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    250 Parkwest Dr Pittsburgh, PA 15275

    Sponsored
    For Sale
    $2,650,000

    Prime Pittsburgh Office Building, Vacant, Redevelopment Potential

    Property size:
    37,344 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional redevelopment opportunity presents a vacant, two-story office building totaling 37,344 square feet situated on a six-acre lot in Pittsburgh, PA. Located at 250 Park West Drive, this Class B property offers significant potential for adaptive reuse. Previously serving as headquarters for prominent companies, the building boasts high ceilings and abundant natural light. The lower level features impressive 14-foot ceilings, allowing for flexible space conversion and potential driveway access. Ample parking is available on-site. The property's zoning is BPK, and it underwent renovations in 2012. Its strategic location provides convenient access to Pittsburgh International Airport, I-79, and I-376. The asking price is $2,650,000, translating to $70.96 per square foot. This is a unique chance to acquire a substantial property with a rich history and promising future in a highly desirable location. The property is currently vacant, presenting a blank canvas for a creative vision. The substantial lot size offers additional development possibilities. This investment is categorized as a redevelopment opportunity. The property consists of one building with a net rentable area of 37,344 square feet.

    Property Features for 250 Parkwest Dr

    General Information

    Property type
    Medical offices
    Square Feet
    37,344 SF
    Class
    B
    Lot Size
    261,360 SF

    Building Details

    Year Renovated
    2012
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Former Vesuvius and US Air headquarters.
    • 14‑foot ceiling height on the first floor offers flexible use options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vesuvius Metal Finisher

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair 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
    -80.2024105
    Latitude
    40.4571235

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    FAQs

    What type of property is this?
    Medical office - Prime Pittsburgh Office Building, Vacant, Redevelopment Potential
    Where is this medical office located?
    The property is located at 250 Parkwest Dr Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: Former Vesuvius and US Air headquarters.; 14-foot ceiling height on the first floor offers flexible use options.;
    Request Owner's contact information
    250 Parkwest Dr Pittsburgh, PA 15275
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    Pittsburgh, PA 15275
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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
    250 Parkwest Dr Pittsburgh, PA 15275
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