • Last Updated:

  • Address: 2104-2106 E Carson St, Pittsburgh, PA 15203

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