Patterson Bldg 230 Third Ave 51,200 SF Office Building Pittsburgh, PA 15222 $2,300,000 ($44.92/SF)

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.