The Fort Pitt Brewery Complex
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The Fort Pitt Brewery Complex
2 Properties in Sharpsburg, PA
Investment Highlights
- Two historic, industrial/light manufacturing buildings boasting high occupancy rates
- Located in an emerging district that's received $25M in investments since 2022
- Near-immediate proximity to Route 28, easy access to surrounding submarkets
- Five parking lots offering 200+ spaces in the heart of Sharpsburg
- Occupied by accredited tenants such as Deeplocal, Coverall, and REVELxp
Executive Summary
Colliers is pleased to present the opportunity to acquire the fee simple interest in the Fort Pitt Brewery Complex: a multi-building portfolio consisting of 155,607 square feet of flex space currently 90% occupied with accredited tenants. This investment includes the historic Fort Pitt Brewery building at 1601 Marys Avenue, renovated in 2015 to offer a variety of creatively designed offices and light manufacturing space; the Brewery Workshop Lofts at 1600 Marys Avenue, a high-bay, light industrial makerspace offering loft-style workshops; five parking lots, one of which offers 150+ striped surface spaces; and three single-family homes, acquired for the aforementioned parking provided on their lots. This dynamic opportunity allows for a potential investor to exercise their imagination and implement strategies for continued operations, or reposition the asset to take advantage of this emerging submarket in conjunction with local government and economic development programs.
Investment Highlights:
- 155K+ of flex space occupied by tenants such as Deeplocal, who was acquired by world-renowned advertising agency WPP in 2017
- Parking lots and single-family homes are zoned M: Mixed-Use District, permitting apartment, retail, and mixed-use development opportunities
- Potential investor will be able to capture additional revenue on top of the in-place NOI by leasing remaining vacancies
- Qualified HUBZone: properties are situated in area eligible for U.S. SBA HUBZone program benefits
Investment Highlights:
- 155K+ of flex space occupied by tenants such as Deeplocal, who was acquired by world-renowned advertising agency WPP in 2017
- Parking lots and single-family homes are zoned M: Mixed-Use District, permitting apartment, retail, and mixed-use development opportunities
- Potential investor will be able to capture additional revenue on top of the in-place NOI by leasing remaining vacancies
- Qualified HUBZone: properties are situated in area eligible for U.S. SBA HUBZone program benefits
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 155,500 SF |
| Number of Properties | 2 | Total Land Area | 2.35 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 155,500 SF |
| Total Land Area | 2.35 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Fort Pitt Brewery Building
1601 Marys Ave, Sharpsburg, PA 15215 |
Office | 65,500 SF | 1955 | - |
|
The Brewery Workshop Lofts
1600 Marys Ave, Sharpsburg, PA 15215 |
Industrial | 90,000 SF | 1955 | - |
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Willis Croker -
Bryan McCann -
Matt Reder -
John Bilyak -
Colliers
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