1208 Grandview AvePittsburgh, PA 15211

Property Details for 1208 Grandview Ave

Lot size

0.09 AC

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

6-M-6

APU

6M6

Description

This exceptional three-story building, located at 1208 Grandview Avenue in Pittsburgh, Pennsylvania, presents a unique investment opportunity. Built in 1929 and extensively renovated in 2016, this 5,400 square foot property boasts a prime location offering unobstructed city views from all three floors. The building is zoned GPRC and sits on a 0.09-acre lot (APN 6-M-6). Recent improvements include a new elevator, updated building systems, a refaced façade, and a complete sprinkler system. The property is also roughed-in for electric and plumbing, providing flexibility for a variety of uses. The building is divisible into 1,800 square foot sections per floor, making it ideal for multiple tenants or a single large user. Its adaptable layout is suitable for a restaurant, executive office space, or even conversion to residential or condominium units. The building's historic charm, combined with its modern amenities and panoramic views of the city from three sides, makes it a truly remarkable property. This is a blank canvas for a creative entrepreneur or investor seeking a high-profile location in a vibrant Pittsburgh neighborhood. The property's strategic location in Allegheny County, zip code 15211, offers unparalleled access to the city's amenities and attractions.

• CAP approach

  CAP return

  Valuation

  6%

  $943,279

  6.5%

  $870,719

  7%

  $808,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $579,948

  Geo Method

  $579,948

• Alternative Use

  Use

  Valuation

  Residential

  $870,719

  Hospitality

  $797,574

  Educational

  $663,572

  Medical

  $686,393

  Retail

  $1,032,223

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4381

Longitude

-80.0184

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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