421 7Th Ave Pittsburgh, PA 15219
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.