230 Third Ave - Office FOR SALE


Pittsburgh, PA 15222- The Point
$2,300,000 USD
412-867-9899
230 Third Ave, Pittsburgh, PA for Sale
$2,300,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

230 Third Ave
Pittsburgh, PA 15222
The Point


OVERVIEW

CBRE, as exclusive agent for the owner, is pleased to offer qualified investors the opportunity to acquire 230 Third Avenue (the “Property”), a 5 story, +/- 51,200 SF vacant building located in the heart of Pittsburgh’s Central Business District with direct proximity to the Market Square retail area. Originally constructed as part of the Pittsburgh Renaissance II, the Property presents a unique opportunity to acquire an asset poised for redevelopment. Currently configured as an office building, the Property will be conveyed completely vacant and is prime for redevelopment to a number of alternative uses, including multifamily, hotel or short-term rental. Supporting the redevelopment optionality, the Property has 2 center-core elevators (2,500 lb capacity each), 2 stairwells and 9 integral parking spaces. 230 Third Avenue is located in the heart of downtown Pittsburgh on the edge of Market Square, a main focal point of the central business district with numerous restaurants, retailers and amenities. The site is immediate proximate to Point Park University, a private institution offering over 70 majors to undergraduates and graduates. Further south is Point State Park, a 36 acre state park punctuated by the fountain at the confluence of the Allegheny and Monongahela rivers to form the Ohio river.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$45 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Patterson Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

-

APN/PARCEL ID

0001-H-00118-0000-00

ASK ABOUT THIS PROPERTY

412-867-9899

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412-867-9899

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