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Property profile & analytics
OFF-MARKET Estimated value $515,000
Office buildings

250 Parkwest Dr Pittsburgh, PA 15275-1002

6.05 ac lot
Entity Owned 21-yr Hold Free & Clear
Property ID
US73-0062747
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a vacant, two-story office building totaling 37,344 square feet situated on a six-acre lot in Pittsburgh, PA. Located at 250 Park West Drive, this Class B property offers significant potential for adaptive reuse. Previously serving as headquarters for prominent companies, the building boasts high ceilings and abundant natural light. The lower level features impressive 14-foot ceilings, allowing for flexible space conversion and potential driveway access. Ample parking is available on-site. The property's zoning is BPK, and it underwent renovations in 2012. Its strategic location provides convenient access to Pittsburgh International Airport, I-79, and I-376. The asking price is $2,650,000, translating to $70.96 per square foot. This is a unique chance to acquire a substantial property with a rich history and promising future in a highly desirable location. The property is currently vacant, presenting a blank canvas for a creative vision. The substantial lot size offers additional development possibilities. This investment is categorized as a redevelopment opportunity. The property consists of one building with a net rentable area of 37,344 square feet.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 6.05 ac (263,669 SF)
APN 591-M-264
UPID US73-0062747
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
  • Vesuvius Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$515k
Owner & transaction history
Vesuvius USA Corp · 21 yrs held
Vesuvius USA Corp
since 2005
1 recorded transaction
2005
$2.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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