501 Grant StPittsburgh, PA 15219

Property Details for 501 Grant St

Lot size

1.16 AC

Property type

Office properties

Property subtype

Office buildings

APN

2-E-184-A

APU

2E184A

Description

This exceptional sublease opportunity presents 12,107 rentable square feet of traditional office space at 501 Grant Street in Pittsburgh, Pennsylvania. Located in Allegheny County, zip code 15219, this single-tenant space is ideally situated for businesses seeking a prominent presence in the city. The current lease term expires October 31, 2028, offering a substantial remaining lease period. The attractive rental rate is $29.50 per rentable square foot, full service. This translates to a cost-effective solution for businesses seeking immediate occupancy. The space is move-in ready, with existing furniture available for purchase or lease, providing a seamless transition for relocating companies. The property's address is 501 Grant Street, offering excellent visibility and accessibility. This sublease presents a unique chance to secure high-quality office space in a desirable Pittsburgh location at a competitive price point, with a significant remaining lease term. Interested parties should act quickly to secure this exceptional opportunity. The property is classified as a traditional office space and is easily accessible via major transportation routes. The building is located at 40.4398385 latitude and -79.996771 longitude.

• CAP approach

  CAP return

  Valuation

  6%

  $9,584,927

  6.5%

  $8,847,625

  7%

  $8,215,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,714,416

  Geo Method

  $4,714,416

• Alternative Use

  Use

  Valuation

  Residential

  $10,971,055

  Hospitality

  $10,049,428

  Educational

  $8,361,006

  Medical

  $8,648,554

  Retail

  $13,006,009

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4399

Longitude

-79.997

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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