Mixed-Use Investment
For Sale
Contact for pricing
2124 Penn Ave, Pittsburgh, PA 15222
A mixed-use asset with in-place income and noted capital improvements in Pittsburgh’s Strip District area.
Property Size37,500 SF
Days on Market55
Property Features for 2124 Penn Ave
General Information
Standard status
Active
Size
37,500 SF
Property subtype
Mixed-Use
Building Details
Building Size
37,500 SF
Year Built
1903
Listing Agency:
Lee & Associates | Western PA
(412) 512-3737
Listed By:
Dana Grau, SIOR, CCIM
(412) 512-3737
Source:
Lee-associates
Added: Jun 29
Changed: Aug 19
Last Checked: Aug 22 at 4:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Western PA
Investment Insights
Based on property information with market context.
This mixed-use investment property is presented as a legacy asset with in-place income and significant capital improvements, described as being in exceptional condition. The offering also highlights adaptive reuse considerations, including potential for conversion to multifamily uses, depending on redevelopment goals.
The property is located on Penn Avenue in Pittsburgh, positioned within the Strip District area. The surrounding environment is described as a mix of residential, office, retail, hospitality, and technology investment, with the broader neighborhood referenced as continuing to experience population growth.
For buyers and investors evaluating mixed-use holdings, this asset is positioned for those interested in maintaining current income while planning capital upgrades or pursuing redevelopment pathways. The stated focus on long-term investment, adaptive reuse, and potential multifamily conversion makes it most suitable for operators who want flexibility in how the property is ultimately utilized within the mixed-use context.
The property is located on Penn Avenue in Pittsburgh, positioned within the Strip District area. The surrounding environment is described as a mix of residential, office, retail, hospitality, and technology investment, with the broader neighborhood referenced as continuing to experience population growth.
For buyers and investors evaluating mixed-use holdings, this asset is positioned for those interested in maintaining current income while planning capital upgrades or pursuing redevelopment pathways. The stated focus on long-term investment, adaptive reuse, and potential multifamily conversion makes it most suitable for operators who want flexibility in how the property is ultimately utilized within the mixed-use context.
Key Highlights
- Year built: 1903
- Mixed‑use investment asset with in‑place income
- Noted significant capital improvements
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,637
Businesses Nearby
Explore this area
Business Placement
Demographics for 15222, PA
5,976
Population
4,008
Households
1.5
Avg Household Size
33
Median Age
77%
College-Educated
99%
High-School Grad
0.9 sq mi
ZIP Area
6,640
Density / Sq Mi
$111,926
Median Household Income
$61,190
Median Earnings
$1,963
Median Rent
$557,800
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A mixed-use asset with in-place income and noted capital improvements in Pittsburgh’s Strip District area.
Where is this mixed-use property located?
The property is located at 2124 Penn Ave Pittsburgh, PA.
What are key features of this property?
This property features: Year built: 1903; Mixed‑use investment asset with in‑place income; Noted significant capital improvements
