200 1St AvePittsburgh, PA 15222

Property Details for 200 1St Ave

Lot size

0.24 AC

Property type

Office properties

Property subtype

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

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