610 Wood St., Pittsburgh, PA
Office for Sale - $3,895,000 - 40,200 Sq. Ft. on 0.16 acres


Property Info
CIMLS# | 955709 |
Location 610 Wood St. Pittsburgh PA 15222 | |
Updated | June 14th, 2017 |
Type | Office |
Price | $3,895,000 |
Building | 40,200 Sq. Ft. |
Land | 0.16 acres |
Property Description
SVN | Three Rivers Commercial Advisors is pleased to present this mixed use opportunity in Downtown Pittsburgh. The building is approx. 42,000 SF and consists of street level retail with office space above. CVS has vacated,but paying through the end of April 2017. The Urban League of Greater Pittsburgh occupies (3) floors. Opportunity to lease the top two floor to increase income. Verizon tower on the roof brings in steady income with a lease through 2031. Major capital upgrades have been made to the building, including but not limited to: new HVAC system (floor 1-4) and stripped old paint off facade and repointed building; tenants on Floors 2-4 were provided complete new buildout prior to moving in. Roof (rubber) - 2005. Two Elevators in the building. The building is sprinklered. Two staircases plus a fire escape. Street Retail unit has separate G&E. All other utilities are on one meter.
Cap Rate / Income based on Retail space being occupied. Opportunity to add even more value by leasing the top (2) floors.
Location Description:
Downtown
Highlights:
>> Rare opportunity to acquire a property in Pittsburgh's Central Business District
>> Useable basement with high ceilings (additional 6500 SF)
>> Six story brick building built in 1910
>> Conventient location: at the corner of Wood St. and Liberty Ave; directly across from Wood St. Station and Benedum Theater
* Email for additional photos
** This property also has spaces available for lease.