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    1421 Penn Ave Pittsburgh, PA 15222

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    For Sale
    Contact for pricing

    Prime Strip District Retail/Office Opportunity

    Property size:
    6,468 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional two-story commercial property, located at 1421 Penn Avenue in Pittsburgh, Pennsylvania, offers 6,468 square feet of versatile space. Situated in the vibrant Strip District, this building is ideally suited for retail or office use, boasting a prime location near prominent landmarks such as the Homewood Suites by Hilton, Heinz History Center, and Facebook's District Fifteen. The property's zoning is GT-B Golden Triangle District B, providing flexibility for a range of businesses. The Allegheny County address (APN 9-L-49) and its 15222 zip code place it at the heart of a bustling commercial area with high foot traffic and visibility. The building's two-story layout offers ample space for a showroom or other businesses requiring significant square footage. This presents a unique opportunity to establish a presence in one of Pittsburgh's most dynamic and sought-after commercial districts. The property's size and location make it an attractive investment for businesses seeking a high-impact presence in a thriving urban environment. Interested parties are encouraged to explore the potential of this remarkable property.

    Property Features for 1421 Penn Ave

    General Information

    Property type
    Retail properties
    Square Feet
    6,468 SF

    HighLights

    • 6,468 SF two‑story retail/office building.
    • Located at 1421 Penn Ave, Pittsburgh, PA 15222.
    • Zoned GT‑B Golden Triangle District B (APN 9‑L‑49).
    • Excellent showroom opportunity.
    • Prime Strip District location near major hotels and businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shehady Carpet & Rugs Oriental Rug Store Cory Bonnet Artist

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9894874
    Latitude
    40.4478744

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    FAQs

    What type of property is this?
    Retail property - Prime Strip District Retail/Office Opportunity
    Where is this retail property located?
    The property is located at 1421 Penn Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: 6,468 SF two-story retail/office building.; Located at 1421 Penn Ave, Pittsburgh, PA 15222.; Zoned GT-B Golden Triangle District B (APN 9-L-49).
    (412) 535-5756
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    1421 Penn Ave Pittsburgh, PA 15222
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    Pittsburgh, PA 15222
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1421 Penn Ave Pittsburgh, PA 15222
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