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    5300 Penn Ave Pittsburgh, PA 15224

    Sponsored
    For Sale
    $1,200,000

    Prime East End location, 6,000 SF, $1.2M

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 5300 Penn Avenue in Pittsburgh, Pennsylvania's vibrant 8th Ward, presents a unique investment opportunity. The building, a former funeral home, boasts approximately 6,000 square feet of space spread across two and a half stories, situated on a sizable 12,000 square foot corner lot with excellent visibility due to its signalized intersection. The asking price is $1,200,000, translating to $200 per square foot. The property is zoned LNC and offers ample parking with an 18-vehicle lot and a convenient drive-in garage accessible from South Atlantic. Internal features include a 1,000-pound freight elevator servicing the basement and second floor, adding to its versatility. Residential potential is also present with a 2-bedroom, 1-bathroom apartment located on the third floor. This prime East End location on Penn Avenue offers significant potential for a variety of uses, given its size, zoning, and convenient amenities. The property's history as the McCabe Funeral Home adds to its character and potential for adaptive reuse. This is a rare opportunity to acquire a substantial mixed-use property in a highly desirable Pittsburgh neighborhood.

    Property Features for 5300 Penn Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    6,000 SF

    HighLights

    • Prime East End Penn Avenue location.
    • 12,000 SF corner lot with signalized intersection.
    • 6,000 SF, 2.5‑story building.
    • $1,200,000 asking price.
    • LNC zoning.
    • Located in Pittsburgh's 8th Ward.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage 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
    -79.938464
    Latitude
    40.4643521

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    FAQs

    What type of property is this?
    Mixed-use property - Prime East End location, 6,000 SF, $1.2M
    Where is this mixed-use property located?
    The property is located at 5300 Penn Ave Pittsburgh, PA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime East End Penn Avenue location.; 12,000 SF corner lot with signalized intersection.; 6,000 SF, 2.5-story building.
    Request Owner's contact information
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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
    5300 Penn Ave Pittsburgh, PA 15224
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