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    1421 Penn Ave Pittsburgh, PA 15222

    Sponsored
    For Sale
    Contact for pricing

    Prime Pittsburgh location, flexible space available.

    Property size:
    6,468 SF

    Description

    Added:
    Jan 20, 2025
    Days on Market:
    351
    This exceptional two-story retail/office property, situated at 1421 Penn Ave in Pittsburgh, Pennsylvania, 15222, offers a unique opportunity for businesses seeking a vibrant and accessible location. The building boasts a total of 6,468 square feet, providing ample space for a variety of uses. The property is highly adaptable, with the landlord open to subdividing the space to accommodate specific tenant needs. This flexibility makes it ideal for both single-tenant occupancy or multiple businesses seeking a collaborative environment. The building features excellent showroom space, perfect for showcasing products or services. Its prime location in the bustling Strip District places it in close proximity to numerous amenities and attractions, including the Homewood Suites by Hilton, Heinz History Center, and Facebook's District Fifteen office. The 0.15-acre lot provides ample space for potential expansion or outdoor amenities. The property's size allows for a range of configurations, from 3,234 square feet to the full 6,468 square feet. This presents a rare opportunity to secure a prominent presence in one of Pittsburgh's most dynamic and sought-after neighborhoods. The property is available for sale.

    Property Features for 1421 Penn Ave

    General Information

    Property type
    Other retail properties
    Square Feet
    6,468 SF
    Elevators
    N/A
    Lot Size
    6,468 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • Prime Strip District location near major hotels and businesses.
    • 6,468 square foot, two‑story building with flexible space options.
    • Landlord willing to subdivide for smaller tenants; great showroom space available.
    Location Intelligence

    Current Use by Public Records

    Shehady Carpet & Rugs Oriental Rug Store Cory Bonnet Artist

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    State
    Pennsylvania
    Longitude
    -79.989493
    Latitude
    40.447847

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    FAQs

    What type of property is this?
    Other retail property - Prime Pittsburgh location, flexible space available.
    Where is this other retail property located?
    The property is located at 1421 Penn Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: Prime Strip District location near major hotels and businesses.; 6,468 square foot, two-story building with flexible space options.; Landlord willing to subdivide for smaller tenants; great showroom space available.
    (724) 825-0888
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    Pittsburgh, PA 15222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1421 Penn Ave Pittsburgh, PA 15222
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