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8306 Ohio River Blvd 2,000 SF 100% Leased Office Building Pittsburgh, PA 15202 $329,000 ($164.50/SF) 6.50% Cap Rate
Investment Highlights
- Fireplace on 1st floor primary office, relaxing patio area in rear of building
- some exposed brick areas throughout the building
- close to all major highways and airport
- Sky lights on 3rd floor
- heavy traffic during working hours
Executive Summary
Exceptional Location in the Heart of Emsworth Just 20 minutes from downtown, Route 279, Route 8, and Pittsburgh International Airport, this property boasts a prime location. All three floors underwent full renovation in the early 2000s. The second floor features offices equipped with a kitchenette and a full bath, allowing for comfortable living on the second and third floors while conducting business on the first floor. Ample parking is available at the rear, including one handicap space and four additional parking spots. Additional highlights include elegant crown molding, built-in book cabinetry, a functioning fireplace in the first-floor office, and a spacious reception area that is handicap accessible. Notable updates comprise a newer curved staircase leading to the second floor, enhanced electrical systems, a powder room on the first floor, updated insulation and ductwork, steel doors and reinforced basement walls, and extra storage on the third floor with a pull-down attic. Recent improvements include new carpeting, a hot water tank, exterior lighting, a rear porch roof, and a large concrete driveway. This space is ideal for an attorney’s office,
insurance company, and various other options.
could convert to residential would need to install Kitchen and approval with Emsworth zoning officer.
insurance company, and various other options.
could convert to residential would need to install Kitchen and approval with Emsworth zoning officer.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
1900/2008
Price
$329,000
Price Per SF
$164.50
Cap Rate
6.50%
NOI
$21,385
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
667 SF
Building FAR
0.28
Lot Size
0.16 AC
Zoning
c-office - DWG used as office but many options check with zoning officer
Parking
4 Spaces (2 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0275-S-00132-0000-00 | Improvements Assessment | $26,200 |
| Land Assessment | $44,800 | Total Assessment | $71,000 |
Property Taxes
Parcel Number
0275-S-00132-0000-00
Land Assessment
$44,800
Improvements Assessment
$26,200
Total Assessment
$71,000
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8306 Ohio River Blvd
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