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3485 Butler St 4,950 SF Office Building Pittsburgh, PA 15201 $1,375,000 ($277.78/SF) 7.76% Cap Rate

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Executive Summary

For sale is a + /-8,950sf, open brick and timber, collaborative workspace in the heart of Lawrenceville, one of Pittsburgh's most desirable residential neighborhoods! Don’t miss this chance to add an historic former stable building which boasts 40+ feet of frontage on one of Pittsburgh’s most in demand retail corridors to your portfolio. This fully leased and flexible investment offers wide open spaces and tall ceilings, mezzanine with open concept office, R&D space, kitchen, conference rooms, offices, and break out rooms. Long term upside includes the value add opportunity of improving +/- 4,000 sf of lower level space with garage door access! Hurry this won't last long!

3485 Butler - Flyer

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Building Size

4,950 SF

Building Class

Year Built/Renovated

1888/2000

Price

$1,375,000

Price Per SF

$277.78

Cap Rate

7.76%

NOI

$106,700

Tenancy

Single

Building Height

2 Stories

Typical Floor Size

2,475 SF

Building FAR

1.20

Lot Size

0.09 AC

Zoning

LNC - Local Neighborhood Commercial

Parking

8 Spaces (1.62 Spaces per 1,000 SF Leased)

Property Manager on Site

Certified

LEED certification is a globally recognized symbol of sustainability achievement.

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)

Space Availability

Space
Size
Space Use
Build-Out
Available

1st Floor
100 SF
Office
Full Build-Out
Now

Single tenant facility with indoor parking available for lease or sublease. Exposed ceiling, open plan layout, mezzanine, tall ceilings, tall windows, move-in-ready space.