575 Epsilon DrPittsburgh, PA 15238

Property Details for 575 Epsilon Dr

Lot size

7.50 AC

Property type

Office buildings

APN

227-F-90

APU

227F90

Description

This exceptional 94,567 square foot Class B office building, constructed in 1974 and renovated in 1996, presents a unique opportunity in the Northeast Pittsburgh submarket. The property features a single, two-story building situated on a 7.5-acre lot, offering a full floor of 41,567 contiguous square feet of vacant flex office space on the second floor. This expansive space boasts an open floor plan with perimeter offices, creating a versatile layout suitable for a variety of businesses. The building also includes a cafeteria with serving stations, ensuring convenient employee amenities. Natural light floods the space, enhancing the overall work environment. Potential access to loading docks is available, adding to the property's functionality. A dedicated generator provides power to the second floor, ensuring business continuity. Ample parking is provided at a generous ratio of 5 spaces per 1,000 square feet, totaling 567 spaces. The property's convenient location offers easy access to public transportation, Route 28, and the Pennsylvania Turnpike, providing excellent connectivity. The minimum divisible space is 8,000 square feet, allowing for flexibility in tenant requirements. The property is zoned IP and has an APN of 0227-F-00090-0000-00. This is a rare opportunity to secure a substantial, well-maintained flex office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $74,628,368

  6.5%

  $68,887,728

  7%

  $63,967,176

• Comparable approach

  Method

  Valuation

  Relative Method

  $52,531,736

  Geo Method

  $65,320,400

• Alternative Use

  Use

  Valuation

  Residential

  $85,420,784

  Hospitality

  $78,244,976

  Educational

  $65,098,904

  Medical

  $67,337,752

  Retail

  $101,264,960

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4961

Longitude

-79.8773

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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