1911 Watson Street

Street in the Uptown neighborhood of Pittsburgh, offered for sale at $1,180,820 ($85/SF). The
assemblage totals approximately 13,892 square feet (0.32 acres) and is positioned between
the Fifth and Forbes Avenue corridors, the primary transit and development corridor connecting
Downtown Pittsburgh and Oakland. The parcels combine into a mostly regular-shaped, throughblock
site with approximately 115 feet of frontage on Fifth Avenue and additional frontage on Watson
Street. The site is currently a paved surface parking lot, providing a clean, cleared development pad
with no demolition required.
The property is zoned UPR-B (Uptown Public Realm Subdistrict B - Residential Core), which
is intended to encourage a range of residential types and appropriately scaled infill development,
with office, retail, restaurant, grocery, and laboratory/research uses also permitted by right. The
site is located within walking distance of Duquesne University, UPMC Mercy, and PPG Paints
Arena, and provides direct transit access between Downtown, Uptown, Oakland, and surrounding
neighborhoods. The subject property lies within Federal Opportunity Zone #42-003-010300, offering
investors the potential for capital gains tax deferral and other associated tax benefits.
This offering presents an opportunity to develop market rate or student housing on a cleared, rightsized
urban infill site in a growing submarket. The site sits among several recent and planned
residential projects along Fifth Avenue, and its proximity to Duquesne University, UPMC Mercy, and
Downtown Pittsburgh creates natural demand from student and young professional renters.

Available