4-6 Smithfield St | Pittsburgh, PA 15222
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4-6 Smithfield St
Pittsburgh, PA 15222
House Building · Office Property For Sale
Investment Highlights
- Built in 1920
- 11 Car surface lot on corner negotiable as part of sale!
- All electrical and HVAC replaced in 1996-2001. Upgrades and replacements occurred after that as necessary. Many heat pumps are less than 5 years old.
- River views
- Elevator controls replaced and cars upgraded in 2000
- Roof replaced - 2011, warranty available
Executive Summary
SVN | Three Rivers Commercial Advisors is pleased to present this rare opportunity to purchase a 12-story office building, with high visibility and great river views. It offers an attractive combination of in place revenues, strong tenant roster and a tremendous upside for the future owner.
4 Smithfield Street is an office building comprising of 65,727 SF with street retail along the corner of Smithfield Street and Fort Pitt Blvd in Downtown Pittsburgh. Its ideal location offers access to and from the city via I-376 E, I-376 W, I-279 N, and the Smithfield Street Bridge and it is within walking distance to Market Square, Station Square, and the Cultural District.
4 Smithfield Street is an office building comprising of 65,727 SF with street retail along the corner of Smithfield Street and Fort Pitt Blvd in Downtown Pittsburgh. Its ideal location offers access to and from the city via I-376 E, I-376 W, I-279 N, and the Smithfield Street Bridge and it is within walking distance to Market Square, Station Square, and the Cultural District.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Building Size
65,727 SF
Building Class
B
Year Built/Renovated
1920/2012
Price
£3,807,125
Price Per SF
£58
Net Initial Yield
9.97%
NOI
£379,729
Percent Leased
75%
Tenancy
Multiple
Number of Floors
12
Typical Floor Size
5,477 SF
Slab to Slab
11 ft
Building FAR
9.43
Lot Size
0.16 AC
Zoning
C - Commercial
Amenities
- Bus Route
- Restaurant
PROPERTY TAXES
| Parcel Number | 0001-M-00034-0000-00 | Improvements Assessment | £1,948,607 |
| Land Assessment | £455,893 | Total Assessment | £2,404,500 |
PROPERTY TAXES
Parcel Number
0001-M-00034-0000-00
Land Assessment
£455,893
Improvements Assessment
£1,948,607
Total Assessment
£2,404,500
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