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TEAMSTER TEMPLE LOCAL #249 4701 Butler St 18,957 SF 100% Leased Office Building Pittsburgh, PA 15201 $6,500,000 ($342.88/SF)
EXECUTIVE SUMMARY
Highly desirable 1.07-acre corner lot in Lawrenceville
Adaptive re-use or new construction opportunity
Close to shops and restaurants on Butler Street, Robotics Row, UPMC Children’s Hospital, and more
A three-story, 18,957-sf brick elevator building with a two-level auditorium, offices, integrated parking, and a newly paved surface parking lot
Over one contiguous acre of land (Parcel # 0080-P-00340-0000-00)
Zoned LNC, Local Neighborhood Commercial District
Income-producing Verizon Tower lease transfers with the property
On bus routes 91/93 and only .5 miles to 40th St Bridge
Walkable to shops and restaurants on Butler Street, such as La Gourmandine, The Abbey, Walter’s BBQ Southern Kitchen, Lawrence Hall, and Busy Beaver (Walk Score= 90 “Walker’s Paradise”)
Located 1.5 miles to the Strip District and 3 miles to David H. Lawrence Convention Center
In Arsenal and Milliones School District
Green views
125 surface parking spaces
Adaptive re-use or new construction opportunity
Close to shops and restaurants on Butler Street, Robotics Row, UPMC Children’s Hospital, and more
A three-story, 18,957-sf brick elevator building with a two-level auditorium, offices, integrated parking, and a newly paved surface parking lot
Over one contiguous acre of land (Parcel # 0080-P-00340-0000-00)
Zoned LNC, Local Neighborhood Commercial District
Income-producing Verizon Tower lease transfers with the property
On bus routes 91/93 and only .5 miles to 40th St Bridge
Walkable to shops and restaurants on Butler Street, such as La Gourmandine, The Abbey, Walter’s BBQ Southern Kitchen, Lawrence Hall, and Busy Beaver (Walk Score= 90 “Walker’s Paradise”)
Located 1.5 miles to the Strip District and 3 miles to David H. Lawrence Convention Center
In Arsenal and Milliones School District
Green views
125 surface parking spaces
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
18,957 SF
Building Class
C
Year Built
1953
Price
$6,500,000
Price Per SF
$342.88
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,319 SF
Slab To Slab
11’
Building FAR
0.44
Lot Size
1.00 AC
Zoning
LNC - Local Neighborhood Commercial
Parking
85 Spaces (4.48 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 0080-P-00340-0000-00 | Improvements Assessment | $435,000 |
| Land Assessment | $145,000 | Total Assessment | $580,000 |
PROPERTY TAXES
Parcel Number
0080-P-00340-0000-00
Land Assessment
$145,000
Improvements Assessment
$435,000
Total Assessment
$580,000
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TEAMSTER TEMPLE LOCAL #249 | 4701 Butler St
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