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    2714 Penn Ave Pittsburgh, PA 15222

    Sponsored
    For Lease
    Contact for pricing

    7,200 SF Freestanding Retail Building

    Lot size:
    7,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,200 square foot freestanding retail building, located at 2714-2716 Penn Avenue in the vibrant Strip District of Allegheny County, presents a unique investment opportunity. The property boasts a highly visible 74-foot frontage along Penn Avenue, ensuring maximum exposure to the area's substantial foot traffic. Currently fully vacant, the entire space is available for lease, offering unparalleled flexibility for a single tenant or the possibility of subdivision to accommodate multiple occupants. The building features high ceilings, reaching 18 feet, creating a spacious and impressive interior. The layout includes a large retail showroom area, complemented by office and warehouse components, providing versatility for a range of businesses. The expansive storefront windows maximize natural light and provide excellent visibility for showcasing merchandise or services. This prime location in the bustling Strip District offers unparalleled access to a diverse customer base and a thriving commercial environment. The property's size and adaptable design make it ideal for a variety of retail uses. Don't miss this chance to secure a prominent presence in one of Pittsburgh's most dynamic neighborhoods. Contact us today to learn more about leasing this exceptional retail space.

    Property Features for 2714 Penn Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,200 SF

    Unit(s) available at that property

    Space
    2714-2716 Penn Avenue
    Size
    7,200 SF

    HighLights

    • 7,200 SF freestanding retail building in Allegheny County.
    • The property features two suites, currently 100% vacant.
    • Landlord is willing to subdivide the space.
    • The building boasts large storefront windows and 74 feet of Penn Avenue frontage in the Strip District.
    • High ceilings measure 18 feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.976508708364
    Latitude
    40.456279237334

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    FAQs

    What type of property is this?
    Individual retail property - 7,200 SF Freestanding Retail Building
    Where is this individual retail property located?
    The property is located at 2714 Penn Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: 7,200 SF freestanding retail building in Allegheny County.; The property features two suites, currently 100% vacant.; Landlord is willing to subdivide the space.
    Request Owner's contact information
    2714 Penn Ave 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
    2714 Penn Ave Pittsburgh, PA 15222
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