Office Space - For Sale
70 South 12th Street Pittsburgh, PA 15203
Details & Description
Price: $495,000
  • Property Type Office for Sale : Professional
  • Lot Size Acres 0.000
  • Building Sq Ft 3,506
  • Building Price per Sq Ft $141.19
SVN | Three Rivers Commercial Advisors is pleased to present this unique opportunity to acquire a mixed use building on Pittsburgh's South Side. The building consists of office space on floors 1-2 and an apartment on the 3rd floor with a roof top deck, granite counter tops, and a gas fire place. The building has been completely renovated on the exterior and interior, with new furnaces. The property is currently being leased to National Counseling Group (NCG), which is a behavioral healthcare group - as a triple net lease for the entire building. This tenant will be vacating and the property will be vacant.The rent roll provided reflects the current rent roll, and thus the potential scenario for a market rate tenant/ income as an investment property.HighlightsOpportunity to acquire a mixed-use asset on Pittsburgh's South Side, steps away from the popular East Carson Street.Class A apartment located on top floor with roof top deck showcasing great views of downtown Pittsburgh and South Side.Potential for an owner user or investment opportunity - Currently Rent Roll includes: Loft Lease - $2,200 / Month & Floors 1-2 Office Lease - $3,300 / Month (Current tenant will be vacating)New furnaces (Basement - 1 year old. 3rd Floor - 8 months)Granite appliances, laundry, and gas fire place in the 3rd floor apartment unit
Listing Agents
Keane George
SVN Three Rivers Commercial A
O: 412-535-5755
M: 724-699-4707
keane.george@svn.com
SVN Three Rivers
SVN Three Rivers
O: 412-535-8050
threeriversadmin@svn.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

70 South 12th Street

Pittsburgh, PA 15203

Listing ID: 207641
$495,000
For Sale
  • Property Type Office for Sale : Professional
  • Lot Size Acres 0.000
  • Building Sq Ft 3,506
  • Building Price per Sq Ft $141.19
  • 70 South 12th Street Pittsburgh, PA 15203 | for Sale | Photo 1
  • 70 South 12th Street Pittsburgh, PA 15203 | for Sale | Photo 2
  • 70 South 12th Street Pittsburgh, PA 15203 | for Sale | Photo 3
70 South 12th Street | for Sale | Thumbnail 1
70 South 12th Street | for Sale | Thumbnail 2
70 South 12th Street | for Sale | Thumbnail 3
Description

SVN | Three Rivers Commercial Advisors is pleased to present this unique opportunity to acquire a mixed use building on Pittsburgh's South Side. The building consists of office space on floors 1-2 and an apartment on the 3rd floor with a roof top deck, granite counter tops, and a gas fire place. The building has been completely renovated on the exterior and interior, with new furnaces. The property is currently being leased to National Counseling Group (NCG), which is a behavioral healthcare group - as a triple net lease for the entire building. This tenant will be vacating and the property will be vacant.

The rent roll provided reflects the current rent roll, and thus the potential scenario for a market rate tenant/ income as an investment property.

Highlights

Opportunity to acquire a mixed-use asset on Pittsburgh's South Side, steps away from the popular East Carson Street.

Class A apartment located on top floor with roof top deck showcasing great views of downtown Pittsburgh and South Side.

Potential for an owner user or investment opportunity - Currently Rent Roll includes: Loft Lease - $2,200 / Month & Floors 1-2 Office Lease - $3,300 / Month (Current tenant will be vacating)

New furnaces (Basement - 1 year old. 3rd Floor - 8 months)

Granite appliances, laundry, and gas fire place in the 3rd floor apartment unit

Listing Demographics for 70 South 12th Street Pittsburgh, PA 15203

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population26,960161,384404,256
Population Median Age343739
Population by Age0-9 Yrs1565 (5%)11672 (7%)36766 (9%)
10-19 Yrs3587 (13%)21389 (13%)44492 (11%)
20-29 Yrs9537 (35%)43850 (27%)86977 (21%)
30-39 Yrs3999 (14%)24363 (15%)63329 (15%)
40-49 Yrs2224 (8%)13306 (8%)38615 (9%)
50-59 Yrs2418 (8%)17350 (10%)47239 (11%)
60-69 Yrs2121 (7%)15293 (9%)44844 (11%)
70+ Yrs1510 (5%)14162 (8%)41994 (10%)
Median HH Income$42,888$44,982$53,144
Total Household Income< 24K3221 (34%)22526 (31%)48307 (26%)
25-49K1977 (20%)15999 (22%)39497 (21%)
50-74K1378 (14%)10553 (14%)29514 (16%)
75-99K822 (8%)7710 (10%)21925 (11%)
100-199K1617 (17%)11471 (15%)34208 (18%)
200K+414 (4%)3642 (5%)10562 (5%)
Highest Education LevelNo Diploma1592827918897
Diploma or GED52892877272377
Some College30891665142985
Assoc. Degree1282881423458
Bachelors Degree30252272267461
Higher Degree22201895356938
Total Housing Units11,93983,760207,526
--Owner-Occupied3,53431,92692,737
--Renter-Occupied5,89539,97491,276
Owner-Occupied Values< 100K16161387131162
100-199K8331037234052
200-299K678367913167
300-399K21316425971
400-499K1028243180
500K+9215385205
Total Working Age Population24,664143,343347,195
In Work Force13,00288,851224,137
Not In Work Force11,66254,492123,057
Workforce Employed12,31983,604212,931
Workforce Unemployed6835,14910,985
Civlian Workforce13,00288,753223,916
Military Workforce099221
Total Households9,42971,900184,013
Family Households3,28627,66582,988
Non-Family Households6,14344,235101,025
Married Couple1,86716,86356,108
Other Family1,41910,80226,880
Married w/Child4145,14119,044
Single Male w/Child1389712,787
Single Female w/Child5704,13110,331

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
Allegheny County1,281,666-51,223,348+31,265,919+31,307,654
Washington County202,897+2207,8200206,9420207,065
Westmoreland County369,993-1365,169-2358,574-1354,298

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
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552 North Neville Street, Pittsburgh, PA $230,000 1460 0.64
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Closest Commercial Airports
Airport Distance (mi)
Pittsburgh International Airport (PIT) 14
Erie International Tom Ridge Field (ERI) 115
Cleveland Hopkins International Airport (CLE) 119
Listing Agent
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