Industrial Properties - For Sale
3220 Smallman Street Pittsburgh, PA 15201
Details & Description
Price: $2,260,000
  • Property Type Industrial for Sale : Warehouse
  • Lot Size Acres 0.413
  • Building Sq Ft 30,200
  • Building Price per Sq Ft $74.83
  • Land Sq Ft 18,000
  • Land Price per Sq Ft $125.56
SVN Three Rivers Commercial Advisors is pleased to present for sale 3220 Smallman Street, located in Pittsburgh’s Strip District. This desirable 30,200 SF warehouse is a perfect re-development opportunity or value-add warehouse. The property is 100% leased by a long term tenant paying below market rent.The building is a one story office/warehouse building with partial floor containing 22,440 SF of gross building area and 7,760 SF of additional two story mezzanine storage space. The first floor consists of entry to lobby, partitioned storage/warehouse spaces, restroom, and 2 main larger warehouse spaces. The second floor consists of open bullpen areas, 3 private offices, 3 restrooms, and a kitchenette.Desirable Strip District sub-market in Pittsburgh surrounded by large residential and commercial developments. Location allows for great access to Interstate 579 and the Central Business District approximately 1.0 mile to the southwest.HighlightsPossible to re-develop to multi-family or flex / warehouseOne story office/warehouse building with partial floor containing 22,440 SF of gross building area and 7,760 SF of additional two story mezzanine storage space2 Exterior and 2 interior overhead doors100 % occupied - In place cashflow with tremendous upside with below market rents and long term tenantProposed 69,000 SF - 74,000 SF multi-family development includes 48 units with retail space and roof top deckDesirable Strip District sub-market in Pittsburgh surrounded by large residential and commercial developments150 Feet of frontage along Smallman StreetLocation allows for easy access to Interstate 579 and the Central Business District approximately 1.0 mile to the southwest
Listing Agents
Jason Campagna
SVN Three Rivers Commercial A
O: 412-535-5756
M: 724-825-3137
jason.campagna@svn.com
SVN Three Rivers
SVN Three Rivers
O: 412-535-8050
threeriversadmin@svn.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

3220 Smallman Street

Pittsburgh, PA 15201

Listing ID: 207485
$2,260,000
For Sale
  • Property Type Industrial for Sale : Warehouse
  • Lot Size Acres 0.413
  • Building Sq Ft 30,200
  • Building Price per Sq Ft $74.83
  • Land Sq Ft 18,000
  • Land Price per Sq Ft $125.56
  • 3220 Smallman Street Pittsburgh, PA 15201 | for Sale | Photo 1
  • 3220 Smallman Street Pittsburgh, PA 15201 | for Sale | Photo 2
  • 3220 Smallman Street Pittsburgh, PA 15201 | for Sale | Photo 3
3220 Smallman Street | for Sale | Thumbnail 1
3220 Smallman Street | for Sale | Thumbnail 2
3220 Smallman Street | for Sale | Thumbnail 3
Description

SVN Three Rivers Commercial Advisors is pleased to present for sale 3220 Smallman Street, located in Pittsburgh’s Strip District. This desirable 30,200 SF warehouse is a perfect re-development opportunity or value-add warehouse. The property is 100% leased by a long term tenant paying below market rent.

The building is a one story office/warehouse building with partial floor containing 22,440 SF of gross building area and 7,760 SF of additional two story mezzanine storage space. The first floor consists of entry to lobby, partitioned storage/warehouse spaces, restroom, and 2 main larger warehouse spaces. The second floor consists of open bullpen areas, 3 private offices, 3 restrooms, and a kitchenette.

Desirable Strip District sub-market in Pittsburgh surrounded by large residential and commercial developments. Location allows for great access to Interstate 579 and the Central Business District approximately 1.0 mile to the southwest.

Highlights

Possible to re-develop to multi-family or flex / warehouse

One story office/warehouse building with partial floor containing 22,440 SF of gross building area and 7,760 SF of additional two story mezzanine storage space

2 Exterior and 2 interior overhead doors

100 % occupied - In place cashflow with tremendous upside with below market rents and long term tenant

Proposed 69,000 SF - 74,000 SF multi-family development includes 48 units with retail space and roof top deck

Desirable Strip District sub-market in Pittsburgh surrounded by large residential and commercial developments

150 Feet of frontage along Smallman Street

Location allows for easy access to Interstate 579 and the Central Business District approximately 1.0 mile to the southwest

Listing Demographics for 3220 Smallman Street Pittsburgh, PA 15201

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population17,982176,452360,473
Population Median Age413738
Population by Age0-9 Yrs1163 (6%)11671 (6%)31335 (8%)
10-19 Yrs908 (5%)21130 (11%)39774 (11%)
20-29 Yrs4644 (25%)52895 (29%)81979 (22%)
30-39 Yrs3579 (19%)26677 (15%)56093 (15%)
40-49 Yrs1497 (8%)13957 (7%)33840 (9%)
50-59 Yrs2182 (12%)17327 (9%)41444 (11%)
60-69 Yrs1891 (10%)17080 (9%)39776 (11%)
70+ Yrs2117 (11%)15715 (8%)36233 (10%)
Median HH Income$55,291$47,351$50,458
Total Household Income< 24K2468 (25%)25002 (30%)46101 (27%)
25-49K1995 (20%)17462 (21%)35903 (21%)
50-74K1398 (14%)11939 (14%)26060 (15%)
75-99K1144 (11%)8563 (10%)18472 (11%)
100-199K1987 (20%)13631 (16%)28765 (17%)
200K+621 (6%)5538 (6%)9782 (5%)
Highest Education LevelNo Diploma1063714516963
Diploma or GED32672572263173
Some College18581602238136
Assoc. Degree1157840320045
Bachelors Degree38642931659146
Higher Degree31852944152620
Total Housing Units11,07093,239188,371
--Owner-Occupied3,95631,67780,261
--Renter-Occupied5,65650,45984,821
Owner-Occupied Values< 100K1495902827745
100-199K1014985426462
200-299K632523212133
300-399K32928515644
400-499K16716233291
500K+31930904986
Total Working Age Population16,438159,324311,748
In Work Force11,582100,201199,918
Not In Work Force4,85659,123111,830
Workforce Employed11,16395,453189,038
Workforce Unemployed4194,67710,699
Civlian Workforce11,582100,130199,737
Military Workforce071181
Total Households9,61282,136165,082
Family Households3,36728,78171,188
Non-Family Households6,24653,35593,894
Married Couple2,01019,04946,864
Other Family1,3579,73224,325
Married w/Child5745,58915,862
Single Male w/Child817482,226
Single Female w/Child3703,6769,196

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
Allegheny County1,281,666-51,223,348+31,265,919+31,307,654
Washington County202,897+2207,8200206,9420207,065
Westmoreland County369,993-1365,169-2358,574-1354,298

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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Closest Commercial Airports
Airport Distance (mi)
Pittsburgh International Airport (PIT) 14
Erie International Tom Ridge Field (ERI) 113
Cleveland Hopkins International Airport (CLE) 118
Listing Agent
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