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112 Third Ave 18,204 SF 100% Leased Office Building Carnegie, PA 15106 $1,798,000 ($98.77/SF) 8.65% Cap Rate
Investment Highlights
- 8.7% Cap rate & 4 current tenants with in place NOI of $155,580
- Paid parking lot in the back, tenants cover their own parking (landlord has no parking maintenance fees)
- First floor patio space
- 2 - story building with elevator; 1st floor space available of approximately 2,200 SF
- 2 onsite parking spaces
- No deferred maintenance
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present for sale a well-maintained, 87% leased traditional office and medical office building at 112 3rd Avenue in Carnegie, PA. The building offers approximately 17,343 SF of GBA on 0.25 acres. This two-story, ADA-accessible property features 4 tenants and is supported by newer leases, delivering strong cash flow from day one—while still offering additional space to lease and further maximize value. Situated in a highly convenient part of Carnegie, just steps from downtown, you’ll enjoy easy access to restaurants, coffee shops, and shopping. With quick connectivity to I-79 and I-376, commuting throughout Pittsburgh and the surrounding area is simple and efficient.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
18,204 SF
Building Class
B
Year Built
2006
Price
$1,798,000
Price Per SF
$98.77
Cap Rate
8.65%
NOI
$155,580
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,102 SF
Slab To Slab
10’
Building FAR
1.67
Lot Size
0.25 AC
Zoning
C
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
SVN Three Rivers Commercial Advisors is pleased to present this office space for lease located at 112 3rd Ave in Carnegie, PA. Formerly used as a premier day care facility with indoor pool
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 2,200 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 2,200 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 2,200 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | 30 Days |
SVN Three Rivers Commercial Advisors is pleased to present this office space for lease located at 112 3rd Ave in Carnegie, PA. Formerly used as a premier day care facility with indoor pool
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Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0103-R-00200-0000-00 | Improvements Assessment | $899,700 |
| Land Assessment | $42,500 | Total Assessment | $942,200 |
Property Taxes
Parcel Number
0103-R-00200-0000-00
Land Assessment
$42,500
Improvements Assessment
$899,700
Total Assessment
$942,200
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Contact the Sale Advisor
112 Third Ave