Two-Story Mixed-Use
For Sale
Contact for pricing
5845 Centre Ave, Pittsburgh, PA 15206
The property combines retail and office uses under commercial zoning and is fully leased.
Property Size7,500 SF
Price / SF$265.33
Days on Market64
Property Features for 5845 Centre Ave
General Information
Standard status
Active
Size
7,500 SF
Class
A
Total Parking Spaces
12
Property subtype
Retail, Office
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Additional Details
Asking Price
$1,990,000
Building Details
Buildings
1
Stories
2
Tenancy
Single
Building Size
7,500 SF
Listing Agency:
Newmark
Listed By:
Martin Perry · License #RS296875
(412) 434-1031
Source:
Crexi
Added: Aug 14
Changed: Oct 10
Last Checked: Oct 16 at 6:43AM
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 Newmark
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Investment Insights
Based on property information with market context.
This 7,500-square-foot mixed-use property is arranged across two stories with retail and office space. The building is fully leased and includes 12 parking spaces, providing an established combination of commercial uses and on-site parking. Commercial zoning applies to the property.
Located at 5845 Centre Ave in Pittsburgh’s East Liberty area, the property is near Bakery Square, Shadyside, restaurants, national retailers, and local shops. Downtown Pittsburgh is approximately five miles away, placing the building within the city’s East End commercial and urban context.
Located at 5845 Centre Ave in Pittsburgh’s East Liberty area, the property is near Bakery Square, Shadyside, restaurants, national retailers, and local shops. Downtown Pittsburgh is approximately five miles away, placing the building within the city’s East End commercial and urban context.
Key Highlights
- Fully leased mixed‑use property with retail and office space
- 7,500 SF two‑story building
- 12 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,810
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,916,200
$1.9M
Cap Rate 7%
$1,368,714
$1.4M
Cap Rate 9%
$1,064,556
$1.1M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$169.2K $22.56/SF
− Vacancy
−$41.5K −$5.53/SF
EGI
$127.7K $17.03/SF
− OpEx
−$31.9K −$4.26/SF
NOI
$95.8K $12.77/SF
Area
Pittsburgh, PA
Vacancy
24.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,916,200
Cap Rate 7%
$1,368,714
Cap Rate 9%
$1,064,556
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.60M
NOI $95,810 @ 7.0% cap · market cap 4.81%
Second Best
Retail
$1.25M
$1.09M – $1.46M
NOI $87,413 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,201 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,997
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Pittsburgh, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines retail and office uses under commercial zoning and is fully leased.
Where is this mixed-use property located?
The property is located at 5845 Centre Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Fully leased mixed‑use property with retail and office space; 7,500 SF two‑story building; 12 on‑site parking spaces
