Strip District Warehouse
1601 Liberty Ave Pittsburgh, PA
1601 Liberty Ave, Pittsburgh, PA, 00000
Contact for pricing
For Sale
Contact for pricing
31,500 SF warehouse space in Pittsburgh's Strip District.
Property Size31,500 SF
Lot Size0.77 Acres
Price / SF$126.67
Days on Market395
Property Features for 1601 Liberty Ave
General Information
- Standard status
- Active
- Size
- 31,500 SF
- Lot size
- 0.77 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
BHHS - The Preferred Realty | Mt. Lebanon
(412) 584-8081
Listed by
Alex Dini
(412) 584-8081
Source
Moodyscre
Added: Jun 19, 2025 Checked: Jul 17 at 6:08 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS - The Preferred Realty | Mt. Lebanon
Investment Insights
Based on property information with market context.
This 31,500 square foot building is located in the heart of Pittsburgh's Strip District, offering high visibility on one of downtown's main thoroughfares. The property includes approximately 7,000 square feet of reception and office space. A 16,200 square foot space, formerly occupied for 25 years, faces Liberty Avenue on the 17th Street side, comprising approximately 15,000 square feet of warehouse space and 1,200 square feet of office space. The warehouse features 18-foot high ceilings. There are two 10-foot high loading docks on the 16th Street side and three more on the Liberty Avenue side at 17th Street, along with seven 10-foot high garage doors and two 14-foot high garage doors. The property also includes four overhead gas heaters and an extensive parking and loading area on the Liberty Avenue side. A 10-car integral garage on the 17th Street side is currently leased on a month-to-month basis. The location provides quick and easy access to Interstates 376, 279, 579, and I-79, facilitating travel in all directions.
Key Highlights
- Prime location in the heart of Pittsburgh's Strip District with high visibility.
- Substantial total space of approximately 31,500 sq ft, including nearly 7,000 sq ft of reception and office space.
- Large 16,200 sq ft vacant space, previously occupied for 25 years.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $268.4k | $8.52 |
| − Vacancy | −$14.2k | −$0.45 |
| EGI | $254.2k | $8.07 |
| − OpEx | −$38.1k | −$1.21 |
| NOI | $216.0k | $6.86 |
31,500 SF · lease $8.52/SF/yr · vacancy 5.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.09M
$2.70M – $3.60M
NOI $216,032 @ 7.0% cap · market cap 5.41%
Second Best
Industrial
$2.54M
$2.22M – $2.97M
NOI $177,909 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$10.03M
$8.78M – $11.70M
NOI $702,245 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sheewa Thai Massage
Alternative Medicine Practice
PLCB LIQUOR STORE
Department Store
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Similar Off Market Nearby
- Shi Inc — Pittsburgh, PA 15219
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- City Center Self Storage — 80 S 4th St, Pittsburgh, PA 15219
- Bounce Luggage Storage - Downtown Pittsburgh — 443 Wood St, Pittsburgh, PA 15222
- Self Storage — 301 fifth ave, pittsburgh, pa 15222
FAQs
What type of property is this?
Warehouse - 31,500 SF warehouse space in Pittsburgh's Strip District.
Where is this warehouse located?
The property is located at 1601 Liberty Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Prime location in the heart of Pittsburgh's Strip District with high visibility.; Substantial total space of approximately 31,500 sq ft, including nearly 7,000 sq ft of reception and office space.; Large 16,200 sq ft vacant space, previously occupied for 25 years.
