100 1St AvePittsburgh, PA 15222

Property Details for 100 1St Ave

Lot size

0.23 AC

Property type

Office properties

Property subtype

Office buildings

APN

1-G-217

APU

1G217

Description

This exceptional 79,599 square foot Class B office building, located at 100 First Avenue in Pittsburgh's Central Business District (CBD), offers a unique blend of coworking, traditional, and creative office spaces. Built in 1902 and renovated in 2015, this eleven-story building sits on 11,326 acres of land and features one suite with a minimum divisible space of 250 square feet. Currently, 250 square feet of vacant space is available. The property boasts convenient access to PPG Paints Arena, Market Square, the Courthouse, and Point Park University. Building amenities include 24/7 access and a fitness facility complete with lockers and showers. Utilities, cleaning, and internet are included in the rent. Property taxes are $1.20 per square foot. The building includes elevators. This is an excellent opportunity for businesses seeking a prime location in the heart of Pittsburgh. The APN is 0001-G-00217-0000-00.

• CAP approach

  CAP return

  Valuation

  6%

  $1,872,674

  6.5%

  $1,728,622

  7%

  $1,605,149

• Comparable approach

  Method

  Valuation

  Relative Method

  $921,088

  Geo Method

  $921,088

• Alternative Use

  Use

  Valuation

  Residential

  $2,143,492

  Hospitality

  $1,963,427

  Educational

  $1,633,548

  Medical

  $1,689,728

  Retail

  $2,541,075

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4384

Longitude

-80.0043

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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