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REDEVELOPMENT OPPORTUNITY BY UPMC MERCY 1801 Boulevard of the Allies 12,755 SF Office Building Pittsburgh, PA 15219 $1,874,475 CAD ($146.96 CAD/SF)
INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity
- Opportunity Zone
- Steps From $500 Million UPMC Mercy Redevelopment
- Plans for Multifamily Redevelopment
- Exclusive Tenant Improvements
- Education, Medical and Technology hub
EXECUTIVE SUMMARY
Hardy World is pleased to offer 1801 Boulevard of the Allies, a historic property that lies directly in Pittsburgh’s path of growth.
Within a few years, this area of Uptown will be transformed completely thanks to UPMC’s new Mercy Campus.
The state’s largest employer has invested $500 million dollars into this hospital, which will total 410,000 SF and contain over 100,000 SF of dedicated research space. UPMC’s world-class researchers will be working on curing a variety of visual ailments-including blindness-and the site will be a go to destination for doctors, nurses, and patients for generations to come.
Additionally, the property is located within walking distance of PPG Paints Arena and the First National Bank Tower, which connects 1801 Blvd of the Allies with the heart of downtown’s finance scene as well.
1801 has a myriad of uses. There is the potential to renovate into offices and coworking suites, student houses or luxury apartments. The excess land can be developed for parking and to top it all off, the site is in a Qualified Opportunity Zone as well.
Within a few years, this area of Uptown will be transformed completely thanks to UPMC’s new Mercy Campus.
The state’s largest employer has invested $500 million dollars into this hospital, which will total 410,000 SF and contain over 100,000 SF of dedicated research space. UPMC’s world-class researchers will be working on curing a variety of visual ailments-including blindness-and the site will be a go to destination for doctors, nurses, and patients for generations to come.
Additionally, the property is located within walking distance of PPG Paints Arena and the First National Bank Tower, which connects 1801 Blvd of the Allies with the heart of downtown’s finance scene as well.
1801 has a myriad of uses. There is the potential to renovate into offices and coworking suites, student houses or luxury apartments. The excess land can be developed for parking and to top it all off, the site is in a Qualified Opportunity Zone as well.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
12,755 SF
Building Class
B
Year Built
1900
Price
$1,874,475 CAD
Price Per SF
$146.96 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,378 SF
Building FAR
1.33
Lot Size
0.22 AC
Opportunity Zone
Yes
Zoning
UPR-B - UPR-B Residential Core
Uptown Public Realm District
Transit Score®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 0011-J-00294-0000-00 | Improvements Assessment | $571,977 CAD |
| Land Assessment | $317,765 CAD | Total Assessment | $889,742 CAD |
PROPERTY TAXES
Parcel Number
0011-J-00294-0000-00
Land Assessment
$317,765 CAD
Improvements Assessment
$571,977 CAD
Total Assessment
$889,742 CAD
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REDEVELOPMENT OPPORTUNITY BY UPMC MERCY | 1801 Boulevard of the Allies
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