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217 N Highland Ave
East Liberty, PA 15206
FOR SALE, Investment, East Liberty · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Very Heavy Traffic
- Private 22 Car Parking Lot
- Dense Market
EXECUTIVE SUMMARY
Located in the heart of the East Liberty Business District, walking distance to Duolingo's headquarters, Whole Foods, Target, Home Depot, restaurants, hundreds of retail and office businesses and over 1,000 residential units, this two story, 33,733 sf building is 85% occupied by both retail and office uses. This property includes a 22 car surface parking lot that provides dedicated parking for its tenants. The gorgeous public parklet currently under construction, and immediately adjacent to the entrances to the first floor businesses and lobby entrance, creates a friendly and beautiful gateway to the building. A two story elevator lobby with a sky dome lends a bright and welcome feel for clients visiting the second floor offices. Hotel Indigo is located across the street and Pittsburgh's busiest bus HUB is located just a few blocks away. Three (3) newly executed leases account for almost 20,000 sf of the occupied portion of the building. Roof and RTU's in good condition and upside available with an entirely unoccupied basement area and 5,454 sf of vacancy. See DRONE VIDEO for a tour of the building.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
38,194 SF
Building Class
B
Year Built/Renovated
1964/2011
Cap Rate
7%
Percent Leased
76%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
18,194 SF
Building FAR
1.33
Lot Size
0.66 AC
Zoning
UNC - Urban Neighborhood Commercial
Parking
22 Spaces (0.58 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,445,800 | |
| Land Assessment | $412,300 | Total Assessment | $1,858,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$412,300
Improvements Assessment
$1,445,800
Total Assessment
$1,858,100
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
