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    316 4Th Ave Pittsburgh, PA 15222

    For Lease
    Contact for pricing

    Prime retail space, historic building, multiple units available

    Lot size:
    90,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    The Commonwealth Building, a stunning 90,000 square foot property located at 316 Fourth Avenue in Pittsburgh, Pennsylvania's Central Business District (CBD), offers exceptional retail opportunities. Built in 1906 and extensively renovated in 2021, this Allegheny County landmark boasts multiple available spaces ranging from 1,960 to 5,416 contiguous square feet, with a total of 9,706 square feet currently vacant. The building's prime location, just two blocks from Market Square and nestled amongst major office buildings and Point Park University, ensures high foot traffic and visibility. Ideal for food and beverage establishments, the retail spaces feature dramatic 26-foot ceilings, a preserved historic bank vault, and elegant marble floors and pier columns, creating a unique and memorable atmosphere. The Commonwealth Building is part of a vibrant mixed-use development, incorporating 140 luxury apartments, further enhancing the area's appeal and providing a built-in customer base. This exceptional property presents a rare chance to establish a thriving business in a highly desirable location within Pittsburgh's dynamic downtown core. The property's address is 316 Fourth Ave, Pittsburgh, PA 15222.

    Property Features for 316 4Th Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    90,000 SF

    Building Details

    Year Built/Renovated
    1906/2021

    Unit(s) available at that property

    Space
    Mezzanine Level
    Size
    2,330 SF
    Space
    Ground Floor
    Size
    5,416 SF
    Space
    Lower Level
    Size
    1,960 SF

    HighLights

    • 5,416 SF of retail space, perfect for food and beverage use.
    • High‑ceiling retail space (26 ft.) with unique features including a historic bank vault, marble floors, and pier columns.
    • Part of a newly developed building with 140 luxury apartments commanding top downtown Pittsburgh rents.
    • Prime location near Market Square, Point Park University, and multiple high‑rise office buildings and hotels.
    • High foot traffic due to proximity to the new Point Park Theater complex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pennsylvania Truck & Commercial ... Auto Insurance Agency Fourth Avenue Historic ... Historical Place The Vnion National Bank Bank

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.0007245
    Latitude
    40.4390682

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    FAQs

    What type of property is this?
    Retail property - Prime retail space, historic building, multiple units available
    Where is this retail property located?
    The property is located at 316 4Th Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: 5,416 SF of retail space, perfect for food and beverage use.; High-ceiling retail space (26 ft.) with unique features including a historic bank vault, marble floors, and pier columns.; Part of a newly developed building with 140 luxury apartments commanding top downtown Pittsburgh rents.
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    Pittsburgh, PA 15222
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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
    316 4Th Ave Pittsburgh, PA 15222
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