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    2111 Penn Ave Pittsburgh, PA 15222

    Sponsored
    For Lease
    Contact for pricing

    9,312 SF Retail Building, 8,850 SF Available

    Lot size:
    9,312 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story retail building, located at 2111 Penn Avenue in Pittsburgh's thriving Strip District, presents a unique investment opportunity. The property boasts a total of 9,312 square feet, with 8,850 square feet currently available for lease. Built in 1982, the building features an impressive 48-foot wide clear span on each of its two floors, offering approximately 4,425 square feet of versatile space per level. High ceilings, reaching 16 feet to the beam, provide ample room for various retail configurations. Natural light floods the second floor thanks to sixteen strategically placed skylights. The property also includes two large drive-in garage bays, enhancing functionality and accessibility. Situated on a substantial 4.767-acre lot in Allegheny County, Pennsylvania, this property benefits from its prime location in one of Pittsburgh's fastest-growing neighborhoods. The building's striking glass façade offers excellent visibility and creates a modern aesthetic. This is a rare opportunity to secure a significant retail space in a highly desirable and dynamic area. The property's size, features, and location make it ideal for a variety of retail uses. The address is 2111 Penn Ave, Pittsburgh, PA 15222.

    Property Features for 2111 Penn Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,312 SF

    Building Details

    Year Built
    1982
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    8,850 SF

    HighLights

    • 8,850 SF of available space in a 9,312 SF, two‑story retail building.
    • 48‑foot wide clear span on each floor.
    • Two large drive‑in garage bays.
    • 16‑foot ceilings.
    • Sixteen skylights on the second floor.
    • Three restrooms on the first floor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Boulevard Glass & Metal ... Window Installation Service

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9829779
    Latitude
    40.4520698

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    FAQs

    What type of property is this?
    Retail property - 9,312 SF Retail Building, 8,850 SF Available
    Where is this retail property located?
    The property is located at 2111 Penn Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: 8,850 SF of available space in a 9,312 SF, two-story retail building.; 48-foot wide clear span on each floor.; Two large drive-in garage bays.
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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
    2111 Penn Ave Pittsburgh, PA 15222
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