208 Grant St Pittsburgh, PA 15219

Property Details for 208 Grant St

Year built

1920

Lot size

0.18 lot acres

Property size

26,000 SF

Property type

Office Properties & Spaces

Description

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.