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    Intersection Of Shady + Penn Avenues Pittsburgh, PA 15206

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Space Available: Multiple Suites, Ample Parking

    Lot size:
    78,386 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Meridian, a prominent Allegheny County retail center, offers exceptional leasing opportunities. This 78,386 square foot property features seven total suites, with five currently available for lease. The flexible space allows for a variety of retail concepts, with minimum divisible space starting at 1,889 square feet and maximum contiguous space reaching 5,003 square feet. This presents a unique chance for businesses seeking a range of sizes to accommodate their needs. Currently, 22,815 square feet of retail space is vacant, providing significant potential for growth and expansion. The property boasts convenient access and ample parking, with a total of 122 spaces available for customers and employees. Its strategic location within Allegheny County ensures high visibility and accessibility for potential customers. The multiple tenancy structure allows for a diverse mix of businesses, creating a vibrant and attractive shopping destination. This is an exceptional opportunity to secure prime retail space in a thriving commercial area. Interested parties are encouraged to inquire about available suites and lease terms. The property is categorized as commercial retail, offering a versatile space suitable for a wide array of retail businesses. The building's size and layout provide flexibility for various business models and expansion plans.

    Property Features for 0 Intersection Of Shady + Penn Avenues

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    78,386 SF

    Unit(s) available at that property

    Space
    Unit 400
    Size
    3,143 SF
    Space
    Unit 500
    Size
    3,212 SF
    Space
    Unit 900
    Size
    2,725 SF
    Space
    Unit 1000
    Size
    1,889 SF
    Space
    Unit 1100
    Size
    1,889 SF

    HighLights

    • Retail property totaling 78,386 square feet.
    • Multiple tenancy with seven suites.
    • 22,815 square feet of vacant space available.
    • Spaces range from 1,889 to 5,003 contiguous square feet.
    • 122 parking spaces available.
    • Located in Allegheny County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9206937
    Latitude
    40.4598271

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space Available: Multiple Suites, Ample Parking
    Where is this retail property located?
    The property is located at Intersection Of Shady + Penn Avenues Pittsburgh, PA.
    What are key features of this property?
    This property features: Retail property totaling 78,386 square feet.; Multiple tenancy with seven suites.; 22,815 square feet of vacant space available.
    Request Owner's contact information
    Intersection Of Shady + Penn Avenues Pittsburgh, PA 15206
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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
    Intersection Of Shady + Penn Avenues Pittsburgh, PA 15206
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