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    1940 5Th Ave, Unit Downtown Pgh, PA 15219

    For Sale
    $3,000,000

    Office - Downtown Pgh, PA

    Type:Office
    Lot size:
    0.12 Acres
    Days on Market:
    163
    Last Refresh:
    Dec 9 at 3:06 pm

    Property Features for 1940 5Th Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Comm
    Parking
    15
    Lot size
    0.12 Acres

    Building Details

    Year built
    1900
    Building materials
    Brick
    Architectural style
    Other

    RE/MAX Home Center (724) 260-5686 [email protected]

    Listing agent Brian Schmidt (724) 260-5686

    Listing date Jun 30, 2025

    MLS# 1708110 Listing URL

    Copyright © 2025 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Office Building in Pittsburgh

    This updated office building is located in one of Pittsburgh's 28 designated Opportunity Zones. Situated in the Uptown area, it lies between Downtown Pittsburgh and the medical, educational, and cultural center of Oakland, which includes Carnegie Mellon University and the University of Pittsburgh. The building features attractive spaces and amenities, including private parking that could be expanded for additional revenue. The property's location within the Keystone Innovation Zone provides tax benefits to startup companies, making it attractive to tenants. The lot size is 0.12 acres.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.977796
    Latitude
    40.438028

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    FAQs

    What type of property is this?
    Office building - Income-producing office building in Pittsburgh's Opportunity Zone.
    Where is this office building located?
    The property is located at 1940 5Th Ave, Unit Downtown Pgh, PA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Income-producing office building in a Pittsburgh Opportunity Zone.; - Completely updated and requires no additional work.; - Located between Downtown Pittsburgh and Oakland's universities and medical centers.
    (724) 260-5686
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1940 5Th Ave, Unit Downtown Pgh, PA 15219
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