3520 5Th AvePittsburgh, PA 15213

Property Details for 3520 5Th Ave

Lot size

0.14 AC

Property type

Office properties

Property subtype

Office buildings

APN

28-B-82

APU

28B82

Description

The Keystone Building, a seven-story, 32,763-square-foot Class B office building located at 3520 Fifth Avenue in Pittsburgh, Pennsylvania's Oakland neighborhood, presents a rare owner-user opportunity. Built in 1968 with renovations completed in 2018, this single building comprises thirteen units. Currently occupied by the University of Pittsburgh, this property offers significant potential in a thriving market. The building's strategic location within the heart of Oakland places it in close proximity to major institutions, including Carnegie Mellon University, UPMC, and the University of Pittsburgh's main campus. Its adjacency to UPMC Presbyterian Hospital and the ongoing construction of a new, 1.2 million-square-foot UPMC Presbyterian expansion (completion in 2026) further enhances its value and potential for growth. The area is experiencing significant development, including a new 10-story life sciences building under construction nearby, and planned expansions at UPMC Children's Hospital. This combination of established tenants, significant nearby development, and available space makes The Keystone Building an exceptional investment opportunity in one of Pittsburgh's most dynamic and sought-after submarkets, characterized by historically low vacancy rates (2%-4%). The property's location within a strong education, research, and medical corridor, coupled with the presence of high-credit-rated tenants like the University of Pittsburgh and UPMC, contributes to its strong investment profile. This presents a unique chance to acquire a substantial property in a rapidly evolving and high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,302,201

  6.5%

  $1,202,032

  7%

  $1,116,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $938,395

  Geo Method

  $938,395

• Alternative Use

  Use

  Valuation

  Residential

  $1,490,520

  Hospitality

  $1,365,308

  Educational

  $1,135,920

  Medical

  $1,174,986

  Retail

  $1,766,987

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4409

Longitude

-79.9591

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].