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1940 5TH AVENUE 1940 5th Ave 12,931 SF 100% Leased Office Building Pittsburgh, PA 15219 $4,169,970 CAD ($322.48 CAD/SF) 7.76% Cap Rate
INVESTMENT HIGHLIGHTS
- Stunning, renovated, brick building with multiple tenants and off street private parking and courtyard in one of Pittsburgh's Opportunity Zones.
EXECUTIVE SUMMARY
This income producing property is located in an Opportunity Zone and has Multiple Tenants. The building is located conveniently between downtown Pittsburgh and the Pitt and CMU campuses. There are tax benefits available for tenants due to the desirable Keystone Innovation Zone location. Extensive renovations have been completed inside and out and the building and grounds have been meticulously cared for. Included with the building are two full side lots, grassy and gardened, with off street parking for 15 vehicles.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
12,931 SF
Building Class
C
Year Built
1900
Price
$4,169,970 CAD
Price Per SF
$322.48 CAD
Cap Rate
7.76%
NOI
$323,775 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,310 SF
Building FAR
2.47
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
COMMERCIAL - Commercial Zoned in Pittsburgh's Opportunity Zone
Parking
15 Spaces (1.16 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (75)
Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 0011-K-00015-0000-00 | Total Assessment | $1,004,110 CAD (2025) |
| Land Assessment | $144,343 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $859,768 CAD (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0011-K-00015-0000-00
Land Assessment
$144,343 CAD (2025)
Improvements Assessment
$859,768 CAD (2025)
Total Assessment
$1,004,110 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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Presented by
Broadview Realty
1940 5TH AVENUE | 1940 5th Ave
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