16020 Perry HwyWarrendale, PA 15086

Property Details for 16020 Perry Hwy

Lot size

0.66 AC

Property type

Office buildings

APN

1999-J-21

APU

1999J21

Description

This exceptional 5,400 square foot office building, located at 16020 Perry Highway in Warrendale, Pennsylvania, presents a unique investment opportunity. Priced at $1,150,000 ($212.96 per square foot), this property offers a blend of executive and traditional office space, ideal for a variety of businesses. Situated on a 0.657-acre lot with permitted C zoning, the building boasts a newly renovated roof and updated HVAC systems (both within the last three years), ensuring efficient and comfortable operation. The building's layout includes a bright, open foyer, reception area, two conference rooms, seven offices on the first floor (approximately 3,000 square feet), and eight additional spacious offices, a copy/workroom, and a second conference room on the second floor (approximately 2,200 square feet). A kitchenette and lunchroom are also conveniently located within the building. The property benefits from excellent visibility on Route 19, easy access via a signalized intersection at Shenot Road and rear entry via Northgate Drive, and convenient right-in/right-out access from Perry Highway. Ample, recently re-blacktopped parking is available, and the location offers proximity to Interstates 76 and 79, providing convenient access to major transportation routes. The building has been meticulously maintained and occupied by the same tenant for nearly two decades, demonstrating its enduring appeal and suitability for long-term occupancy. For the right tenant, the owner is open to subdividing the building.

• CAP approach

  CAP return

  Valuation

  6%

  $5,446,673

  6.5%

  $5,027,698

  7%

  $4,668,577

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,678,986

  Geo Method

  $2,678,986

• Alternative Use

  Use

  Valuation

  Residential

  $6,234,346

  Hospitality

  $5,710,627

  Educational

  $4,751,175

  Medical

  $4,914,575

  Retail

  $7,390,716

Location Insight

City

Warrendale

County

Allegheny

State

Pennsylvania

Latitude

40.6509

Longitude

-80.0794

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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