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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.

PROPERTY FACTS

Sale Type
Investment
Sale Conditions
High Vacancy Property
Property Type
Office
Building Size
51,200 SF
Building Class
B
Year Built
1972
Price
£1,829,696
Price Per SF
£36
Tenancy
Single
Number of Floors
5
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

PROPERTY TAXES

Parcel Number
0001-H-00118-0000-00
Land Assessment
£1,523,023
Improvements Assessment
£1,420,401
Total Assessment
£2,943,424
  • Listing ID: 31050732

  • Date on Market: 21/02/2024

  • Last Updated:

  • Address: 230 Third Ave, Pittsburgh, PA 15222

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