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Prime Retail Space in Oakland
For Lease
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4500-4560 Centre Ave, Pittsburgh, PA

Retail space in prime location near universities and hospitals.

Space Size1,074 SF - 1,558 SF
Lot Size1.20 Acres
Days on Market871

Property Features for 4500-4560 Centre Ave

General Information

Standard status Active
Size 1,074 SF - 1,558 SF
Lot size 1.20 Acres
Property subtype RETAIL

Spaces For Lease

at 4500-4560 Centre Ave Contact us

One on Ctr $28/SF/Yr

Floor
1
Size
1,074 SF
Type
RETAIL
Availability
AVAILABLE, Now
Sublease
No
- Two Retail Suites Available For Lease - Suite 2A (1,558 SF) and Suite 2B (1,074)...
show more
Contact us

One on Ctr $28/SF/Yr

Floor
1
Size
1,558 SF
Type
RETAIL
Availability
AVAILABLE, Now
Sublease
No
- Two Retail Suites Available For Lease - Suite 2A (1,558 SF) and Suite 2B (1,074)...
show more
Contact us
Listing Agency: Hanna Commercial Real Estate | Pittsburgh
Listed By: Adam Joyce · License #RS349202
Source: Moodyscre
Added: Apr 3, 2024 Changed: Aug 9 Last Checked: Aug 20 at 1:23PM

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 Hanna Commercial Real Estate | Pittsburgh

Investment Insights

Based on property information with market context.

A retail suite is available, offering 2,772 square feet, and the space can be subdivided down to 1,100 square feet. The new construction provides a vanilla shell delivery. Situated in a dense trade area within a prime Oakland location, the property benefits from high visibility frontage with over 15,000 average daily traffic. The location is within walking distance to three universities—Pitt, Carlow, and CUM—as well as four major hospitals, catering to a significant student and medical population. The property is part of a 723-bed fully-leased student housing complex with parking. Dedicated outdoor seating is available, complemented by an integral parking garage and ample street parking. The property is suitable for various retail purposes.

Key Highlights

  • Prime Oakland location in a very dense trade area with significant student and medical population.
  • Walking distance to three universities (Pitt, Carlow, & CUM) and four major hospitals.
  • High visibility frontage with over 15,000 average daily traffic.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Electrical Service Building Supply Accounting Firm HVAC Service (Bike/Boat/Book/etc) Store

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

Lease Details

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,796
Businesses Nearby

Market

Lease Benchmarks for Pittsburgh, PA

$16.82 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
6,001 SF
Avg Space Size

This space is priced 67% above the average of $16.82 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in prime location near universities and hospitals.
Where is this retail space located?
The property is located at 4500-4560 Centre Ave Pittsburgh, PA.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Prime Oakland location in a very dense trade area with significant student and medical population.; Walking distance to three universities (Pitt, Carlow, & CUM) and four major hospitals.; High visibility frontage with over 15,000 average daily traffic.
(412) 261-2200 Call to check price and availability
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