200 Federal St Pittsburgh, PA 15212-5710

This exceptional investment opportunity presents a three-story, 16,200-square-foot Class B commercial building located at 200 Federal Street in Pittsburgh, Pennsylvania, 15212. Situated on a 0.13-acre lot at a high-profile corner location directly across from PNC Park's left field entrance, the property benefits from exceptional visibility within the vibrant North Shore entertainment district. The building currently features a multi-tenant occupancy with one tenant under a modified 12-year lease (commencing January 1, 2020, and expiring January 1, 2032), offering a remaining lease term of eight years. The current lease includes annual rent bumps of 2%. The property's current Net Operating Income (NOI) is $148,569, resulting in a 5.30% capitalization rate. The building's current occupancy is 24%, presenting a significant value-add opportunity through leasing the remaining vacant space. The property is zoned for office, retail, bar, and restaurant uses. The asking price for this value-add investment is $2,800,000. The North Shore's thriving entertainment scene includes PNC Park, Acrisure Stadium, Stage AE, the Andy Warhol Museum, the Carnegie Science Center, Rivers Casino, and numerous bars and restaurants, ensuring a strong tenant pool and high foot traffic. Lease options of 2-5 years are available.