Listed by SVN | Three Rivers Commercial Advisors
$1,798,000
112 3rd Ave
Details
Property Type Retail, Office
Sub Type Executive Office, Commercial
Square Footage 18,204
Price per SqFt $90
Class B
Year Built 2006
Stories 2
Acreage 0.250
Parking Spaces 2 spaces
Parking per 1,000 SqFt 0.11
Office/Medical Building Investment Sale
Marketing description
SVN Three Rivers Commercial Advisors is pleased to present for sale a well-maintained, 87% leased traditional office and medical office building at 112 3rd Avenue in Carnegie, PA. The building offers approximately 17,343 SF of GBA on 0.25 acres. This two-story, ADA-accessible property features 4 tenants and is supported by newer leases, delivering strong cash flow from day one—while still offering additional space to lease and further maximize value. Situated in a highly convenient part of Carnegie, just steps from downtown, you’ll enjoy easy access to restaurants, coffee shops, and shopping. With quick connectivity to I-79 and I-376, commuting throughout Pittsburgh and the surrounding area is simple and efficient.
Investment highlights
- 8.7% Cap rate
- 2 - story building with elevator
- 1st floor space available of approximately 2,200 SF
- 4 current tenants with in place NOI of $155,580
- Paid parking lot in the back, tenants cover their own parking (landlord has no parking maintenance fees)
- 2 onsite parking spaces
- First floor patio space
- No deferred maintenance
- Excellent location - close proximity to Pittsburgh International Airport and Downtown Pittsburgh
Listing Contacts
Listed by SVN | Three Rivers Commercial Advisors
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