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Strip District Build-Out Opportunity
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2227 Penn Ave, Pittsburgh, PA 15222

Three-level open concept space in Pittsburgh's Strip District.

Property Size4,100 SF
Price / SF$426.83
Days on Market156

Property Features for 2227 Penn Ave

General Information

Standard status Active
Size 4,100 SF
Property subtype Office, Retail, Special Purpose
Zoning RIV-IMU
Listing Agency: Lounder Real Estate
Listed By: Johnny Lounder · License #RM062804A
Source: Crexi
Added: Mar 9 Changed: Aug 10 Last Checked: Aug 10 at 1:28PM

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 Lounder Real Estate

Investment Insights

Based on property information with market context.

This property presents a build-out opportunity in Pittsburgh's Strip District. The space features three levels of open-concept design, offering flexibility in creating a custom layout. The first floor provides approximately 4,100 square feet, while the second floor offers around 2,800 square feet, plus a mezzanine level. Capital improvements have been made, including a replaced roof, HVAC system, and sprinkler system. The zoning is RIV-IMU.

Key Highlights

  • Prime Strip District location
  • Three levels of open‑concept space (~4,100 sq. ft., ~2,800 sq. ft. plus Mezzanine) for flexible design
  • Capital improvements completed: replaced roof, HVAC, and sprinkler system

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Nursing Home Plumbing Service Tanning Salon Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

9,146
Businesses Nearby

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

5.1% 2019
5.5% 2020
5.5% 2021
4.8% 2022
4.6% 2023
4.4% 2024
6.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - Three-level open concept space in Pittsburgh's Strip District.
Where is this strip mall located?
The property is located at 2227 Penn Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime Strip District location; Three levels of open‑concept space (~4,100 sq. ft., ~2,800 sq. ft. plus Mezzanine) for flexible design; Capital improvements completed: replaced roof, HVAC, and sprinkler system
More about this property
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