Building Details

Building materials Brick

Listing Agency: NULF REAL ESTATE d***@thedustinnulfteam.com Show Phone

Listed By: Delaney Liu · License #RS362732 Show Phone

Added: Jun 3 Changed: Sep 15 Last Checked: Sep 18 at 6:06PM

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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 brick retail property offers approximately 2,000 SF on the main level along with an additional 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 uses. The property is subject to LNC zoning and is offered with a NNN lease structure.

Located on Forbes Avenue in Squirrel Hill’s business district, the property is positioned near established restaurants, retailers, and residential neighborhoods. Access is available to Oakland, Shadyside, Carnegie Mellon University, the University of Pittsburgh, and I-376.

Key Highlights

• Approximately 2,000 SF of main‑level space
• Additional 1,800 SF of dry basement storage
• Previously built out as a beauty spa

Property Analytics

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Current Use

5854 Forbes Ave Apartment Building European Wax Center Spa & Massage Center

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store HVAC Service (Bike/Boat/Book/etc) Store Auto Repair Shop

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

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 Squirrel Hill, PA

$19.6 /SF/Yr

Avg Asking Price

$12–$36.31 /SF/Yr

Price Range

8,088 SF

Avg Space Size

This space is priced 33% below the average of $19.6 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Brick retail space with a former spa buildout and additional basement storage.

Where is this retail space located?

The property is located at 5854 Forbes Avenue Squirrel Hill, PA.

What is the lease rate?

The lease rate is $4,167/Mo.

What are key features of this property?

This property features: Approximately 2,000 SF of main‑level space; Additional 1,800 SF of dry basement storage; Previously built out as a beauty spa