4701 Butler StPittsburgh, PA 15201

Property Details for 4701 Butler St

Lot size

1.07 AC

Property type

Office properties

Property subtype

Office buildings

APN

80-P-340

APU

80P340

Description

This exceptional three-story, 18,957-square-foot creative office building in Pittsburgh's desirable Lawrenceville neighborhood presents a unique investment opportunity. Situated on a highly desirable 1.07-acre corner lot (Parcel # 0080-P-00340-0000-00), this property boasts a two-level auditorium, ample office space, and integrated parking. The building features a newly paved surface parking lot with 125 spaces. Zoned LNC (Local Neighborhood Commercial District), it offers adaptive reuse potential or the possibility of new construction. The property includes an income-producing Verizon tower lease. Its prime location provides easy access to public transportation (bus routes 91/93), is just 0.5 miles from the 40th Street Bridge, and offers a Walk Score of 90 ("Walker's Paradise"), placing it within walking distance of numerous shops and restaurants on Butler Street, including La Gourmandine, The Abbey, Walter's BBQ, Lawrence Hall, and Busy Beaver. Furthermore, it's conveniently located 1.5 miles from the Strip District and 3 miles from the David H. Lawrence Convention Center. The property is in the Arsenal and Milliones School District and enjoys green views. This is a rare opportunity to acquire a substantial property in a thriving, highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $9,288,798

  6.5%

  $8,574,275

  7%

  $7,961,826

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,348,924

  Geo Method

  $5,348,924

• Alternative Use

  Use

  Valuation

  Residential

  $10,632,101

  Hospitality

  $9,738,947

  Educational

  $8,102,690

  Medical

  $8,381,354

  Retail

  $12,604,184

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4746

Longitude

-79.9584

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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