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Flex Space with Fabrication Studio
For Sale
$2,200,000

5438-5440 Penn Ave, Pittsburgh, PA 15206

CommercialSale, Pittsburgh, PA

Property SizeContact for details
Lot Size0.09 Acres
Days on Market96

Property Features for 5438-5440 Penn Ave

General Information

Property type Commercial Sale
Property subtype Other
Zoning Comme
Zoning description Comme
Directions 5438-40 Penn Ave. are in Pittsburgh's Friendship Neighborhood between Roup Ave. and S. Graham St.
Subdivision Friendship Park
Standard status Active
Lot size 0.09 Acres

Taxes and HOA fees

Tax Annual Amount 11258

Amenities

conference space
kitchen/break room
alarm system
security window film
Listing Agency: HOMEZU
Listed By: Christopher Carr · License #PB00096279
Added: Jun 1 Changed: Sep 4 Last Checked: Sep 4 at 9:06PM
MLS# 1757583

Copyright © 2026 West Penn Multi List, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The offering combines two adjoining commercial buildings on Penn Avenue. At 5440 Penn Ave, a substantially renovated and environmentally remediated 14,000-square-foot facility provides open studio and fabrication areas with tall ceilings, exposed brick, steel framing, radiant concrete and terrazzo flooring, separate HVAC and utility systems, two accessible bathrooms on each floor, a kitchen and break room, conference space, and a double-height gallery. A 22-foot-wide by 11-foot-9-inch-high glass garage door connects the gallery to the shop areas, while a private rear alley provides access to the garage and loading ramp.

The adjoining 5438 Penn Ave building includes two 1,400-square-foot floors, a full basement, and a gated yard reached from the private alley. Its facade was repointed in 2021 and the roof was replaced in 2023; the interior is substantially gutted and currently used for storage and parking. The properties are located in Pittsburgh’s Friendship neighborhood along the Penn Avenue Arts corridor and are offered together.

Key Highlights

  • 14,000‑square‑foot renovated design and fabrication facility at 5440 Penn Ave
  • 22‑foot‑wide by 11‑foot‑9‑inch‑high glass garage door
  • Separate utilities, alarm zones, HVAC systems, and keyed steel doors on each floor

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Electrical Service HVAC Service Accounting Firm Travel Agency (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

Yes
Fenced yard

Location Intelligence

Trade Area within ½ mile

2,863
Businesses Nearby
Under-served
Demand for This Use

Demographics for 15206, PA

28,774
Population
17,004
Households
1.7
Avg Household Size
36
Median Age
59%
College-Educated
96%
High-School Grad
4.8 sq mi
ZIP Area
5,995
Density / Sq Mi
$69,906
Median Household Income
$49,009
Median Earnings
$1,284
Median Rent
$288,300
Median Home Value

Market

Vacancy Rate% for Office in Pittsburgh, PA

10.2% 2019
12.2% 2020
14.6% 2021
13.9% 2022
16.1% 2023
17.5% 2024
17.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Foxy Frans Catering & Vending Services 250 S Pacific Ave, Pittsburgh, PA 15224
  • Food By Phoenix 5160 penn ave, pittsburgh, pa 15224

Frequently Asked Questions

What type of property is this?
Flex space - Two adjoining buildings offer adaptable production, studio, storage, and creative workspace along Penn Avenue.
Where is this flex space located?
The property is located at 5438-5440 Penn Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 14,000‑square‑foot renovated design and fabrication facility at 5440 Penn Ave; 22‑foot‑wide by 11‑foot‑9‑inch‑high glass garage door; Separate utilities, alarm zones, HVAC systems, and keyed steel doors on each floor
More about this property
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