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5770 Butler St 15,600 SF 100% Leased Retail Building Pittsburgh, PA 15201 $4,775,435 CAD ($306.12 CAD/SF) 7.11% Cap Rate
Investment Highlights
- Tenants pay utilities
- Long term tenancy
- Attractive rental increases
- High-visibility location
Executive Summary
Colliers is pleased to present the opportunity to acquire 5770 Butler Street, a fully leased commercial property located in the heart of Upper Lawrenceville, one of Pittsburgh’s most vibrant and rapidly transforming neighborhoods. The property is currently occupied by a diverse mix of tenants including Arsenal Strength, Cry Baby Tattoo, Casper Ectoplasm, and Dirk’s Car Wash, offering multiple income streams, a weighted average lease term (WALT) of 7.53 years, and attractive annual rental increases across the tenant base. 5770 Butler Street offers prominent frontage along a high-traffic corridor and is situated just minutes from UPMC Children’s Hospital, the 62nd Street Bridge, and the amenity-rich core of Central Lawrenceville. Zoned Urban Industrial (UI), the site provides long-term flexibility for adaptive reuse or redevelopment in alignment with the neighborhood’s continued growth and demand. This offering presents investors with the opportunity to acquire a stabilized, income-producing asset in one of Pittsburgh’s most dynamic urban corridors, with long-term upside through organic rent growth and evolving land use potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,600 SF
Building Class
C
Year Built
1935
Price
$4,775,435 CAD
Price Per SF
$306.12 CAD
Cap Rate
7.11%
NOI
$339,746 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.30
Lot Size
1.18 AC
Zoning
Light Industrial
Frontage
554’ on BUTLER ST
Property Taxes
| Parcel Number | 0120-K-00180-0000-00 | Improvements Assessment | $384,218 CAD |
| Land Assessment | $188,016 CAD | Total Assessment | $572,234 CAD |
Property Taxes
Parcel Number
0120-K-00180-0000-00
Land Assessment
$188,016 CAD
Improvements Assessment
$384,218 CAD
Total Assessment
$572,234 CAD
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5770 Butler St
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