826 Brookline Blvd | Pittsburgh, PA 15226
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826 Brookline Blvd
Pittsburgh, PA 15226
Retail Property For Sale
Investment Highlights
- Brookline, Pittsburgh’s second largest neighborhood, has a robust, walkable business district
- Stable tenants, 100% occupied
- Ideal location, 10± minutes from Downtown
- Extensive aesthetic and mechanical renovations, completed 2020
Executive Summary
Investment Property: 6,886 SF building renovated for office or retail use. Located in Brookline, Allegheny County (Parcel ID: 0097-D-00061-0000-00) on a 0.08-acre lot. Zoning is LNC. Built 1909, renovated 2019. Building Layout: 2-story mixed-use + basement level (2,580 SF per floor). 1st Floor: Retail (existing 3-year lease with option to extend for 2 years); 2nd Floor: Office (existing 1-year lease with extensions).
Access: Each floor has separate, direct street access. Power: 3-Phase, 600 amp electric. Parking & Transportation: Abundant street parking; public transport at the door.
The current owners have completed extensive aesthetic and mechanical renovations since their purchase in mid-2018. All work was completed by December, 2020. Renovations include:
- Street-level facade opened up, storefront added
- Brick & cement exterior painted
- Three HVAC RTUs (12.5 ton, 7.5 ton, 5.0 ton), each servicing a single floor, replaced
- Rooftop HVAC ductwork insulation replaced
- Partial roof replacement
- New fire monitoring control system installed
- Emergency back-up exit and stairwell lighting added
- New flooring added to both the upper and street-level spaces
- Upper-level and street-level interiors painted
- Stairwell painted
- Ceiling tiles in the upper-level were replaced as needed, and all of the ceiling tiles on the street level were replaced
Access: Each floor has separate, direct street access. Power: 3-Phase, 600 amp electric. Parking & Transportation: Abundant street parking; public transport at the door.
The current owners have completed extensive aesthetic and mechanical renovations since their purchase in mid-2018. All work was completed by December, 2020. Renovations include:
- Street-level facade opened up, storefront added
- Brick & cement exterior painted
- Three HVAC RTUs (12.5 ton, 7.5 ton, 5.0 ton), each servicing a single floor, replaced
- Rooftop HVAC ductwork insulation replaced
- Partial roof replacement
- New fire monitoring control system installed
- Emergency back-up exit and stairwell lighting added
- New flooring added to both the upper and street-level spaces
- Upper-level and street-level interiors painted
- Stairwell painted
- Ceiling tiles in the upper-level were replaced as needed, and all of the ceiling tiles on the street level were replaced
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,886 SF
Building Class
C
Year Built/Renovated
1909/2018
Price
£472,620
Price Per SF
£69
Net Initial Yield
8.27%
NOI
£39,098
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
1.98
Lot Size
0.08 AC
Zoning
LNC - Permitted uses within LNC districts include office, restaurant, retail sales and services.
Parking
0.97 Spaces per 1,000 SF Leased
PROPERTY TAXES
| Parcel Number | 0097-D-00061-0000-00 | Improvements Assessment | £192,278 |
| Land Assessment | £23,316 | Total Assessment | £215,593 |
PROPERTY TAXES
Parcel Number
0097-D-00061-0000-00
Land Assessment
£23,316
Improvements Assessment
£192,278
Total Assessment
£215,593
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