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    1801 Blvd Of The Allies Pittsburgh, PA 15219

    For Sale
    Contact for pricing

    Prime Location, Mixed-Use Potential

    Property size:
    12,755 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 12,755 square foot property at 1801 Boulevard of the Allies in Pittsburgh, PA presents a unique redevelopment opportunity. Currently vacant, this Class A, mixed-use building sits on a 0.22-acre lot (APN 0011-J-00294-0000-00) and boasts a UPR-B zoning designation allowing for up to 70 feet of building height with bonus points. The building, encompassing 55 units across one building, offers significant potential for various uses, including executive offices, luxury apartments, student housing, or a combination thereof. Its strategic location places it steps from the massive $500 million UPMC Mercy Campus redevelopment project, creating a vibrant and growing neighborhood. The property's proximity to PPG Paints Arena, the First National Bank Tower, and five major universities further enhances its appeal. The site is also conveniently located near I-376 and I-79, providing easy access to the airport. This Qualified Opportunity Zone property offers investors a chance to capitalize on the significant growth and development occurring in Pittsburgh's Uptown district. The property includes a 1,712 square foot garage. The vacant occupancy date is February 25, 2021. This is a truly remarkable opportunity to invest in a thriving urban center.

    Property Features for 1801 Blvd Of The Allies

    General Information

    Property type
    Retirement homes
    Square Feet
    12,755 SF
    Class
    A
    Lot Size
    9,583 SF

    Building Details

    Buildings
    1
    Units
    55

    HighLights

    • 12,755 SF main building plus 1,712 SF garage.
    • Three parcels totaling 0.22 acres (11‑J‑294, 11‑J‑295, 11‑J‑296).
    • Prime location near UPMC Mercy redevelopment.
    • UPR‑B zoning, allowing 70‑foot building height with bonus points.
    • Exclusive tenant improvement allowance available.
    • Large, column‑free interior space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9813023
    Latitude
    40.4358992

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    FAQs

    What type of property is this?
    Retirement home - Prime Location, Mixed-Use Potential
    Where is this retirement home located?
    The property is located at 1801 Blvd Of The Allies Pittsburgh, PA.
    What are key features of this property?
    This property features: 12,755 SF main building plus 1,712 SF garage.; Three parcels totaling 0.22 acres (11-J-294, 11-J-295, 11-J-296).; Prime location near UPMC Mercy redevelopment.
    Request Owner's contact information
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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
    1801 Blvd Of The Allies Pittsburgh, PA 15219
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