341 4Th AvePittsburgh, PA 15222

Property Details for 341 4Th Ave

Lot size

0.13 AC

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

1-H-309

APU

1H309

Description

This exceptional 18,800-square-foot industrial property, situated on a 0.75-acre lot in Multnomah County's Gateway submarket (Northeast cluster), presents a unique investment opportunity. The building, constructed in 1957 and classified as Class B, offers a single-tenant occupancy configuration with the entire space currently vacant. The property boasts a substantial 18-foot ceiling height, ideal for various manufacturing and distribution operations. Power is provided by a robust 400-amp, 3-phase system. The property includes 2,500 square feet of office space, enhancing its functionality. Ample parking is available within a fenced and paved area. Its strategic location provides easy access to major transportation arteries, including Interstates 84, 205, and 5, offering excellent interstate exposure and convenient logistics. The property is zoned EG2 and its APN is R227381. This property is perfect for a business seeking a well-located, spacious facility with immediate occupancy. The property is available for sale and lease, commencing July 1st, 2025.

• CAP approach

  CAP return

  Valuation

  6%

  $1,284,038

  6.5%

  $1,185,266

  7%

  $1,100,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $789,454

  Geo Method

  $789,454

• Alternative Use

  Use

  Valuation

  Residential

  $1,185,266

  Hospitality

  $1,085,697

  Educational

  $903,287

  Medical

  $934,353

  Retail

  $1,405,114

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.439

Longitude

-79.9998

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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