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    5707 Penn Ave Pittsburgh, PA 15206

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    For Lease
    Contact for pricing

    Development land in Pittsburgh's active neighborhood, near major developments.

    Lot size:
    0.81 Acres

    Property Features for 5707 Penn Ave

    General Information

    Lot size
    0.81 Acres

    Source: Colliers | Pittsburgh Agent John Bilyak, SIOR, CCIM

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

    Overview

    Prime Development Land in Pittsburgh

    This prime development land, encompassing 35,180 square feet, is situated in Pittsburgh's most active neighborhood. The property is located at a corner lighted intersection, directly across the street from a new mixed-use development site spanning 8 acres. Its location places it in close proximity to Carnegie Mellon University and the University of Pittsburgh, as well as being blocks from Whole Foods, Target, Home Depot, Eastside I, II & III, and Bakery Square, the headquarters of Google Pittsburgh. The surrounding area is experiencing over 1 billion dollars in new development.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.928246
    Latitude
    40.463065

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    FAQs

    What type of property is this?
    Land - Development land in Pittsburgh's active neighborhood, near major developments.
    Where is this land located?
    The property is located at 5707 Penn Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: - Prime development site in Pittsburgh's most active neighborhood (35,180 SF); - In the heart of over $1 billion in new development; - Corner lighted intersection across from new mixed-use development on 8 acres
    (412) 638-1753
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    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
    5707 Penn Ave Pittsburgh, PA 15206
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