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Property profile & analytics
FOR LEASE
Commercial real estate

1600 Marys Ave Pittsburgh, PA 15215

0.54 ac lot
Entity Owned 29-yr Hold ~ Est. High Equity
Property ID
US73-4116896
Property summary
AI-generated overview

This 90,000-square-foot Class B industrial warehouse, built in 1955, is located in Sharpsburg, Allegheny County, Pennsylvania. Currently, 24,407 square feet are available for lease. The property features multiple tenants and offers a unique opportunity for businesses seeking versatile space. The building boasts 15-foot ceiling heights and includes three shared 8x8-foot dock-high doors with access to a 6,000-pound freight elevator, and one dedicated 8x10-foot dock-high door with access to a 4,000-pound freight elevator. Ample dedicated, paved off-street parking and bike racks are provided for tenant convenience. The property is undergoing evaluation for major renovations, including new restrooms, improved lighting, an updated entrance, a new sprinkler system, and cosmetic upgrades. Pre-renovation rental rates are attractive. This location is particularly well-suited for businesses in the "maker" industry, and its strategic location within a Qualified Opportunity Zone (CT 4240) offers significant tax advantages. Enjoy quick access to the Highland Park and 62nd Street Bridges, Route 8, and Route 28, placing you in close proximity to Carnegie Mellon University, UPMC, the University of Pittsburgh, and "Robotics Row." One immediately available space totals 3,948 square feet.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.54 ac (23,516 SF)
APN 168-K-252
UPID US73-4116896
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
  • Stitches Embroidery Inc Factory Production Facility
  • Pittsburgh Cares Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Doll Development Ltd · 29 yrs held
Doll Development Ltd
since 1997
1 recorded transaction
1997
$262,350
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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