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Redevelopment Hotel Opportunity! 635-641 Smithfield St 35,600 SF 100% Leased Office Building Pittsburgh, PA 15222 $4,758,250 CAD ($133.66 CAD/SF)
Executive Summary
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the Smithfield Street Redevelopment Site (“Property”), located at 635-641 Smithfield St, Pittsburgh, PA 15222. The Smithfield Street Redevelopment is ideally located at a prime location in downtown Pittsburgh, PA in-between the cultural district, convention center and central business district, plus it’s directly adjacent to a public parking garage. The Developer has the former Smithfield Café buildings completely redesigned and permitted as a mixed-use redevelopment consisting of 42 or 65 extended-stay units and over 4,515 square feet of retail.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
35,600 SF
Building Class
C
Year Built/Renovated
1895/1985
Price
$4,758,250 CAD
Price Per SF
$133.66 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
4,200 SF
Slab To Slab
12’
Building FAR
5.45
Lot Size
0.15 AC
Zoning
GT-A
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0002-A-00046-0000-00 | Improvements Assessment | $563,726 CAD |
| Land Assessment | $1,175,022 CAD | Total Assessment | $1,738,748 CAD |
Property Taxes
Parcel Number
0002-A-00046-0000-00
Land Assessment
$1,175,022 CAD
Improvements Assessment
$563,726 CAD
Total Assessment
$1,738,748 CAD
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Redevelopment Hotel Opportunity! | 635-641 Smithfield St
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