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100 Ross St
Pittsburgh, PA 15219
Office Property For Sale
INVESTMENT HIGHLIGHTS
- 100 Ross Street is a 5-story Office building located in Downtown Pittsburgh
EXECUTIVE SUMMARY
SVN | Three Rivers Commercial Advisors is pleased to present this rare opportunity to purchase a 5-story office building in the heart of Downtown Pittsburgh. The property offers an attractive combination of in-place revenues, a strong tenant roster, and a tremendous upside for the future owner.
100 Ross Street is an office building comprised of 53,056 square feet with street retail along the corner of Ross Street and First Avenue, with visibility to Grant Street and Boulevard of the Allies in Downtown Pittsburgh. The property was delivered in 1891 and renovated in 1995. The property has seen capital expenditures poured in over the years to improve items such as roofing, stairs, and elevators. LED lighting was installed throughout the building in 2018, and the building has ample natural light to illuminate the modern and sleek interior. The property’s 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.
100 Ross Street in Pittsburgh, Pennsylvania, presents a unique opportunity to acquire an unencumbered, renovated historic office building ideally situated in the heart of Downtown Pittsburgh with credible, long-standing tenants, strong cash flow, and immense upside
100 Ross Street is an office building comprised of 53,056 square feet with street retail along the corner of Ross Street and First Avenue, with visibility to Grant Street and Boulevard of the Allies in Downtown Pittsburgh. The property was delivered in 1891 and renovated in 1995. The property has seen capital expenditures poured in over the years to improve items such as roofing, stairs, and elevators. LED lighting was installed throughout the building in 2018, and the building has ample natural light to illuminate the modern and sleek interior. The property’s 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.
100 Ross Street in Pittsburgh, Pennsylvania, presents a unique opportunity to acquire an unencumbered, renovated historic office building ideally situated in the heart of Downtown Pittsburgh with credible, long-standing tenants, strong cash flow, and immense upside
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Building Size
53,056 SF
Building Class
B
Year Built/Renovated
1891/1995
Price
$3,750,000
Price Per SF
$70.68
Cap Rate
9.96%
NOI
$373,426
Percent Leased
95%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
10,611 SF
Slab To Slab
11’
Building FAR
2.65
Lot Size
0.46 AC
Zoning
GT-C - GOLDEN TRIANGLE DISTRICT C
AMENITIES
- Commuter Rail
- Restaurant
PROPERTY TAXES
| Parcel Number | 0002-J-00244-0000-00 | Improvements Assessment | $1,241,000 |
| Land Assessment | $809,000 | Total Assessment | $2,050,000 |
PROPERTY TAXES
Parcel Number
0002-J-00244-0000-00
Land Assessment
$809,000
Improvements Assessment
$1,241,000
Total Assessment
$2,050,000
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