200 1St AvePittsburgh, PA 15222

Property Details for 200 1St Ave

Lot size

0.24 AC

Property type

Office buildings

APN

1-L-8

APU

1L8

Description

The Waterfront Building, located at 200 First Avenue in Pittsburgh's Central Business District, offers exceptional office space for lease. This four-story, Class B building, originally constructed in 1880 and renovated in 1984, boasts a total of 53,490 square feet. Currently, there are 13,000 square feet of vacant space available, divisible into units ranging from 3,156 to a maximum contiguous 6,512 square feet. The building features an elevator and is situated on a sizable 435,600 square foot lot. Enjoy abundant natural light and breathtaking waterfront views from a private balcony. The property's prime location within the Golden Triangle District (GTD) offers unparalleled convenience, with easy access to major highways (I-376 and I-279), public transportation, and popular destinations like Market Square and Station Square. Numerous parking options are available nearby. The Allegheny County property, zoned for commercial use (APN: 0001-L-00008-0000-00), presents a unique opportunity for businesses seeking a prestigious and well-located office space in the heart of Pittsburgh. This is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,994,197

  6.5%

  $1,840,798

  7%

  $1,709,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $980,860

  Geo Method

  $980,860

• Alternative Use

  Use

  Valuation

  Residential

  $2,282,589

  Hospitality

  $2,090,839

  Educational

  $1,739,554

  Medical

  $1,799,380

  Retail

  $2,705,972

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4382

Longitude

-80.0037

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].