1312 Federal StPittsburgh, PA 15212

Property Details for 1312 Federal St

Lot size

0.04 AC

Property type

Healthcare properties

Property subtype

Medical offices

APN

23-L-127

APU

23L127

Description

This exceptional opportunity presents a 4,600 square foot medical office space for lease at 1312-1314 Federal Street in Pittsburgh, Pennsylvania's Northside. The property consists of two connected buildings, totaling 4,600 square feet on a 3,885 square foot lot in Allegheny County. One building, 1312 Federal Street, is a newer construction featuring three floors, each approximately 1200 square feet. The second building, 1314 Federal Street, offers 1,000 square feet on the first floor, currently configured with executive offices. Importantly, the entire 4,600 square feet is currently vacant, presenting a unique chance for a single tenant to occupy both buildings. The property is a single-tenant space with no elevator. A tenant improvement allowance is available to customize the space to meet the needs of the new occupant, reflecting the previous tenant's long-term occupancy. This high-visibility location on a heavily trafficked street offers excellent signage opportunities. The lease is a net lease structure, with the tenant responsible for utilities, cleaning, maintenance, and a proportionate share of taxes and insurance. This presents a rare chance to establish a prominent medical practice in a desirable Pittsburgh neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $365,711

  6.5%

  $337,579

  7%

  $313,466

• Comparable approach

  Method

  Valuation

  Relative Method

  $179,877

  Geo Method

  $179,877

• Alternative Use

  Use

  Valuation

  Residential

  $418,598

  Hospitality

  $383,434

  Educational

  $319,012

  Medical

  $329,984

  Retail

  $496,241

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4571

Longitude

-80.0068

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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