1940 5TH AVENUE | 1940 5th Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1940 5TH AVENUE 1940 5th Ave
12,391 SF 100% Leased Office Building Pittsburgh, PA 15219 $3,500,000 ($282/SF) 6.66% Cap Rate
Investment Highlights
- Stunning, renovated, brick building with multiple tenants and off street private parking and courtyard in one of Pittsburgh's Opportunity Zones.
Executive Summary
This income producing property is located in an Opportunity Zone and has Multiple Tenants. The building is located conveniently between downtown Pittsburgh and the Pitt and CMU campuses. There are tax benefits available for tenants due to the desirable Keystone Innovation Zone location. Extensive renovations have been completed inside and out and the building and grounds have been meticulously cared for. Included with the building are two full side lots, grassy and gardened, with off street parking for 15 vehicles.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
12,391 SF
Building Class
C
Year Built/Renovated
1900/2022
Price
$3,500,000
Price Per SF
$282
Cap Rate
6.66%
NOI
$232,933
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,130 SF
Building FAR
2.37
Land Acres
0.12 AC
Opportunity Zone
Yes
Zoning
COMMERCIAL - Commercial Zoned in Pittsburgh's Opportunity Zone
Parking
15 Spaces (1.21 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (77)
Transit Score ®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 0011-K-00015-0000-00 | Total Assessment | $734,600 (2024) |
| Land Assessment | $105,600 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $629,000 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0011-K-00015-0000-00
Land Assessment
$105,600 (2024)
Improvements Assessment
$629,000 (2024)
Total Assessment
$734,600 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Bob Cenk - Broadview Realty
1 of 38
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Broadview Realty
1940 5TH AVENUE | 1940 5th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.