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Office Building with Freight Elevators
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503 Martindale St, Pittsburgh, PA 15212

Office building offering elevator service including two freight elevators and 2,000 surrounding parking spaces.

Property Size4,636 SF
Days on Market1085

Property Features for 503 Martindale St

General Information

Standard status Active
Size 4,636 SF
Property subtype OFFICE
Listing Agency: CBRE | Pittsburgh
Listed By: Nicole Clackson Rossman
Source: Moodyscre
Added: Aug 11, 2023 Changed: Jul 27 Last Checked: Jul 30 at 1:26PM

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 CBRE | Pittsburgh

Investment Insights

Based on property information with market context.

This office building features elevator service including two freight elevators, along with state-of-the-art building systems. The property also offers 24-hour, manned security with service seven days per week.

The location provides excellent access to downtown Pittsburgh and major highways. The building is surrounded by approximately 2,000 parking spaces available on monthly rates.

Additional transportation convenience includes a free fare zone using the North Shore Connector light rail transit system, directly linking the North Shore to downtown Pittsburgh.

Key Highlights

  • Office building with elevator service, including two freight elevators
  • 2,000 parking spaces available surrounding the building at monthly rates
  • Free fare zone via the North Shore Connector (light rail) linking the North Shore to downtown Pittsburgh

Property Analytics

Current Use

GES - Pittsburgh Marketing & Advertising Pipa Group Bar & Pub D L Clark ... Business Service Center Beemac Logistics Pittsburgh Logistics Company Girl Scouts Western ... Charitable Organization

Suggested Use

Top Pick Auto Parts Store Kitchen & Bath Showroom Auto Repair Shop Electrical Service Furniture & Home Goods Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,379
Businesses Nearby

Demographics for 15212, PA

27,016
Population
15,937
Households
1.7
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
5.8 sq mi
ZIP Area
4,658
Density / Sq Mi
$61,712
Median Household Income
$45,325
Median Earnings
$1,114
Median Rent
$167,200
Median Home Value

Market

Lease Benchmarks for Pittsburgh, PA

$29.27 /SF/Yr
Avg Asking Price
$16–$50 /SF/Yr
Price Range
94,112 SF
Avg Space Size

Vacancy Rate% for Office in Pittsburgh, PA

10.2% 2019
12.2% 2020
14.6% 2021
13.9% 2022
16.1% 2023
17.5% 2024
17.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building offering elevator service including two freight elevators and 2,000 surrounding parking spaces.
Where is this office building located?
The property is located at 503 Martindale St Pittsburgh, PA.
What are key features of this property?
This property features: Office building with elevator service, including two freight elevators; 2,000 parking spaces available surrounding the building at monthly rates; Free fare zone via the North Shore Connector (light rail) linking the North Shore to downtown Pittsburgh
(412) 471-3385 Call to check price and availability
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