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1005 Spring Garden Ave Lot | Terrain commercial | 0,31 ha | À vendre | 1 287 525 € | Pittsburgh, PA 15212
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Significantly below comparable Strip District/Lawrenceville land prices.
- Troy Hill is a desirable, authentic Pittsburgh neighborhood known for its tight-knit community, incredible city vistas, and unique landmarks.
- Immediate access to the historic streets and rising commercial appeal of Deutschtown and the North Side.
- Steps away from local favorites like Threadbare Cider & Mead and the acclaimed Scratch & Co Restaurant.
- Quick access to Route 28, the North Shore, Downtown, and the burgeoning cultural and employment centers of the city.
RÉSUMÉ ANALYTIQUE
The project offers the ultimate flexibility by allowing two distinct product types to mitigate risk while achieving maximum density within all legal constraints.
1. High-Value Apartment Development (0.53-acre NDI): The larger two parcels are zoned for a maximum of 67 apartment units and is poised for a vertical, 3-story design with tuck-under parking, maximizing the site’s 2:1 Floor Area Ratio (FAR).
2. Fee-Simple Townhome Row (0.24-acre R-1A-VH): The adjacent residential land is perfectly suited for a high-end row of 10 fee-simple townhomes (18 feet wide) or 12 fee-simple townhomes (15 feet wide), utilizing recent zoning reforms to create highly desirable, individually-owned units that anchor the new development.
The project offers the ultimate flexibility by allowing two distinct product types to mitigate risk while achieving maximum density within all legal constraints.
Investment Highlights -
Dual Pathway Investment Flexibility
The site offers a critical advantage for managing development risk through a flexible arrangement on the existing industrial structure (parcel 24-F-222):
Path 1: Immediate Development (Termination)
The existing cabinetry business is prepared to terminate its lease based on terms and a timeline agreeable to the new Buyer.
Path 2: Cash-Flowing Land Bank (Continuation)
The business would agree to continue operations and pay rent under a new lease, providing the Buyer with immediate in-place cash flow while development plans, permitting, and financing are finalized.
INFORMATIONS SUR L’IMMEUBLE
1 LOT DISPONIBLE
Lot
| Prix | 1 287 525 € | Surface du lot | 0,31 ha |
| Prix par ha | 4 131 874,66 € |
| Prix | 1 287 525 € |
| Prix par ha | 4 131 874,66 € |
| Surface du lot | 0,31 ha |
.77-acre, 8 parcel redevelopment opportunity in Troy Hill/Spring Garden.
DESCRIPTION
This rare urban land site presents a compelling redevelopment opportunity in Pittsburgh’s historic Troy Hill/Spring Garden Valley neighborhood. Comprising eight contiguous parcels totaling 0.77 acres, the site offers developers a streamlined path to scale without the complexity of individual lot assemblage. Strategically located adjacent to Deutschtown and minutes from the Strip District, Downtown Pittsburgh, and the North Shore, the parcels benefit from exceptional connectivity and walkable access to cultural institutions, restaurants, and parks. Zoned for both single-unit attached residential and mixed-use industrial, the site supports a range of development visions—from luxury townhomes to multi-unit residential buildings. The Neighborhood Industrial District zoning allows for up to 90% lot coverage, zero setbacks, and a 2:1 FAR, enabling efficient density with up to 67 units possible depending on unit size. Meanwhile, the R1A-VH zoning supports townhouse development with minimal setbacks and subdivision potential for up to 12 units. The location’s character blends historic charm with urban vibrancy. Troy Hill offers a tight-knit community, iconic landmarks like St. Anthony’s Chapel, and immersive art installations. Deutschtown complements this with a walkable commercial core, daily conveniences, and cultural draws like the Mattress Factory and Andy Warhol Museum. The site’s proximity to major employment centers and its affordability relative to nearby districts make it a standout investment.
TAXES FONCIÈRES
| N° de parcelle | Évaluation des aménagements | 188 923 € | |
| Évaluation du terrain | 55 707 € | Évaluation totale | 244 630 € |
TAXES FONCIÈRES
Présenté par
1005 Spring Garden Ave
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