Share This Listing

Message

968 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • This unique opportunity allows investors to reimagine this 2.3-acre lot, with zoning variance allowing for new high-demand multifamily units.
  • Site sits close to top-rated hospitals, schools, the casino, North Shore, as well as Highways 279 and 376.
  • Businesses in the area enjoy easy access to Allentown and South Side Flats and are placed just 10 minutes from PNC Park and Acrisure Stadium.
  • Current improvements include a historic church and apartment building that provide optionality for rehab, redevelopment, and expansion projects.
  • This property has an excellent location on the Southside Slopes, providing easy accessibility and beautiful views of Pittsburgh and the Mon Valley.

Executive Summary

42-44 Pius Street provides the opportunity to acquire 2.3 acres of land in the Southside Slopes neighborhood of Pittsburgh, Pennsylvania. The sale includes the upside to remove the existing church property and start a new project providing high demand commercial space or parking to the community. A zoning variance has been received, allowing for the creation of approximately 27-33 multifamily units using the existing building, or create 100+ total units with the formation of a new structure or expansion.

42-44 Pius Street’s excellent location in the Southside Slopes provides easy accessibility and beautiful views of Pittsburgh and the Mon Valley. The rear of the building offers serene wilderness with trails and gardens. The building can be easily reached thanks to nearby interchanges for PA 51, Interstate 376, and Interstate 579. The area boasts easy and convenient access to popular Allentown and South Side Flats and is a short 10-minute drive to PNC Park, Acrisure Stadium, and even Oakland and Shadyside.

Data Room Click Here to Access

Property Facts

Price $1,362,861 CAD
Price Per Unit $42,589 CAD
Sale Type Investment
No. Units 32
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 2.30 AC
Building Size 52,000 SF
Average Occupancy 0%
No. Stories 3
Year Built 1900
Zoning MULTI - Approved for Multi-Unit on South Side Slopes

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
0012-N-00213-0000-00
Land Assessment
$27,942 CAD
Improvements Assessment
$142,724 CAD
Total Assessment
$170,666 CAD
  • Listing ID: 35396270

  • Date on Market: 2025-04-07

  • Last Updated:

  • Address: 40 Pius St, Pittsburgh, PA 15203

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}