4725 Mcknight RdPittsburgh, PA 15237

Property Details for 4725 Mcknight Rd

Lot size

2.15 AC

Property type

Office properties

Property subtype

Office buildings

APN

281-C-99

APU

281C99

Description

Northland Plaza 2 offers exceptional medical office space in the thriving North Pittsburgh submarket of Allegheny County. This Class B building, constructed in 1967, features a total of 17,246 square feet across two stories. The property boasts ample free parking (3 spaces per 1,000 square feet), a significant advantage for both patients and staff. Currently, there are two available suites: a 1,938 square foot suite (Suite A218) and an 800 square foot suite (Suite A206), both located on the second floor. The minimum divisible space is 800 square feet, with a maximum contiguous space of 1,938 square feet. The total vacant space amounts to 2,738 square feet. The property is zoned Commercial (APN: 0281-G-00360-0000-00) and benefits from excellent visibility and signage opportunities on McKnight Road, a major thoroughfare with a high average daily traffic count of 42,967 vehicles. Its convenient location provides easy access to Interstate 279 and Downtown Pittsburgh, as well as a wealth of nearby retail and dining options. This multi-tenant building presents a fantastic opportunity for medical professionals seeking established space in a desirable location. The property is an existing medical office building, ensuring a seamless transition for new tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $17,801,910

  6.5%

  $16,432,533

  7%

  $15,258,781

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,755,999

  Geo Method

  $8,755,999

• Alternative Use

  Use

  Valuation

  Residential

  $20,376,340

  Hospitality

  $18,664,618

  Educational

  $15,528,744

  Medical

  $16,062,801

  Retail

  $24,155,824

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.5186

Longitude

-80.0055

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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