Retail Space with Basement
For Lease
$4,583/Mo NNN
5854 Forbes Avenue, Pittsburgh, PA 15217
COMMERCIAL - Pittsburgh, PA
Space Size3,800 SF
Lot Size0.32 Acres
Days on Market77
Property Features for 5854 Forbes Avenue
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
LNC
Zoning description
LNC
Subdivision
Squirrel Hill
Standard status
Active
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
8899
Listing Agency:
NULF REAL ESTATE
(412) 912-1128
Listed By:
Delaney Liu · License #RS362732
(412) 912-1128
Added: Jun 3
Changed: Aug 18
Last Checked: Aug 18 at 11:06PM
MLS# 1757991
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.
This retail space includes approximately 2,000 SF on the main level along with 1,800 SF of dry basement storage. The interior was previously configured for a beauty spa and can accommodate retail, office, wellness, medical, or service-oriented operations. The property is zoned LNC and offered under a Triple Net (NNN) lease structure.
Located at 5854 Forbes Avenue in Pittsburgh’s Squirrel Hill business district, the property sits among established restaurants, retailers, and residential neighborhoods. Access to Oakland, Shadyside, Carnegie Mellon University, the University of Pittsburgh, and I-376 adds connectivity to surrounding commercial and institutional areas.
Located at 5854 Forbes Avenue in Pittsburgh’s Squirrel Hill business district, the property sits among established restaurants, retailers, and residential neighborhoods. Access to Oakland, Shadyside, Carnegie Mellon University, the University of Pittsburgh, and I-376 adds connectivity to surrounding commercial and institutional areas.
Key Highlights
- Approximately 2,000 SF of main‑level retail space
- 1,800 SF of dry basement storage
- Previously built out as a beauty spa
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,724
Businesses Nearby
Explore this area
Business Placement
Demographics for 15217, PA
26,851
Population
12,582
Households
2.1
Avg Household Size
36
Median Age
74%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
6,885
Density / Sq Mi
$91,695
Median Household Income
$55,890
Median Earnings
$1,412
Median Rent
$431,600
Median Home Value
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 14% below the average of $16.82 /SF/Yr.
Vacancy Rate% for Office in Pittsburgh, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Previously built out as a beauty spa; available for retail, office, wellness, medical, or service uses.
Where is this retail space located?
The property is located at 5854 Forbes Avenue Pittsburgh, PA.
What is the lease rate?
The lease rate is $4,583/Mo.
What are key features of this property?
This property features: Approximately 2,000 SF of main‑level retail space; 1,800 SF of dry basement storage; Previously built out as a beauty spa
