450 Melwood Ave
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450 Melwood Ave
59,093 SF Vacant Office Building Pittsburgh, PA 15213 For Sale
Investment Highlights
- 35-minute drive from Pittsburgh International Airport.
- $530,000 annual in-place income with an Institutional/high credit tenant.
- Primary Hub for Pittsburgh Regional Transit Authority Bus Service.
- Two level gated parking structure.
Executive Summary
The building was the original home to the White Motor Company Dealership as part of Pittsburgh's historically famous "Automobile Row" at the beginning of the early 1900's. 450 Melwood Avenue is located in the vibrant and diverse neighborhood of North Oakland, known for its proximity to the University of Pittsburgh, UPMC's Flagship Hospitals, and Carnegie Mellon University. The abundance of tech resources and a skilled workforce provides a significant advantage for tech, service, and creative companies looking to establish a dynamic and collaborative presence in the area. The neighborhood is home to numerous businesses, restaurants, and cultural attractions making it a hub of activity. Its central location and accessibility to major highways makes 450 Melwood Avenue a strategic choice for commercial ventures.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
59,093 SF
Building Class
B
Year Built/Renovated
1930/2005
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
22,175 SF
Building FAR
0.63
Lot Size
2.15 AC
Zoning
M-3
Parking
174 Spaces (2.94 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
1st floor and 2nd floor with mezzanine currently vacant with +/-36,000 SF Available for lease.
1st floor and 2nd floor with mezzanine currently vacant with +/-36,000 SF Available for lease.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 22,175 SF | Office | Full Build-Out | Now |
| 2nd Floor | 14,316 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 22,175 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 14,316 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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VIDEOS
3D TOUR
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STREET VIEW
STREET
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1st Floor
| Size | 22,175 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1st floor and 2nd floor with mezzanine currently vacant with +/-36,000 SF Available for lease.
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Floor
| Size | 14,316 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1st floor and 2nd floor with mezzanine currently vacant with +/-36,000 SF Available for lease.
Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 0026-M-00065-0000-00 | Improvements Assessment | $5,220,200 |
| Land Assessment | $931,700 | Total Assessment | $6,151,900 |
PROPERTY TAXES
Parcel Number
0026-M-00065-0000-00
Land Assessment
$931,700
Improvements Assessment
$5,220,200
Total Assessment
$6,151,900
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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450 Melwood Ave
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