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4-10 Alpine Ave - Alpine Townhomes Development

0.3 Acres of Residential Land Offered at $530,000 in Pittsburgh, PA 15212

Investment Highlights

  • Ideal opportunity for an owner-operator or developer
  • Fantastic location in the Mexican War streets area of the Central Northside.
  • Great development project in the vacant lots in the Mexican War Street (all Architectural plans are approved).

Executive Summary

Project Description: Premium Townhome Development Opportunity
Overview:
Presenting an exceptional development project comprising four townhomes (approved plans), strategically located in a thriving community. The project has successfully completed the first phase, with footing and foundation already in place, providing a solid start for prospective investors. This is a unique opportunity to capitalize on the growing demand for quality housing in a desirable area.
Location:
The site is situated in a highly sought-after neighborhood known for its family-friendly atmosphere, excellent schools, and convenient access to amenities, including shopping centers, parks, and public transportation. This strategic location not only enhances the appeal of the townhomes but also offers significant upside potential as the area continues to develop and attract new residents. A wonderful chance to invest in a stabilized and upcoming great Central northside location!
The property is located in the Mexican War streets area of the Central Northside. Just a short walk to Carnegie Library, AGH, PNC Park/ local parks, Heinz Field, Allegheny General Hospital and Western Ave nightlife.

Project Status:
- Phase Completed: Footing and foundation installed, ensuring a strong structural base.
- Design Plans: Architecturally appealing designs are available for four spacious townhomes, each featuring modern layouts, high-quality finishes, parking garage and large living spaces.
- Permits: All necessary permits have been acquired, streamlining the transition to the next phases of construction.
Upside Potential:
The demand for townhome living is on the rise, especially in communities that offer a blend of urban convenience and suburban tranquility. The completed groundwork allows for expedited construction, positioning this project for a quicker return on investment. Additionally, as the local market continues to appreciate, the resale value of these townhomes is expected to increase significantly.
Investment Highlights:
- Established groundwork reduces overall project risk and timeline.
- Strong local market dynamics driving demand for housing.
- Additional value-add opportunities through customization and upgrades.
- Potential for significant appreciation as the area develops further.
Conclusion:
This townhome development project presents a rare chance for investors to enter a burgeoning market with a partially completed, well-positioned project. With the groundwork laid and the potential for substantial returns, this opportunity is not to be missed for those looking to make an impactful investment in real estate. Contact us today for more details and to schedule a site visit.

Attachments

Alpine Townhomes

Property Facts

Price $530,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.30 AC

1 Lot Available

Lot

Price $530,000
Price Per AC $1,766,667
Lot Size 0.30 AC

The property is located in the Mexican War streets area of the Central Northside. Approved plans.

Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0023-F-00188-0000-00
Land Assessment
$18,400
Improvements Assessment
$422,600
Total Assessment
$441,000

zoning

Zoning Code R1AVH (Vacant Land)
R1AVH (Vacant Land)
  • Listing ID: 29878935

  • Date on Market: 10/25/2023

  • Last Updated:

  • Address: 4-10 Alpine Ave, Pittsburgh, PA 15212

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