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Property profile & analytics
OFF-MARKET Estimated value $605,000
Office buildings

308 7th Ave Pittsburgh, PA 15222-3909

0.05 ac lot
Entity Owned 9-yr Hold Free & Clear
Property ID
US73-2201122
Property summary
AI-generated overview

This four-story, 18,000-square-foot Class B office building in Pittsburgh's Central Business District (CBD) is available for $650,000. Built in 1900 and recently renovated, the property sits on a 0.11-acre lot and features a vacant tenancy, offering significant potential for owner-users or investors. The building's permitted zoning is GT-A. With its prime location in Allegheny County, PA, 15222, this fee-simple property offers unparalleled access to major businesses, cultural attractions, and transportation hubs. The recent renovations ensure a move-in ready condition, equipped with modern amenities. Its flexible layout allows for diverse uses, from traditional office space to potential adaptive reuse. The property's historic charm blends seamlessly with modern conveniences, presenting a unique investment opportunity in a thriving urban core. The building's 18,000 square feet of net rentable space is priced at $36.11 per square foot. This is an excellent candidate for the URA Downtown Pittsburgh Conversion Program funding. The property's APN is 0002-A-00038-0000-00.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Lot 0.05 ac (2,250 SF)
APN 2-A-38
UPID US73-2201122
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
  • The Meredith Group Consultant
  • Baird Private Wealth Management Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$605k
Owner & transaction history
Masterplan INC · 9 yrs held
Masterplan INC
since 2017
Last sale
$650,000
2 recorded transactions
2017
Price N/A
2012
$1.5M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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