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PENN HILLS MUNICIPAL BUILDING 12245 Frankstown Rd

40,200 SF Vacant Office Building Penn Hills, PA 15235 $450,000 ($11/SF)

Investment Highlights

  • 40,000 sq. ft of available retail, office, mixed use space or entertaining space
  • High traffic road (20,000 Avg/day) with easy quick access to Parkway East and minutes to downtown Pittsburgh and PA Turnpike
  • Well lite beautiful looking building at night
  • Solid large two story brick building with plenty of parking.
  • Three bus stops outside on a main road in Pittsburgh PA

Executive Summary

Location, location, location! Purchase this great building located in the East Suburbs of Pittsburgh, PA. Great opportunity for business owners or investors to re-purpose this solid brick multi-floor building. Four parcels are included in the sale. One parcel with a building and three large parking lots on three separate parcels with 80+ parking spaces. Fantastic location on high traffic (20,000 Average Vehicles Per Day) Frankstown Road in Penn Hills. Back road entrance on Springdale Dr. Repurpose offices, 1st floor store fronts, self-storage, garage repair shop, entertainment, retail, restaurant, daycare, etc. Three floors elevator in building. Council chambers area (50 ft x 31 ft) located on far right of building can be a great restaurant, small theater, etc. Create entertainment space with 9 jail cells (6 ft x 9 ft) such as an escape room, restaurant with booths with jail theme, etc. There is an indoor shooting range to create entertainment area or a retail area for fire arms and practice gun range. Create a micro brewery with entertainment. Lower level has garage area (51 ft x 30 ft) with two 10 ft garage doors for auto detailing or body shop, car sales and lease, mechanics, storage, etc. Many office areas on several floors can be divided off to to suited tenants. Subdivide to lease to multiple businesses. Great investment opportunity for the creative visionary investor!

Financial Summary (Actual - 2023)

Annual Annual Per SF
Taxes $6,190 $0.15
Operating Expenses - -
Total Expenses $6,190 $0.15

Financial Summary (Actual - 2023)

Taxes
Annual $6,190
Annual Per SF $0.15
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $6,190
Annual Per SF $0.15

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
40,200 SF
Building Class
B
Year Built/Renovated
1939/1967
Price
$450,000
Price Per SF
$11
Percent Leased
Vacant
Building Height
3 Stories
Typical Floor Size
13,400 SF
Building FAR
0.62
Land Acres
1.48 AC
Zoning
Commercial - B-2. Business Community
Parking
90 Spaces (2.24 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Storage Space
  • Basement
  • Partitioned Offices
  • Shower Facilities
  • Drop Ceiling

About 12245 Frankstown Rd , Penn Hills, PA 15235

Great opportunity for investors to re-purpose this building. Four parcels are included in the sale. One parcel with a building and three large parking lots on three separate parcels. Fantastic location on high traffic Frankstown Road in Penn Hills. Back road entrance on Springdale Dr. Redevelop to residential housing with 1st floor store fronts, entertainment, retail, restaurant, office, daycare, etc. Three floors elevator in building. Council chambers area (50 ft x 31 ft) located on far right of building can be a great restaurant, small theater, etc. Create entertainment space with 9 jail cells (6 ft x 9 ft) such as an escape room, restaurant with booths with jail theme, etc. There is an indoor shooting range to create entertainment area or a retail area for fire arms and practice gun range. Create a micro brewery with entertainment. Lower level has garage area (51 ft x 30 ft) with two 10 ft garage doors for auto detailing or body shop, car sales and lease, mechanics, storage, etc. Many office areas on several floors can be divided off to to suited tenants. Subdivide to lease to multiple businesses. Great investment opportunity for the creative visionary investor!

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0448-R-00002-0000-00
  • 0449-D-00043-0000-00
Land Assessment
$141,400 (2024)
Improvements Assessment
$13,700 (2024)
Total Assessment
$155,100 (2024)
Annual Taxes
$6,190 ($0.15/SF)
Tax Year
2023
  • Listing ID: 14672359

  • Date on Market: 12/19/2018

  • Last Updated:

  • Address: 12245 Frankstown Rd, Penn Hills, PA 15235

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