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3485 Butler St
Pittsburgh, PA 15201
Office Property For Sale
EXECUTIVE SUMMARY
For sale is a + /-8,950sf, open brick and timber, collaborative workspace in the heart of Lawrenceville, one of Pittsburgh's most desirable residential neighborhoods! Don’t miss this chance to add an historic former stable building which boasts 40+ feet of frontage on one of Pittsburgh’s most in demand retail corridors to your portfolio. This fully leased and flexible investment offers wide open spaces and tall ceilings, mezzanine with open concept office, R&D space, kitchen, conference rooms, offices, and break out rooms. Long term upside includes the value add opportunity of improving +/- 4,000 sf of lower level space with garage door access! Hurry this won't last long!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
8,950 SF
Building Class
B
Year Built/Renovated
1888/2000
Price
$1,375,000
Price Per SF
$153.63
Cap Rate
7.76%
NOI
$106,700
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
4,475 SF
Building FAR
0.40
Lot Size
0.51 AC
Zoning
LNC - Local Neighborhood Commercial
Parking
8 Spaces (0.89 Spaces per 1,000 SF Leased)
AMENITIES
- Property Manager on Site
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,571,300 | |
| Land Assessment | $289,000 | Total Assessment | $6,860,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$289,000
Improvements Assessment
$6,571,300
Total Assessment
$6,860,300
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