5884 Ellsworth Ave, Shadyside, PA 15232
sale
$825,000
|
Other
Courtesy Of Coldwell Banker Real Estate Services
**RARE INVESTMENT OPPORTUNITY IN THE HEART OF SHADYSIDE!** 5884 Ellsworth Avenue is a truly unique two-building, three-unit mixed-use property offering an exceptional combination of established rental income, commercial potential, and long-term value in one of Pittsburgh's most desirable neighborhoods. The property features a successful history of continuous tenancy and three distinct income-producing spaces. The first-floor commercial space is a well-known cafe/restaurant location with a long history of successful operators, including the former Con Alma Jazz Restaurant. The space was most recently leased for **$4,000/month** and offers an established restaurant layout, approximately 30 indoor seats, a beautifully landscaped outdoor patio, mature gardens, and a distinctive koi pond-creating a highly desirable setting for a restaurant, cafe, bar, or other commercial concept. The main building also includes a unique residential/live-work space that has been home to **Photo Forum Photography Art Gallery for 42 years**, providing an established presence and history within the Shadyside community. The upper levels offer exceptional flexibility for residential, gallery, studio, or owner-user possibilities, with additional outdoor space including private decks and a rooftop terrace with panoramic views. A separate **two-bedroom house** sits at the rear of the property with its own private entrance from the back alley, providing an additional, distinctly separated residential income stream. This house has been rented for the past three years at **$1,950/month**. The property's three-unit configuration creates multiple avenues for an investor to generate income, while the currently vacant restaurant space presents an immediate opportunity to secure a new commercial tenant and increase overall revenue. All three spaces had been continuously rented prior to the restaurant vacancy. Located in the heart of Shadyside along the vibrant Ellsworth Avenue corridor, the property benefits from exceptional walkability, strong visibility, established neighboring businesses, and proximity to shopping, dining, entertainment, universities, hospitals, and major employment centers. With a proven rental history, multiple income streams, a highly recognizable commercial component, and significant owner-user flexibility, **5884 Ellsworth Avenue is an extraordinary investment opportunity that is difficult to duplicate.**
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Property Features
- Age: Over 50 Years Old
- Exterior Type: Brick
- MLSID: 1757820
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