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2544-2546 Library Rd 25,890 SF 62% Leased Retail Building Pittsburgh, PA 15234 $3,242,202 CAD ($125.23 CAD/SF) 9.50% Cap Rate
Investment Highlights
- Recent capital improvements include new roof, siding, exterior paint, lighting, parking lot, HVAC, furnaces, plumbing, and mechanicals
- High-visibility location along Route 88 with strong daily traffic counts
- Value-add opportunity through lease-up of vacant spaces
- 46+ parking spaces (front, side, and rear)
- Established tenant mix providing in-place income
- Additional 5,000 SF available (garage space)
Executive Summary
SVN | Three Rivers Commercial Advisors is pleased to present for lease 2544 Library Rd. (Library Plaza), a well-positioned neighborhood retail center located along the heavily traveled Route 88 corridor in Pittsburgh’s South Hills. The property benefits from strong visibility, convenient access, and a steady flow of daily traffic, making it an ideal location for a variety of retail, service, and office users.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
25,890 SF
Building Class
C
Year Built/Renovated
1910/2004
Price
$3,242,202 CAD
Price Per SF
$125.23 CAD
Cap Rate
9.50%
NOI
$308,008 CAD
Percent Leased
62%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.91 AC
Zoning
HC Highway Commercial
Parking
30 Spaces (1.16 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Moderately drivable
70/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $519,483 CAD | |
| Land Assessment | $254,227 CAD | Total Assessment | $773,710 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$254,227 CAD
Improvements Assessment
$519,483 CAD
Total Assessment
$773,710 CAD
(412) 535-8062
x1006
Contacts
-
Andreas Kamouyerou -
Michael Kamouyerou -
SVN - Three Rivers Commercial Advisors
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2544-2546 Library Rd
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