1312 Federal St Pittsburgh, PA 15212-4706
- Medical offices
- 0.04 lot acres
Current Use by Public Records
- General Medical Practitioners: Daley Maryann / Medical Clinic / Podiatrist
Property Details for 1312 Federal St
- Lot size
- 0.04 lot acres
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 23-L-127
- APU
- 23L127
Description
This exceptional opportunity presents a 4,600 square foot medical office space for lease at 1312-1314 Federal Street in Pittsburgh, Pennsylvania's Northside. The property consists of two connected buildings, totaling 4,600 square feet on a 3,885 square foot lot in Allegheny County. One building, 1312 Federal Street, is a newer construction featuring three floors, each approximately 1200 square feet. The second building, 1314 Federal Street, offers 1,000 square feet on the first floor, currently configured with executive offices. Importantly, the entire 4,600 square feet is currently vacant, presenting a unique chance for a single tenant to occupy both buildings. The property is a single-tenant space with no elevator. A tenant improvement allowance is available to customize the space to meet the needs of the new occupant, reflecting the previous tenant's long-term occupancy. This high-visibility location on a heavily trafficked street offers excellent signage opportunities. The lease is a net lease structure, with the tenant responsible for utilities, cleaning, maintenance, and a proportionate share of taxes and insurance. This presents a rare chance to establish a prominent medical practice in a desirable Pittsburgh neighborhood.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $355,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $425,000
- 6.5%
- $440,000
- 7%
- $500,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $460,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $430,000
- Retail
- $405,000
- Mixed-Use
- $485,000
- Hospitality
- $450,000
- Educational
- $405,000
- Residential Income
- $485,000
- Energy
- $395,000
- Income-Based Land
- $450,000
- Food Service
- $425,000
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.0068
- Latitude
- 40.4571
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
