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    200 1St Ave Pittsburgh, PA 15222

    Sponsored
    For Sale
    Contact for pricing

    Prime location, 37,854 rentable sq ft.

    Property size:
    53,490 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This four-story, 53,490-square-foot Class B office building, located at 200 First Avenue in Pittsburgh's Central Business District, presents a compelling investment opportunity. Listed on the National Register of Historic Places, this 1880 building underwent renovations in 1984. The property boasts a substantial 435,600-square-foot lot and features large floor plates of 9,464 rentable square feet. Currently at 65% occupancy, the multi-tenant building offers significant potential for an owner-occupant or investor. Its prime location in the Golden Triangle District C, zoned accordingly, provides exceptional access to major highways, public transportation (including nearby bus stops), and ample parking garages, with limited on-site parking also available. The building's proximity to Market Square, the Cultural District, and Station Square enhances its appeal. This unique property combines historic charm with a strategic location in the heart of downtown Pittsburgh, making it an attractive proposition for those seeking a blend of character and convenience. The Allegheny County property (APN: 0001-L-00008-0000-00) offers a rare chance to acquire a piece of Pittsburgh's rich history and vibrant commercial landscape.

    Property Features for 200 1St Ave

    General Information

    Property type
    Office space
    Square Feet
    53,490 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1880/1984
    Buildings
    1
    Stories
    4

    HighLights

    • Historic four‑story office building in Pittsburgh's Central Business District, listed on the National Register of Historic Places.
    • Excellent location near major highways, Market Square, Cultural District, and Station Square.
    • Convenient access to public transportation and parking; limited on‑site parking available.
    • 37,854 square feet net rentable, 65% occupancy, large 9,464 square foot floor plates, ideal for owner‑occupant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Creative Code Software Company Quinn Logue LLC Trial Attorney Citizens For Pennsylvania Atm Agency1903 Marketing Agency Where Eagles Dare Advertising Agency

    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
    -80.003569564424
    Latitude
    40.43837905421

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    FAQs

    What type of property is this?
    Office space - Prime location, 37,854 rentable sq ft.
    Where is this office space located?
    The property is located at 200 1St Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: Historic four-story office building in Pittsburgh's Central Business District, listed on the National Register of Historic Places.; Excellent location near major highways, Market Square, Cultural District, and Station Square.; Convenient access to public transportation and parking; limited on-site parking available.
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    200 1St Ave Pittsburgh, PA 15222
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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
    200 1St Ave Pittsburgh, PA 15222
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