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    6015-6017 Penn Avenue Pittsburgh, PA 15206

    Sponsored
    For Sale
    $1,200,000

    Three-story building, high traffic area, redevelopment opportunity.

    Property size:
    18,842 SF

    Description

    Added:
    Jan 20, 2025
    Days on Market:
    351
    This exceptional three-story mixed-use building presents a compelling redevelopment opportunity in Pittsburgh's vibrant East Liberty neighborhood. Located at 6015-6017 Penn Avenue, this 18,842 square foot property boasts a prime location with significant foot and vehicular traffic. The building currently houses Sunshine Snacks & Smokes, generating a monthly rental income of $2,400 plus utilities. The property features 44 feet of frontage on Penn Avenue and 45 feet on Kirkwood Street, ensuring high visibility and accessibility. Its strategic position offers close proximity to major retailers such as Target and Home Depot, further enhancing its appeal and potential. The high traffic intersection sees approximately 16,000 vehicles daily, providing substantial exposure for any future development. This is an exceptional opportunity to acquire a substantial property in a rapidly developing area with significant upside potential. The lot size is 0.43 acres. The building's existing tenant provides immediate cash flow while offering the flexibility to redevelop this valuable asset to suit a variety of uses. This property is priced at $1,200,000.

    Property Features for 6015-6017 Penn Avenue

    General Information

    Property type
    Other mixed-use properties
    Square Feet
    18,842 SF
    Price / Square Foot
    $63
    Elevators
    N/A
    Lot Size
    18,842 SF

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • Three‑story mixed‑use building offering 18,842 square feet of redevelopment potential.
    • Prime East Liberty location with high traffic counts exceeding 16,000 vehicles daily.
    • 44‑foot Penn Avenue frontage and 45‑foot Kirkwood Street frontage, ideal for retail.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    State
    Pennsylvania
    Longitude
    -79.923844
    Latitude
    40.461458

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    FAQs

    What type of property is this?
    Mixed-use property - Three-story building, high traffic area, redevelopment opportunity.
    Where is this mixed-use property located?
    The property is located at 6015-6017 Penn Avenue Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Three-story mixed-use building offering 18,842 square feet of redevelopment potential.; Prime East Liberty location with high traffic counts exceeding 16,000 vehicles daily.; 44-foot Penn Avenue frontage and 45-foot Kirkwood Street frontage, ideal for retail.
    (724) 759-5164
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    6015-6017 Penn Avenue Pittsburgh, PA 15206
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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
    6015-6017 Penn Avenue Pittsburgh, PA 15206
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