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Real Estate and Restaurant | Lawrenceville 3720 Butler St 6,790 SF Retail Building Pittsburgh, PA 15201 $3,414,150 CAD ($502.82 CAD/SF) 8.16% Cap Rate
Investment Highlights
- Investment Opportunity
- Umami Izakaya restaurant occupies the 2nd & 3rd floors
- PRIME Butler Street location in the heart of the vibrant Lawrenceville neighborhood
- Esquina Cantina occupies the 1st floor including the outdoor patio & bar
- 8,790 Annual Daily Traffic on Butler St
- Esquina Cantina is proposing a 10-year sale-leaseback and will be responsible for 100% of all Triple-Net (NNN) expenses or the entire building
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present a unique investment opportunity to purchase the real estate located at 3718-3720 Butler Street.
This opportunity is located along Butler Street in the heart of the Lawrenceville neighborhood, which is one of the most attractive and flourishing neighborhoods in the Pittsburgh market. With 8,790 ADT on Butler St, this location offers maximum visibility within the vibrant Lawrenceville neighborhood.
The 6,790 SF building features two units, currently occupied by two established local restaurants, with Esquina Cantina located on the 1st floor, including the full outdoor patio & bar, and Umami Izakaya located on the 2nd and 3rd floors, offering contemporary sushi and Japanese street food along with unique cocktails in an experiential dining setting.
This opportunity is located along Butler Street in the heart of the Lawrenceville neighborhood, which is one of the most attractive and flourishing neighborhoods in the Pittsburgh market. With 8,790 ADT on Butler St, this location offers maximum visibility within the vibrant Lawrenceville neighborhood.
The 6,790 SF building features two units, currently occupied by two established local restaurants, with Esquina Cantina located on the 1st floor, including the full outdoor patio & bar, and Umami Izakaya located on the 2nd and 3rd floors, offering contemporary sushi and Japanese street food along with unique cocktails in an experiential dining setting.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,790 SF
Building Class
C
Year Built
1864
Price
$3,414,150 CAD
Price Per SF
$502.82 CAD
Cap Rate
8.16%
NOI
$278,641 CAD
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.95
Lot Size
0.08 AC
Zoning
LNC - Local Neighborhood Commercial
Frontage
40’ on Butler St
Amenities
- Signage
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0049-J-00219-0000-00 | Improvements Assessment | $313,040 CAD |
| Land Assessment | $102,399 CAD | Total Assessment | $415,439 CAD |
Property Taxes
Parcel Number
0049-J-00219-0000-00
Land Assessment
$102,399 CAD
Improvements Assessment
$313,040 CAD
Total Assessment
$415,439 CAD
(412) 535-8062
x1006
Contacts
-
Andreas Kamouyerou -
Michael Kamouyerou -
SVN - Three Rivers Commercial Advisors
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Real Estate and Restaurant | Lawrenceville | 3720 Butler St
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