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    200 1St Ave Pittsburgh, PA 15222

    Office buildings Google Maps
    0.24 ac lot
    Entity Owned 11-yr Hold Absentee Owner Free & Clear
    200 1St Ave, Pittsburgh, PA 15222 For Sale 1 / 16
    Contact for pricing
    200 1St Ave, Pittsburgh, PA 15222
    View Listing →
    Estimated value (blended)
    $365k
    Range $329k – $402k (±10%)
    Property ID US73-0716598

    Property summary

    AI-generated overview

    The Waterfront Building, located at 200 First Avenue in Pittsburgh's Central Business District, offers exceptional office space for lease. This four-story, Class B building, originally constructed in 1880 and renovated in 1984, boasts a total of 53,490 square feet. Currently, there are 13,000 square feet of vacant space available, divisible into units ranging from 3,156 to a maximum contiguous 6,512 square feet. The building features an elevator and is situated on a sizable 435,600 square foot lot. Enjoy abundant natural light and breathtaking waterfront views from a private balcony. The property's prime location within the Golden Triangle District (GTD) offers unparalleled convenience, with easy access to major highways (I-376 and I-279), public transportation, and popular destinations like Market Square and Station Square. Numerous parking options are available nearby. The Allegheny County property, zoned for commercial use (APN: 0001-L-00008-0000-00), presents a unique opportunity for businesses seeking a prestigious and well-located office space in the heart of Pittsburgh. This is a multi-tenant building.

    Property profile

    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Lot 0.24 ac (10,486 SF)
    APN 1-L-8
    UPID US73-0716598

    Cap rate & NOI

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

    Current use

    Occupant on record · Public records
    • (Bike/Boat/Book/etc) Store Corporate Office
    • Law Firm
    • Atm
    • Advertising Agency Marketing & Advertising
    • Marketing & Advertising Advertising Agency
    5 occupants on record

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    $365k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $365k

    Owner & transaction history

    since 2015
    6 recorded transactions
    2015
    $3.0M
    2001
    Price N/A
    2001
    $2.2M
    2000
    Price N/A
    1969
    Price N/A
    1969
    Price N/A

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $19,455,000
      1.20 Acres
      48 26th St
      OFFICE BUILDING (MULTI-STORY)
      48 26th St, Pittsburgh, PA 15222-4633
      View Details
    • Value Estimation
      $400,000
      0.04 Acres
      313 3rd Ave
      OFFICE BUILDING
      313 3rd Ave, Pittsburgh, PA 15222
      View Details
    • Value Estimation
      $655,000
      0.05 Acres
      215 4th Ave
      OFFICE BUILDING
      215 4th Ave, Pittsburgh, PA 15222-1707
      View Details
    • Value Estimation
      $365,000
      0.17 Acres
      244 Blvd Of The Allies
      OFFICE BUILDING (MULTI-STORY)
      244 Blvd Of The Allies, Pittsburgh, PA 15222-1617
      View Details
    • Value Estimation
      $1,310,000
      0.11 Acres
      931 Penn Ave
      OFFICE BUILDING (MULTI-STORY)
      931 Penn Ave, Pittsburgh, PA 15222-3837
      View Details
    • Value Estimation
      $390,000
      0.39 Acres
      914 Penn Ave
      OFFICE BUILDING (MULTI-STORY)
      914 Penn Ave, Pittsburgh, PA 15222-3713
      View Details

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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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