700-706 Penn Ave Pittsburgh, PA 15221

Property Details for 700-706 Penn Ave

Lot size

0.16 lot acres

Property size

14,252 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a 14,252 square foot, two-story retail building located at 700-706 Penn Avenue in Pittsburgh, Pennsylvania. The property sits on a 0.16-acre lot and boasts 7,128 square feet of first-floor retail space, perfect for a variety of uses. The building features a full basement and offers off-street parking, a significant advantage in a bustling urban setting. Zoned C, this versatile property is ideally situated at a traffic-lighted intersection of Penn Avenue and Wood Street, benefiting from high traffic counts of 17,265 ADT on Penn Avenue and 7,267 ADT on Wood Street. The asking price is $650,000, translating to a land value of $45.61 per square foot. This is a NNN lease type property, currently vacant, presenting a blank canvas for a new owner/user to establish their business. The property is designated as an Opportunity Zone, offering potential tax advantages. This is a rare chance to acquire a strategic asset in a vibrant Pittsburgh location. Don't miss this opportunity to own a valuable piece of the Pittsburgh market.