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    3220-3232 Penn Ave Pittsburgh, PA 15201

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    For Sale
    Contact for pricing

    24,000 SF flex warehouse in the heart of Strip District.

    Property size:
    24,000 SF

    Property Features for 3220-3232 Penn Ave

    General Information

    Size
    24,000 SF

    Building Details

    Year built
    1966

    Source: Howard West Agent Howard West

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

    Overview

    Strip District Flex Warehouse

    This 24,000 square foot flex warehouse is situated on a 0.84-acre lot in the heart of the Strip District. The property is zoned RIV-IMU (Riverfront Industrial Mixed-Use) and offers potential for vertical construction of up to 155 units. The building is currently 100% occupied by three tenants: Work America, Hounds Town, and Door Dash, providing substantial in-place cash flow. The property features 28 parking spaces and three drive-in doors. Conveniently located, it is 1.9 miles from the CBD, 2.1 miles from Route 28, and 2.1 miles from I-376 and I-579. The location provides steps to numerous nearby amenities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    Grandma Joan's, Soiree Partners, Common Plea Catering, Common Plea Catering, Millie's Homemade Truck - Tiny Fleet

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.969279
    Latitude
    40.460942

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    FAQs

    What type of property is this?
    Flex space - 24,000 SF flex warehouse in the heart of Strip District.
    Where is this flex space located?
    The property is located at 3220-3232 Penn Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: - Substantial in-place cash flow from 100% occupancy by 3 tenants.; - Carried land play with potential for vertical construction of up to 155 units due to RIV-IMU zoning.; - Prime location in the heart of the Strip District, offering steps to numerous nearby amenities.
    (412) 528-1301
    Request Owner's contact information
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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
    3220-3232 Penn Ave Pittsburgh, PA 15201
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