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    2801 Penn Ave Pittsburgh, PA 15222

    For Sale
    Contact for pricing

    Office building and parking lot in Pittsburgh's vibrant Strip District.

    Property size:
    22,248 SF

    Property Features for 2801 Penn Ave

    General Information

    Size
    22,248 SF

    Source: Jason Campagna Agent Jason Campagna

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Strip District Redevelopment Opportunity

    Located in Pittsburgh's Strip District, the property at 2801 Liberty Ave and 2828 Penn Ave presents a versatile opportunity for redevelopment, an owner-user, or an investor. The property includes a 22,248 square foot office building situated on an 18,600 square foot lot, along with an 18,800 square foot vacant parking lot. The location in the Strip District places it within a dynamic neighborhood that blends technology firms, creative offices, retail spaces, dining establishments, and residential developments, all within walking distance of Downtown Pittsburgh. The property's zoning and square footage offer potential for multifamily apartments or condos, mixed-use developments, or creative office/tech spaces. The Strip District sub-market is surrounded by large residential and commercial developments, and is a walkable, high-demand corridor. The location offers access and visibility, with approximately 11,533 cars passing per day on Liberty Ave.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Klavon's Ice Cream ... Ice Cream Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.975244
    Latitude
    40.457477

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    FAQs

    What type of property is this?
    Office building - Office building and parking lot in Pittsburgh's vibrant Strip District.
    Where is this office building located?
    The property is located at 2801 Penn Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: - Prime location in Pittsburgh's Strip District.; - Significant re-development potential for multifamily, mixed-use, or creative office/tech space.; - Large 22,248 SF office building and 18,800 SF vacant parking lot.
    (724) 825-3137
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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
    2801 Penn Ave Pittsburgh, PA 15222
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