Automotive Collision Repair
For Sale
Contact for pricing
2950 Penn Ave, Pittsburgh, PA 15201
For sale investment-grade auto shop with specialized collision repair build-out and an NN+ lease structure.
Property Size9,600 SF
Price / SF$426.19
Days on Market221
Property Features for 2950 Penn Ave
General Information
Standard status
Active
Size
9,600 SF
Property subtype
Retail
Zoning
Industrial Mixed-Use Subdistrict
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$306,860
Additional Details
Cap Rate
7.5%
Building Details
Year Built
1991
Buildings
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Beryl Grant · License #TN
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Jul 22 at 7:10AM
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 Matthews
Investment Insights
Based on property information with market context.
2950 Penn Ave is a for-sale automotive property configured for collision repair, featuring a specialized build-out intended for high replacement cost and tenant retention. The offering includes an investment-grade tenant in place under a long-term lease, with attractive rent escalations noted in the materials.
The property is located in Downtown Pittsburgh at 2950 Penn Ave and is described as positioned within an urban infill area with steady demand for collision repair services.
This 9,600 SF NNN+ structure is presented as a low-landlord-responsibility investment. The list price is $4,091,468.80, with a stated 7.50% cap rate in the provided remarks.
The property is located in Downtown Pittsburgh at 2950 Penn Ave and is described as positioned within an urban infill area with steady demand for collision repair services.
This 9,600 SF NNN+ structure is presented as a low-landlord-responsibility investment. The list price is $4,091,468.80, with a stated 7.50% cap rate in the provided remarks.
Key Highlights
- 9,600 SF auto shop built in 1991 in Downtown Pittsburgh (2950 Penn Ave, Pittsburgh, PA 15201).
- Investment‑grade tenant with a long‑term lease and attractive rent escalations.
- NN+ lease structure for minimal landlord responsibilities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 15201, PA
12,802
Population
7,970
Households
1.6
Avg Household Size
36
Median Age
64%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
6,738
Density / Sq Mi
$86,049
Median Household Income
$59,987
Median Earnings
$1,538
Median Rent
$257,300
Median Home Value
Market
Vacancy Rate% for Retail in Pittsburgh, PA
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Auto shop - For sale investment-grade auto shop with specialized collision repair build-out and an NN+ lease structure.
Where is this auto shop located?
The property is located at 2950 Penn Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $4,091,468.
What are key features of this property?
This property features: 9,600 SF auto shop built in 1991 in Downtown Pittsburgh (2950 Penn Ave, Pittsburgh, PA 15201).; Investment‑grade tenant with a long‑term lease and attractive rent escalations.; NN+ lease structure for minimal landlord responsibilities.
