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    901-903 Liberty Ave Pittsburgh, PA 15222

    Sponsored
    For Sale
    $2,175,000

    Prime Pittsburgh location, 52,368 SF, redevelopment potential.

    Property size:
    52,368 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional offering presents a unique opportunity to acquire two adjacent commercial buildings totaling 52,368 square feet at 901-903 Liberty Avenue in Pittsburgh, Pennsylvania's vibrant Cultural District. The property consists of 901 Liberty Avenue, a ten-story, 28,644 square foot masonry and steel structure, and 903 Liberty Avenue, an eight-story, 23,724 square foot masonry and wood frame building. Both buildings boast high ceilings and large windows, offering expansive rooftop views with potential for amenity development on 903 Liberty Avenue. Previously used for office and storage, these Class C buildings are ideally suited for multifamily redevelopment. Existing infrastructure includes sprinkler systems, multiple stairwells (including a second front stairwell on floors 1-3 of 903 Liberty Ave), freight and passenger elevators, and a full-floorplate underground basement suitable for various uses such as a gym, storage, or additional amenities. The buildings also feature existing commercial spaces: a 1,625 square foot second-generation restaurant space in 901 Liberty Avenue and approximately 1,000 square feet of retail space in 903 Liberty Avenue. The property's prime location offers easy access to Pittsburgh's top restaurants, entertainment venues, and major employers. Asking price is $2,175,000, translating to $41.53 per square foot.

    Property Features for 901-903 Liberty Ave

    General Information

    Property type
    Office space
    Square Feet
    52,368 SF
    Class
    C

    HighLights

    • High ceilings and large windows.
    • Expansive rooftop views; rooftop amenity potential at 903 Liberty Ave.
    • Existing sprinkler systems.
    • Dual egress via central stairwell connecting both buildings.
    • Second front stairwell (floors 1‑3) at 903 Liberty Ave.
    • Freight elevator (903 Liberty Ave) and two manual elevators (901 Liberty Ave).
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9979321
    Latitude
    40.443182

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    FAQs

    What type of property is this?
    Office space - Prime Pittsburgh location, 52,368 SF, redevelopment potential.
    Where is this office space located?
    The property is located at 901-903 Liberty Ave Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $2,175,000.
    What are key features of this property?
    This property features: High ceilings and large windows.; Expansive rooftop views; rooftop amenity potential at 903 Liberty Ave.; Existing sprinkler systems.
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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
    901-903 Liberty Ave Pittsburgh, PA 15222
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