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5770 Butler St 15,600 sq ft 100% Let Retail Property Pittsburgh, PA 15201 £2,615,585 (£167.67/sq ft) 7.11% Net Initial Yield
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
Shopfront Retail / Office
Property Size
15,600 sq ft
Costar Property Class
C
Year Built
1935
Price
£2,615,585
Price per sq ft
£167.67
Yield
7.11%
NOI
£186,085
Occupancy Rate
100%
Number of Floors
1
Plot ratio
0.30
Total Plot Size
1.18 ac
Use Class
Light Industrial
Frontage
554 ft on BUTLER ST
PROPERTY TAXES
| Parcel Number | 0120-K-00180-0000-00 | Improvements Assessment | £210,541 |
| Land Assessment | £103,028 | Total Assessment | £313,569 |
PROPERTY TAXES
Parcel Number
0120-K-00180-0000-00
Land Assessment
£103,028
Improvements Assessment
£210,541
Total Assessment
£313,569
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5770 Butler St
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