230 Third Ave | Pittsburgh, PA 15222
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!
230 Third Ave
Pittsburgh, PA 15222
Patterson Bldg · Office Property For Sale
Executive Summary
CBRE, as exclusive agent for the owner, is pleased to offer qualified investors the opportunity to acquire 230 Third Avenue (the “Property”), a 5 story, +/- 51,200 SF vacant building located in the heart of Pittsburgh’s Central Business District with direct proximity to the Market Square retail area. Originally constructed as part of the Pittsburgh Renaissance II, the Property presents a unique opportunity to acquire an asset poised for redevelopment.
Currently configured as an office building, the Property will be conveyed completely vacant and is prime for redevelopment to a number of alternative uses, including multifamily, hotel or short-term rental. Supporting the redevelopment optionality, the
Property has 2 center-core elevators (2,500 lb capacity each), 2 stairwells and 9 integral parking spaces.
230 Third Avenue is located in the heart of downtown Pittsburgh on the edge of Market Square, a main focal point of the central business district with numerous restaurants, retailers and amenities. The site is immediate proximate to Point Park University,
a private institution offering over 70 majors to undergraduates and graduates. Further south is Point State Park, a 36 acre state park punctuated by the fountain at the confluence of the Allegheny and Monongahela rivers to form the Ohio river.
Currently configured as an office building, the Property will be conveyed completely vacant and is prime for redevelopment to a number of alternative uses, including multifamily, hotel or short-term rental. Supporting the redevelopment optionality, the
Property has 2 center-core elevators (2,500 lb capacity each), 2 stairwells and 9 integral parking spaces.
230 Third Avenue is located in the heart of downtown Pittsburgh on the edge of Market Square, a main focal point of the central business district with numerous restaurants, retailers and amenities. The site is immediate proximate to Point Park University,
a private institution offering over 70 majors to undergraduates and graduates. Further south is Point State Park, a 36 acre state park punctuated by the fountain at the confluence of the Allegheny and Monongahela rivers to form the Ohio river.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Building Size
51,200 SF
Building Class
B
Year Built
1972
Price
$2,300,000
Price Per SF
$45
Tenancy
Single
Building Height
5 Stories
Typical Floor Size
10,240 SF
Building FAR
4.35
Lot Size
0.27 AC
Parking
12 Spaces (0.23 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0001-H-00118-0000-00 | Improvements Assessment | $1,785,500 |
| Land Assessment | $1,914,500 | Total Assessment | $3,700,000 |
PROPERTY TAXES
Parcel Number
0001-H-00118-0000-00
Land Assessment
$1,914,500
Improvements Assessment
$1,785,500
Total Assessment
$3,700,000
Learn More About Investing in Office Space
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
