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    421 7Th Ave Pittsburgh, PA 15219

    For Sale
    Contact for pricing

    6-Story Office Building, Vacant, Value-Add Potential

    Property size:
    51,601 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This vacant, six-story office building at 421 Seventh Avenue in Pittsburgh's Golden Triangle District presents a compelling redevelopment or value-add opportunity. The 51,601 square foot building, situated on a 0.207-acre lot (APN 2-A-199), offers 43,252 square feet of net rentable space. Originally constructed in 1905 and extensively renovated in 2008-2009, the property boasts a full basement, concrete foundation, steel structural frame, brick and masonry exterior, and a rubber roof. Interior features include mostly commercial-grade carpet flooring, painted sheetrock walls, and suspended acoustic tile ceilings. The building includes two passenger elevators and one restroom set per floor. The 2009 renovation encompassed façade improvements, roof replacement, and upgrades to HVAC and electrical systems. The property is zoned Golden Triangle District A and offers potential for ground floor retail. Utility providers include Duquesne Light (electric), Equitable Gas (natural gas), Pittsburgh Water and Sewer Authority, and Comcast/Verizon (telecom). This property is ideal for investors seeking a significant redevelopment project in a prime Pittsburgh location. The building's history as a wholesale drug warehouse and later office/classroom space provides a unique foundation for future development.

    Property Features for 421 7Th Ave

    General Information

    Property type
    Medical offices
    Square Feet
    51,601 SF
    Class
    B
    Lot Size
    9,017 SF

    Building Details

    Year Built/Renovated
    1905/2009
    Stories
    6

    HighLights

    • 51,601 square feet gross building area.
    • 43,252 square feet net rentable area.
    • Built in 1905, renovated in 2009.
    • 0.207‑acre lot.
    • Parcel ID: 2‑A‑199.
    • Golden Triangle District A zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -79.9958878
    Latitude
    40.4427382

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    FAQs

    What type of property is this?
    Medical office - 6-Story Office Building, Vacant, Value-Add Potential
    Where is this medical office located?
    The property is located at 421 7Th Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: 51,601 square feet gross building area.; 43,252 square feet net rentable area.; Built in 1905, renovated in 2009.
    Request Owner's contact information
    421 7Th Ave Pittsburgh, PA 15219
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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
    421 7Th Ave Pittsburgh, PA 15219
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