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    208 Grant St Pittsburgh, PA 15219

    Sponsored
    For Sale
    $998,500

    Value-add opportunity, high potential

    Property size:
    26,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This five-story, 26,000 square foot Class B office building at 210 Grant Street in Pittsburgh, PA, presents a compelling value-add investment opportunity. Currently 95% vacant, the property boasts a pro-forma NOI of $114,985 and a pro-forma cap rate of 11.52%, based on full occupancy. Built in 1920 and renovated in 1985, the building features 12 units, each approximately 5,466 square feet, with elevator access and controlled access. The 0.18-acre lot offers potential for redevelopment, including first-floor retail space. The building's 19' slab-to-slab height adds to its versatility. Located on a bus line, this property benefits from a prime downtown location and a desirable Grant Street address. The asking price is $998,500, with a gross lease type. The property is zoned for office use and includes a total of 21,824 net rentable square feet. Note that the provided NOI and cap rate are pro-forma and based on a fully occupied building. Potential buyers are responsible for conducting their own due diligence and underwriting. APN: 0002-J-00140-0000-00.

    Property Features for 208 Grant St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    26,000 SF
    Class
    B
    Lot Size
    7,841 SF

    Building Details

    Year Built/Renovated
    1920/1985
    Buildings
    1
    Stories
    5
    Units
    12

    HighLights

    • 26,000 SF building available for sale.
    • 5,466 SF floor plates.
    • Ground floor suitable for retail.
    • Building features elevator service.
    • Four‑story building.
    • Redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store Daycare Center 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
    -79.99812226
    Latitude
    40.4373134

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    FAQs

    What type of property is this?
    Office Property / Space - Value-add opportunity, high potential
    Where is this office property / space located?
    The property is located at 208 Grant St Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $998,500.
    What are key features of this property?
    This property features: 26,000 SF building available for sale.; 5,466 SF floor plates.; Ground floor suitable for retail.
    Request Owner's contact information
    208 Grant St Pittsburgh, PA 15219
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    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
    208 Grant St Pittsburgh, PA 15219
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