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1801 Blvd Of The AlliesPittsburgh, PA 15219

12,755 SF, Multiple Uses, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 12,755-square-foot property at 1801 Boulevard of the Allies in Pittsburgh, Pennsylvania, presents a unique investment opportunity. Currently vacant, this Class C building sits on a 0.22-acre lot and offers immense potential for redevelopment. The property's zoning, UPR - B | Residential Core, allows for diverse uses, including creative office, coworking, executive office, medical office, traditional office, multifamily, and redevelopment. Its strategic location in Allegheny County, zip code 15219, places it within walking distance of PPG Paints Arena and the First National Bank Tower, providing easy access to downtown's financial district. Furthermore, the property benefits from its proximity to UPMC's new $500 million Mercy Campus, a 410,000-square-foot facility featuring over 100,000 square feet of research space, poised to significantly impact the surrounding area. This location offers the potential for substantial future growth and value appreciation. The property's versatility allows for various development scenarios, such as converting the existing structure into modern office spaces, coworking suites, student housing, or luxury apartments. The ample land provides opportunities for additional development, including parking facilities. This property is situated in a Qualified Opportunity Zone, offering potential tax advantages for investors. The building is currently entirely vacant, providing a blank canvas for a new owner's vision.

Highlights

  • 12,755 SF vacant Class C building on a 0.22-acre lot in Pittsburgh's central business district.
  • Qualified Opportunity Zone property offering significant tax advantages.
  • Redevelopment opportunity steps from UPMC's new $500 million Mercy Campus.
  • UPR-B | Residential Core zoning allows for diverse uses including office, multifamily, and other redevelopment options.
  • Prime location near PPG Paints Arena and First National Bank Tower.

Property Details for 1801 Blvd Of The Allies

Property type
Specialty properties, Retail properties
RSF (Rentable sq. ft)
12,755 SF
Class
C

Unit(s) available at that property

Space
Available Space
Size
12,755 SF

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.4358992
Longitude
-79.9813023
1801 Blvd Of The Allies, Pittsburgh, Pennsylvania

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1801 Blvd Of The Allies
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