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    2826 Penn Ave Pittsburgh, PA 15222

    For Sale
    $1,500,000

    Development opportunity in walkable urban infill location.

    Property size:
    4,000 SF
    Lot size:
    0.09 Acres

    Property Features for 2826 Penn Ave

    General Information

    Size
    4,000 SF
    Lot size
    0.09 Acres

    Source: SVN | Three Rivers Commercial Advisors Agent Jason Campagna

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

    Overview

    Prime Development Land on Penn

    This property presents a development opportunity situated on Penn Avenue, between 28th and 29th streets. The location offers walkability to the Strip's retail area, restaurants, and new multifamily residences. The property is close to West Penn Hospital, UPMC Children's Hospital of Pittsburgh, and UPMC Shadyside. It provides regional access to Downtown, Lawrenceville, I-579, and I-279, as well as the Amtrak station. The property size is 4,000 square feet. Adjacent parcels are also available for sale.
    Insight Report Location Intelligence

    Current Use by Public Records

    PSX Security System Supplier

    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
    -79.974942
    Latitude
    40.457104

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    FAQs

    What type of property is this?
    Commercial land - Development opportunity in walkable urban infill location.
    Where is this commercial land located?
    The property is located at 2826 Penn Ave Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Rare development opportunity in a prime urban location.; - Walkable to Strip District retail, restaurants, and multifamily residences.; - Excellent regional access to Downtown, Lawrenceville, I-579, I-279, and Amtrak.
    (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
    2826 Penn Ave Pittsburgh, PA 15222
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