Retail Space with Basement
For Lease
$4,583/Mo NNN
5854 Forbes Avenue, Pittsburgh, PA 15217
CommercialLease, Pittsburgh, PA
Space Size3,800 SF
Lot Size0.32 Acres
Days on Market88
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 26
Last Checked: Aug 29 at 4:06AM
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 offering includes approximately 2000 SF on the main level and an additional 1800 SF of dry basement storage. The interior was previously configured for beauty spa operations and can accommodate retail, office, wellness, medical, or service-oriented uses. The property carries LNC zoning and is offered under a Triple Net lease structure, with the tenant responsible for its share of taxes, insurance, and maintenance.
The property is positioned along Forbes Avenue in Squirrel Hill’s business district, near established restaurants, retailers, and residential neighborhoods. Access connects to Oakland, Shadyside, Carnegie Mellon University, the University of Pittsburgh, and 1-376.
The property is positioned along Forbes Avenue in Squirrel Hill’s business district, near established restaurants, retailers, and residential neighborhoods. Access connects to Oakland, Shadyside, Carnegie Mellon University, the University of Pittsburgh, and 1-376.
Key Highlights
- Approximately 2000 SF of main‑level space
- Additional 1800 SF of dry basement storage
- Previously configured for beauty spa operations
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
$15.97 /SF/Yr
Avg Asking Price
$12–$25 /SF/Yr
Price Range
5,951 SF
Avg Space Size
This space is priced 9% below the average of $15.97 /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 - Main-level commercial space with dry storage and a Triple Net lease structure.
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 2000 SF of main‑level space; Additional 1800 SF of dry basement storage; Previously configured for beauty spa operations
