Property profile

421 7Th Ave Pittsburgh, PA 15219

OFF-MARKET
Office Spaces
51,601 SF 0.21 ac lot Built 1905
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Property summary

AI-generated overview

This vacant, six-story office building at 421 Seventh Avenue in Pittsburgh's Golden Triangle District presents a compelling redevelopment or value-add opportunity. The 51,601 square foot building, situated on a 0.207-acre lot (APN 2-A-199), offers 43,252 square feet of net rentable space. Originally constructed in 1905 and extensively renovated in 2008-2009, the property boasts a full basement, concrete foundation, steel structural frame, brick and masonry exterior, and a rubber roof. Interior features include mostly commercial-grade carpet flooring, painted sheetrock walls, and suspended acoustic tile ceilings. The building includes two passenger elevators and one restroom set per floor. The 2009 renovation encompassed façade improvements, roof replacement, and upgrades to HVAC and electrical systems. The property is zoned Golden Triangle District A and offers potential for ground floor retail. Utility providers include Duquesne Light (electric), Equitable Gas (natural gas), Pittsburgh Water and Sewer Authority, and Comcast/Verizon (telecom). This property is ideal for investors seeking a significant redevelopment project in a prime Pittsburgh location. The building's history as a wholesale drug warehouse and later office/classroom space provides a unique foundation for future development.

Property profile

Verified
Property type Office Spaces
Year built 1905
Total area 51,601 SF
Lot 0.21 ac (9,017 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

421 7Th Ave Pittsburgh, PA 15219
Pittsburgh metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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