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    601-613 Penn Ave Pittsburgh, PA 15221

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    For Lease
    $28 SF/Yr ($8,073 /Mo)

    Retail space in the heart of Pittsburgh's art and entertainment.

    Property size:
    3,460 SF
    Lot size:
    0.44 Acres

    Property Features for 601-613 Penn Ave

    General Information

    Size
    3,460 SF
    Lot size
    0.44 Acres

    Source: Hanna Commercial Real Estate | Pittsburgh Agent Gary S. Wilson, SIOR

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

    Overview

    Retail Space in Cultural District

    Located in the heart of the city's art and entertainment scene, this retail space is situated on Penn Avenue, within downtown Pittsburgh's nightlife center. The property benefits from its proximity to five major performing arts theaters, galleries, nightclubs, and the David Lawrence Convention Center. As part of the greater downtown Pittsburgh area, the location is within a 10-minute walk to all of the Central Business District. The area attracts approximately 2 million patrons annually to the cultural district and is within walking distance of Pittsburgh's three professional sports teams. The property offers a space of 3,460 square feet and is available for rent.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.002142
    Latitude
    40.4428

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    FAQs

    What type of property is this?
    Retail space - Retail space in the heart of Pittsburgh's art and entertainment.
    Where is this retail space located?
    The property is located at 601-613 Penn Ave Pittsburgh, PA.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Heart of the city's art and entertainment scene.; - Walking distance to Pittsburgh's three professional sports teams.; - Enjoy the convenience of being within a 10-minute walk to all of CBD.
    (412) 261-2200
    Request Owner's contact information
    601-613 Penn Ave Pittsburgh, PA 15221
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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
    601-613 Penn Ave Pittsburgh, PA 15221
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