Two-Story Office
New
For Sale
$1,500,000
1700 Forbes Ave, Pittsburgh, PA 15219
SINGLE_FAMILY - Pittsburgh, PA
Property Size5,000 SF
Lot Size0.07 Acres
Price / SF$300
Days on Market2
Property Features for 1700 Forbes Ave
General Information
Property type
Residential
Property subtype
Office
Zoning
Comme
Zoning description
Comme
Directions
Use GPS.
Subdivision
Downtown Pgh
Standard status
Active
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
3787
Listing Agency:
COLDWELL BANKER REALTY · Coldwell Banker Real Estate
(412) 963-7655
Listed By:
Robert Strohm · License #RS189629
(412) 963-7655
Added: Aug 3
Last Checked: Aug 4 at 1:06AM
MLS# 1768008
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 5,000-square-foot office building occupies a 0.0706-acre parcel and is arranged across two stories. The property includes a paved parking area enclosed by fencing, providing dedicated on-site parking for the building.
Located at 1700 Forbes Ave in Pittsburgh, the property is adjacent to the Duquesne University campus and minutes from UPMC Mercy. Its Opportunity Zone designation may support potential tax incentives related to capital gains. The site is positioned within Uptown, described as a connector between Downtown and Oakland, placing the office asset within a university- and medical-oriented setting.
Located at 1700 Forbes Ave in Pittsburgh, the property is adjacent to the Duquesne University campus and minutes from UPMC Mercy. Its Opportunity Zone designation may support potential tax incentives related to capital gains. The site is positioned within Uptown, described as a connector between Downtown and Oakland, placing the office asset within a university- and medical-oriented setting.
Key Highlights
- 5,000‑square‑foot office building with a two‑story configuration
- Paved, fenced parking lot included on the property
- 0.0706‑acre parcel at 1700 Forbes Ave, Pittsburgh, PA 15219
Financial Insights For Office B
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 | $112.8k | $22.56 |
| − Vacancy | −$27.6k | −$5.53 |
| EGI | $85.2k | $17.03 |
| − OpEx | −$21.3k | −$4.26 |
| NOI | $63.9k | $12.77 |
5,000 SF · lease $22.56/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$912.5K
$798.4K – $1.06M
NOI $63,873 @ 7.0% cap · market cap 4.26%
Second Best
Healthcare Medical
$865.5K
$757.4K – $1.01M
NOI $60,588 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,468 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 15219, PA
10,949
Population
7,139
Households
1.5
Avg Household Size
37
Median Age
35%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
4,977
Density / Sq Mi
$32,403
Median Household Income
$35,540
Median Earnings
$894
Median Rent
$193,100
Median Home Value
Market
Vacancy Rate% for Office in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial office property with a paved, fenced parking lot.
Where is this office building located?
The property is located at 1700 Forbes Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,000‑square‑foot office building with a two‑story configuration; Paved, fenced parking lot included on the property; 0.0706‑acre parcel at 1700 Forbes Ave, Pittsburgh, PA 15219
