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Mutual Building 816 5th Ave 23,000 SF 71% Leased Office Building Pittsburgh, PA 15219 $1,564,000 ($68/SF)
Investment Highlights
- Located on a major bus line.
- Large parking garage across for the Mutual Building.
- Large windows with ample exposure to natural light.
- High Ceilings.
Executive Summary
This 8-story, 23,000 SF brick office building, located at 816 5th Avenue in downtown Pittsburgh, offers a prime investment opportunity in the Central Business District. Built in 1900 and recently upgraded with a new elevator (2023), video surveillance, and modern entrance doors (2025), the property combines historic charm with contemporary functionality. Features include large windows, exposed brick walls, high ceilings, and a full-service restaurant on the first floor. Positioned near the County Courthouse and major transit lines, with a parking garage directly across the street, this building is ideal for an owner-user or investor seeking a well-maintained, centrally located asset.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
23,000 SF
Building Class
B
Year Built/Renovated
1900/1979
Price
$1,564,000
Price Per SF
$68
Percent Leased
71%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
2,875 SF
Slab To Slab
11’
Building FAR
4.80
Lot Size
0.11 AC
Opportunity Zone
Yes
Amenities
- Bus Line
- Commuter Rail
- Property Manager on Site
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
1,778 square foot fifth floor office space available for lease at $10/SF plus janitorial services.
3,198 square foot sixth floor office space available for lease at $10/SF plus janitorial services.
1,627 square foot seventh floor office space available for lease at $10/SF plus janitorial services.
| Space | Size | Space Use | Build-Out | Available |
| 5th Floor | 1,778 SF | Office | Full Build-Out | Now |
| 6th Floor | 3,198 SF | Office | Partial Build-Out | Now |
| 7th Floor | 1,627 SF | Office | Partial Build-Out | Now |
5th Floor
| Size |
| 1,778 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
6th Floor
| Size |
| 3,198 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
7th Floor
| Size |
| 1,627 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
5th Floor
| Size | 1,778 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
1,778 square foot fifth floor office space available for lease at $10/SF plus janitorial services.
6th Floor
| Size | 3,198 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
3,198 square foot sixth floor office space available for lease at $10/SF plus janitorial services.
7th Floor
| Size | 1,627 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
1,627 square foot seventh floor office space available for lease at $10/SF plus janitorial services.
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Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 0002-F-00318-0000-00 | Improvements Assessment | $610,400 |
| Land Assessment | $152,600 | Total Assessment | $763,000 |
Property Taxes
Parcel Number
0002-F-00318-0000-00
Land Assessment
$152,600
Improvements Assessment
$610,400
Total Assessment
$763,000
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