Property profile

1st S Ct Pittsburgh, PA 15239

OFF-MARKET
Other industrial land
Property ID
US73-4016096
0.61 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

The property is a historic mixed-use complex originally designed in 1898 and completed in 1906, later used as a cargo warehouse and converted to a creative office and retail environment. It includes preserved architectural features such as exposed brick and beams and is configured with over 500,000 square feet of office space and over 100,000 square feet of retail space, with portions of the office areas designed as warehouse-loft style spaces featuring elements such as exposed brick walls and new windows. The complex includes the “Highline,” a 500-foot-long elevated, park-like pedestrian area with lighting and seating, offering views of the Monongahela River and the City of Pittsburgh, as well as an outdoor glass elevator and “The Tracks,” a one-acre public space, alongside over one acre of green public space along the Three Rivers Heritage Trail for events. Parking is provided with interior parking for 584 vehicles, electric vehicle chargers, and secured bike storage, and the property includes a public fitness center. Tenant-shared amenities include a conference center, coffee shop, and tenant lounge, and the site has LEED certification with solar panels and landscaped greenery areas. Building systems and shared spaces were renovated to include updated mechanical systems, common areas, lobby, restrooms, fire stairs, elevators, and fire/life safety systems. The property is located near Station Square transit (including the T stop) and major bus lines and is serviced by nearby retail options ranging from local shops to larger brands.

Property profile

Verified
Property type Other industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 0.61 ac (26,528 SF)
APN 3-E-52
UPID US73-4016096

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1st S Ct Pittsburgh, PA 15239
Pittsburgh metro Census 526202 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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