308 7Th AvePittsburgh, PA 15222

Property Details for 308 7Th Ave

Lot size

0.05 AC

Property type

Office buildings

APN

2-A-38

APU

2A38

Description

This four-story, 18,000-square-foot Class B office building in Pittsburgh's Central Business District (CBD) is available for $650,000. Built in 1900 and recently renovated, the property sits on a 0.11-acre lot and features a vacant tenancy, offering significant potential for owner-users or investors. The building's permitted zoning is GT-A. With its prime location in Allegheny County, PA, 15222, this fee-simple property offers unparalleled access to major businesses, cultural attractions, and transportation hubs. The recent renovations ensure a move-in ready condition, equipped with modern amenities. Its flexible layout allows for diverse uses, from traditional office space to potential adaptive reuse. The property's historic charm blends seamlessly with modern conveniences, presenting a unique investment opportunity in a thriving urban core. The building's 18,000 square feet of net rentable space is priced at $36.11 per square foot. This is an excellent candidate for the URA Downtown Pittsburgh Conversion Program funding. The property's APN is 0002-A-00038-0000-00.

• CAP approach

  CAP return

  Valuation

  6%

  $427,899

  6.5%

  $394,983

  7%

  $366,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $210,465

  Geo Method

  $210,465

• Alternative Use

  Use

  Valuation

  Residential

  $489,779

  Hospitality

  $448,635

  Educational

  $373,259

  Medical

  $386,096

  Retail

  $580,625

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4427

Longitude

-79.9973

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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