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Pittsburgh Retail & Multi-Use Opportunity
For Sale
$1,995,000

6019-6021 Penn Ave, Pittsburgh, PA 15216

Former thriving retail shopping hub, 6019-6021 Penn Avenue, a 4-story, mixed use buildings

Property Size44,205 SF
Lot Size1.01 Acres
Price / SF$45.13
Days on Market580

Property Features for 6019-6021 Penn Ave

General Information

Standard status Active
Property type Shopping centers, Other retail properties, Other mixed-use properties, Retail properties & Spaces, Mixed-use properties
Size 44,205 SF
Elevators N/A
Lot size 1.01 Acres

Building Details

Buildings 2
Stories 4
Listing Agency:
Listed By: Garrett
Added: Jan 20, 2025 Changed: Mar 16

Investment Insights

Based on property information with market context.

Located at 6019-6021 Penn Avenue in Pittsburgh, PA, this investment opportunity includes two adjacent properties. The combined properties offer a total of 44,205 square feet across four stories. 6019 Penn Avenue is a four-story building totaling 12,720 square feet. The ground floor currently houses a clothing store which will vacate upon sale. The upper three floors are vacant. Adjacent 6021 Penn Avenue has nearly 6,000 square feet of first-floor retail space with 40 feet of frontage on Penn Avenue. Its upper three floors provide space for office, retail, or multi-family development, featuring clear-span floor plates and high ceilings. A sizable basement in 6021 Penn Avenue offers additional space for storage, leasing, or building management, accessible via elevator. Both properties are separately parceled and owned, sitting on a combined 1.01 acres. The location benefits from high vehicle traffic (approximately 18,443 vehicles per day) and substantial foot traffic, enhanced by its proximity to the East Side Bonds Development (361+ apartments and 40,000 square feet of retail). Nearby national retailers include Target, Whole Foods, Market District, Chase Bank, Trader Joes, and Home Depot.

Key Highlights

  • 6019 Penn Ave is a four‑story mixed use building totaling 12,720 SF.Owner currently operates a clothing store on the first floor but would vacate after the sale. 2nd, 3rd and 4th floor are all vacant Property is one contiguous space with 6021 Penn Ave.
  • 6021 Penn Ave features 4 stories with almost 6,000 square feet of prime retail space on the 1st floor with 40 feet of frontage on Penn Ave. 2nd, 3rd and 4th floors offer a wide open canvas for development of office, retail or multi family with clear span floor plates, high ceilings and generous amounts of square footage. The basement of the building also includes an abundance of open space with high ceilings and elevator access to accommodate for storage, additional space to lease or to house management of the building.
  • Each is separately parceled and owned.

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Daycare Center Electrical Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

709
Businesses Nearby
Under-served
Demand for This Use

Demographics for 15216, PA

22,966
Population
11,194
Households
2.1
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
6,755
Density / Sq Mi
$81,542
Median Household Income
$48,674
Median Earnings
$1,078
Median Rent
$193,700
Median Home Value

Market

Vacancy Rate% for Retail in Pittsburgh, PA

5.1% 2019
5.5% 2020
5.5% 2021
4.8% 2022
4.6% 2023
4.4% 2024
6.4% 2025
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Similar Off Market Nearby

  • Potamac Plaza 1441 Potomac Ave, Pittsburgh, PA 15216
  • Banksville Plaza Banksville Rd, Pittsburgh, PA 15216

Frequently Asked Questions

What type of property is this?
Shopping center - Former thriving retail shopping hub, 6019-6021 Penn Avenue, a 4-story, mixed use buildings
Where is this shopping center located?
The property is located at 6019-6021 Penn Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 6019 Penn Ave is a four‑story mixed use building totaling 12,720 SF.Owner currently operates a clothing store on the first floor but would vacate after the sale. 2nd, 3rd and 4th floor are all vacant Property is one contiguous space with 6021 Penn Ave.; 6021 Penn Ave features 4 stories with almost 6,000 square feet of prime retail space on the 1st floor with 40 feet of frontage on Penn Ave. 2nd, 3rd and 4th floors offer a wide open canvas for development of office, retail or multi family with clear span floor plates, high ceilings and generous amounts of square footage. The basement of the building also includes an abundance of open space with high ceilings and elevator access to accommodate for storage, additional space to lease or to house management of the building.; Each is separately parceled and owned.
More about this property
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