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Three-Story Mixed-Use Building
For Sale
Contact for pricing
Pending

5020 Penn Ave, Pittsburgh, PA 15224

All-brick construction supports permitted storefront and apartment uses in one commercial property.

Property Size10,000 SF
Days on Market144

Property Features for 5020 Penn Ave

General Information

Standard status Pending
Size 10,000 SF
Property subtype Retail

Building Details

Buildings 1
Stories 3
Construction brick
Tenancy Multi
Listing Agency: Compass - Pittsburgh
Listed By: Craig Lalama · License #PA
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 2:54PM

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 Compass - Pittsburgh

Investment Insights

Based on property information with market context.

This all-brick, 3-story building combines ground-level retail presence with residential apartments above. The existing permitted configuration includes 3 store fronts and 5 apartments, offering a mixed-use layout within approximately 10,000 square feet.

The property is located in Pittsburgh’s Penn Avenue Corridor, between Children’s Hospital and Bakery Square. Its current permitted use can be retained, while the existing building configuration also provides a framework for a different ownership or occupancy plan.

Key Highlights

  • 10,000 square foot, 3‑story all‑brick building
  • Permitted configuration includes 3 store fronts with 5 apartments over
  • Located in the Penn Avenue Corridor

Property Analytics

Current Use

Pittsburgh Fringe Music Venue Cary Simons, DC Alternative Medicine Practice

Suggested Use

Top Pick Law Firm Electrical Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Carpet & Flooring Store Accounting Firm

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

3,747
Businesses Nearby

Demographics for 15224, PA

10,568
Population
6,380
Households
1.7
Avg Household Size
34
Median Age
55%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
7,045
Density / Sq Mi
$65,974
Median Household Income
$49,642
Median Earnings
$1,191
Median Rent
$240,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - All-brick construction supports permitted storefront and apartment uses in one commercial property.
Where is this mixed-use property located?
The property is located at 5020 Penn Ave Pittsburgh, PA.
What are key features of this property?
This property features: 10,000 square foot, 3‑story all‑brick building; Permitted configuration includes 3 store fronts with 5 apartments over; Located in the Penn Avenue Corridor
More about this property
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