Office Building
For Lease
$18.75 SF/Yr
5231 Penn Ave, Pittsburgh, PA 15224
Entire office building sublease offers 28,661 SF across three floors plus basement, with large meeting rooms and kitchenettes.
Space Size3,600 SF - 10,000 SF
Property Size31,000 SF
Days on Market95
Property Features for 5231 Penn Ave
General Information
Standard status
Active
Size
3,600 SF - 10,000 SF
Net Rentable
28,661 SF
Class
B
Property subtype
Office - General Office
Space & Availability
Available Space
28,661 SF
Space Use
Office
Sublease
Yes
Site & Location
Neighborhood
Friendship
Public Transit
Yes
Building Details
Building Size
31,000 SF
Year Renovated
1990
Spaces For Lease
at 5231 Penn Ave Contact usFirst Floor $18.75/SF/Yr
Floor
1
Size
10,000 SF
Type
General Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Second Floor $18.75/SF/Yr
Floor
2
Size
10,000 SF
Type
General Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Third Floor $18.75/SF/Yr
Floor
3
Size
5,061 SF
Type
General Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Ground Floor $18.75/SF/Yr
Floor
Ground
Size
3,600 SF
Type
General Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Listing Agency:
Lee & Associates - Western Pennsylvania
Listed By:
Howard West · License #RSR002660
(412) 528-1301
Source:
Commercialcafe
Added: Jul 28
Changed: Oct 25
Last Checked: Oct 28 at 5:11AM
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 Pennsylvania
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Entire building is available for sublease with a term through 4/30/2027. The space totals 28,661 SF and is split among three office floors, plus a basement (ground) level. Typical floor plates are approximately 7,900 SF, and the office layout is described as office-intensive, with large meeting rooms and kitchenettes on each floor.
The property provides on-site free parking and direct access to public transportation.
With a multi-floor configuration and multiple meeting and kitchenette areas, the building can support a self-contained office operation while keeping workspaces organized by floor.
The property provides on-site free parking and direct access to public transportation.
With a multi-floor configuration and multiple meeting and kitchenette areas, the building can support a self-contained office operation while keeping workspaces organized by floor.
Key Highlights
- Entire office building available for sublease through 4/30/2027
- 28,661 SF of office space across three floors plus basement (ground) level
- Three‑floor layout with a typical floor plate of 7,900 SF
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.81 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,029
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Pittsburgh, PA
$29.08 /SF/Yr
Avg Asking Price
$16–$50 /SF/Yr
Price Range
51,188 SF
Avg Space Size
This space is priced 36% below the average of $29.08 /SF/Yr.
Vacancy Rate% for Office in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Office building - Entire office building sublease offers 28,661 SF across three floors plus basement, with large meeting rooms and kitchenettes.
Where is this office building located?
The property is located at 5231 Penn Ave Pittsburgh, PA.
What is the lease rate?
The lease rate is $18.75 SF/Yr.
What are key features of this property?
This property features: Entire office building available for sublease through 4/30/2027; 28,661 SF of office space across three floors plus basement (ground) level; Three‑floor layout with a typical floor plate of 7,900 SF
