Flex Space with Fenced Dedicated
207 16th Street, Pittsburgh, PA 15222
For Sale
Contact for pricing
Versatile light industrial flex space with fenced dedicated parking at a prominent Strip District intersection.
Property Size7,100 SF
Price / SF$91.24
Days on Market109
Property Features for 207 16th Street
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Road Access
Fenced Yard
Building Details
Year Built
Buildings
Building Size
Listing Agency:
JLL - Pittsburgh, Pennsylvania
Listed By:
Ross Langford · License #PA
Source:
Crexi
Added: Jul 23
Changed: Nov 7
Last Checked: Nov 6 at 5:16AM
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 JLL - Pittsburgh, Pennsylvania
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Jones Lang LaSalle (JLL) presents the opportunity to purchase the fee simple real estate at 207 16th Street in Pittsburgh’s Strip District. The property is a 7,100 SF versatile light industrial commercial space built in 1996.
Located at the intersection of the 16th Street Bridge and Penn Avenue, the site is positioned for convenient access and strong visibility. The property includes its own fenced-in dedicated parking field, offering flexible on-site operations for light industrial users as well as adaptive retail and service-oriented businesses.
For buyers seeking a fee simple flex-style footprint, the combination of a versatile interior configuration and dedicated fenced parking supports multiple non-residential operating models within the light industrial and service-use spectrum.
Located at the intersection of the 16th Street Bridge and Penn Avenue, the site is positioned for convenient access and strong visibility. The property includes its own fenced-in dedicated parking field, offering flexible on-site operations for light industrial users as well as adaptive retail and service-oriented businesses.
For buyers seeking a fee simple flex-style footprint, the combination of a versatile interior configuration and dedicated fenced parking supports multiple non-residential operating models within the light industrial and service-use spectrum.
Key Highlights
- 7,100 SF versatile light industrial flex space
- Fee simple ownership
- Fenced‑in dedicated parking field on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,787
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,740
$835.7K
Cap Rate 7%
$596,957
$597.0K
Cap Rate 9%
$464,300
$464.3K
Market Conditions
NOI Build-Up for 7,124 SF
Gross rent
$68.4K $9.60/SF
− Vacancy
−$4.1K −$0.58/SF
EGI
$64.3K $9.02/SF
− OpEx
−$22.5K −$3.16/SF
NOI
$41.8K $5.87/SF
Area
Pittsburgh, PA
Vacancy
6.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,740
Cap Rate 7%
$596,957
Cap Rate 9%
$464,300
Alternative Uses
Best Use
Flex RnD
$597.0K
$522.3K – $696.5K
NOI $41,787 @ 7.0% cap · market cap 6.43%
Second Best
Industrial
$574.8K
$503.0K – $670.6K
NOI $40,236 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,819 @ 7.0% cap · market cap 24.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,901
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15222, PA
5,976
Population
4,008
Households
1.5
Avg Household Size
33
Median Age
77%
College-Educated
99%
High-School Grad
0.9 sq mi
ZIP Area
6,640
Density / Sq Mi
$111,926
Median Household Income
$61,190
Median Earnings
$1,963
Median Rent
$557,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Pittsburgh
Vacancy Rate% for Industrial in Pittsburgh, PA
Similar Off Market Nearby
- Mixed Moments — Pittsburgh, PA 15219
- Simply Catering — 572-598 grant st, pittsburgh, pa 15219
- Silver Perk Coffee Company — Pittsburgh, PA 15219
- Hanks Cart And Catering — Pittsburgh, PA 15219
- Erin's Deli — 210 Sixth Ave, Pittsburgh, PA 15222
Frequently Asked Questions
What type of property is this?
Flex space - Versatile light industrial flex space with fenced dedicated parking at a prominent Strip District intersection.
Where is this flex space located?
The property is located at 207 16th Street Pittsburgh, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 7,100 SF versatile light industrial flex space; Fee simple ownership; Fenced‑in dedicated parking field on site
