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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

316 4Th Ave Pittsburgh, PA 15222

90,000 SF Built 1906
Property ID
Property summary
AI-generated overview

The Commonwealth Building, a stunning 90,000 square foot property located at 316 Fourth Avenue in Pittsburgh, Pennsylvania's Central Business District (CBD), offers exceptional retail opportunities. Built in 1906 and extensively renovated in 2021, this Allegheny County landmark boasts multiple available spaces ranging from 1,960 to 5,416 contiguous square feet, with a total of 9,706 square feet currently vacant. The building's prime location, just two blocks from Market Square and nestled amongst major office buildings and Point Park University, ensures high foot traffic and visibility. Ideal for food and beverage establishments, the retail spaces feature dramatic 26-foot ceilings, a preserved historic bank vault, and elegant marble floors and pier columns, creating a unique and memorable atmosphere. The Commonwealth Building is part of a vibrant mixed-use development, incorporating 140 luxury apartments, further enhancing the area's appeal and providing a built-in customer base. This exceptional property presents a rare chance to establish a thriving business in a highly desirable location within Pittsburgh's dynamic downtown core. The property's address is 316 Fourth Ave, Pittsburgh, PA 15222.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1906
Total area 90,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pennsylvania Truck & Commercial Auto Insurance Insurance Agency
  • Fourth Avenue Historic District Tour Operator
  • The Vnion National Bank Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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