272 Alpha DrPittsburgh, PA 15238

Property Details for 272 Alpha Dr

Lot size

1.22 AC

Property type

Office properties

Property subtype

Office buildings

APN

227-S-80

APU

227S80

Description

This exceptional one-story executive office building, situated on a 1.22-acre lot in Allegheny County, offers 6,500 square feet of versatile space. Currently, 6,400 square feet is available for lease, providing a significant opportunity for a single tenant or multiple smaller businesses. The building boasts 24 on-site parking spaces, offering a generous 3.75 spaces per 1,000 square feet. The interior features several private offices, open work areas perfect for collaboration, a dedicated conference room for meetings, a convenient kitchenette, and ample storage space. The lower level, currently finished office space, is at grade at the rear of the building and could be easily adapted to flex space if needed. The property is enhanced by attractive landscaping and pathway lighting, creating a welcoming and professional environment. Modern security features include keyfob entry and a video security system. An iWave air purifier system ensures a healthy and comfortable indoor atmosphere. This property presents a rare opportunity to secure a well-maintained, spacious office building with ample parking in a desirable location. The flexible layout caters to a variety of business needs, making it an ideal choice for companies seeking a comfortable and productive workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $12,139,463

  6.5%

  $11,205,659

  7%

  $10,405,254

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,544,972

  Geo Method

  $10,625,411

• Alternative Use

  Use

  Valuation

  Residential

  $13,895,017

  Hospitality

  $12,727,760

  Educational

  $10,589,347

  Medical

  $10,953,531

  Retail

  $16,472,318

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4935

Longitude

-79.8678

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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