250 Parkwest DrPittsburgh, PA 15275

Property Details for 250 Parkwest Dr

Lot size

6.05 AC

Property type

Office properties

Property subtype

Office buildings

APN

591-M-264

APU

591M264

Description

This exceptional redevelopment opportunity presents a vacant, two-story office building totaling 37,344 square feet situated on a six-acre lot in Pittsburgh, PA. Located at 250 Park West Drive, this Class B property offers significant potential for adaptive reuse. Previously serving as headquarters for prominent companies, the building boasts high ceilings and abundant natural light. The lower level features impressive 14-foot ceilings, allowing for flexible space conversion and potential driveway access. Ample parking is available on-site. The property's zoning is BPK, and it underwent renovations in 2012. Its strategic location provides convenient access to Pittsburgh International Airport, I-79, and I-376. The asking price is $2,650,000, translating to $70.96 per square foot. This is a unique chance to acquire a substantial property with a rich history and promising future in a highly desirable location. The property is currently vacant, presenting a blank canvas for a creative vision. The substantial lot size offers additional development possibilities. This investment is categorized as a redevelopment opportunity. The property consists of one building with a net rentable area of 37,344 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $50,143,812

  6.5%

  $46,286,596

  7%

  $42,980,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,663,598

  Geo Method

  $24,663,598

• Alternative Use

  Use

  Valuation

  Residential

  $57,395,380

  Hospitality

  $52,573,860

  Educational

  $43,740,836

  Medical

  $45,245,148

  Retail

  $68,041,296

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4571

Longitude

-80.2023

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.