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    2800 Penn Ave Pittsburgh, PA 15222

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    For Lease
    $13 SF/Yr

    Exceptional redevelopment opportunity in Pittsburgh's Strip District for sale/lease.

    Property size:
    20,000 SF
    Lot size:
    20,000 SF

    Property Features for 2800 Penn Ave

    General Information

    Size
    20,000 SF

    Source: Nathan Pazsint Agent Nathan Pazsint

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

    Overview

    Strip District Redevelopment Opportunity

    This property presents a redevelopment or acquisition opportunity in Pittsburgh’s Strip District. The property, situated on a 0.33-acre parcel, currently features a 20,000-square-foot, two-level warehouse with a retail showroom and office space. The ground level includes 3,000 square feet of retail or office space and a 7,000-square-foot heated warehouse, equipped with a 12-foot by 20-foot rollup door and receiving dock. The second floor offers a 10,000-square-foot heated warehouse. A parking lot is available for 14 cars. The property's RIV-IMU zoning allows for various uses, including multi-unit residential, grocery, hotel, retail, and dispensary. The current tenant, who has occupied the space since 1951, will be vacating on December 31, 2025. The property could be utilized as commercial flex with parking already in place, or redeveloped as a new venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Penn Fixture & Supply Restaurant Supply Store

    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.

    Similar Places Nearby

    Shi Inc, Department of Court Records, Self Storage, Bounce Luggage Storage - Downtown Pittsburgh, Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.974942
    Latitude
    40.457104

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    FAQs

    What type of property is this?
    Warehouse - Exceptional redevelopment opportunity in Pittsburgh's Strip District for sale/lease.
    Where is this warehouse located?
    The property is located at 2800 Penn Ave Pittsburgh, PA.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity in Pittsburgh's Strip District.; - RIV-IMU zoning allows for multi-unit residential, grocery, hotel, retail, and dispensary use.; - .33 AC parcel with existing 20KSF, 2-level warehouse with retail showroom & office.
    (412) 352-8754
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    2800 Penn Ave Pittsburgh, PA 15222
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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
    2800 Penn Ave Pittsburgh, PA 15222
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