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    6401 Penn Ave Pittsburgh, PA 15206

    For Lease
    Contact for pricing

    Prime Retail Space, Multiple Tenants, High Traffic

    Lot size:
    170,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    The District, located in Allegheny County, offers exceptional retail leasing opportunities within a thriving neighborhood center. This 170,000 square foot property boasts a diverse range of available spaces, ideal for businesses seeking high visibility and strong foot traffic. The center enjoys a strategic location, benefiting from its proximity to both Bakery Square and The Meridian, a new development featuring residential and retail spaces including notable brands like Market District, Shake Shack, Barnes & Noble, and Atarashi. This prime location ensures significant exposure to a large and diverse customer base. The District is anchored by established and popular tenants such as Trader Joe's and Staples, further enhancing its appeal and drawing a substantial volume of shoppers. Ample parking is available on-site, providing convenient access for customers and employees. Data indicates The District is the most visited strip center within a 15-mile radius, recording over 2.3 million visits in the past year, demonstrating its exceptional performance and potential for future success. The available spaces offer short-term lease options, providing flexibility for businesses of various sizes and needs. This presents a unique opportunity to establish a presence in a high-demand, high-traffic retail location with strong anchor tenants and a vibrant surrounding community. Inquire today to learn more about the available spaces and lease terms.

    Property Features for 6401 Penn Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    170,000 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    2,344 SF
    Space
    Available Space 3
    Size
    5,300 SF
    Space
    Available Space 1
    Size
    2,493 SF

    HighLights

    • 170,000 square foot neighborhood center retail property in Allegheny County.
    • Multiple tenant spaces available for lease, offering short‑term options.
    • Anchored by Trader Joe's, Staples, and Ascender.
    • Excellent location adjacent to Bakery Square and across Penn Avenue from The Meridian development (including Market District, Shake Shack, Barnes & Noble).
    • Features ample parking.
    • Top‑performing retail center, boasting over 2.3 million visits in the past year within a 15‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    IT - CNS, Inc. Software Company China Garden Restaurant Chinese Restaurant China Buffet Chinese Restaurant 1st Prestige Home ... Home Health Care Service East End Fitness Fitness Center

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.917873125851
    Latitude
    40.458701807821

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Space, Multiple Tenants, High Traffic
    Where is this neighborhood center located?
    The property is located at 6401 Penn Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: 170,000 square foot neighborhood center retail property in Allegheny County.; Multiple tenant spaces available for lease, offering short-term options.; Anchored by Trader Joe's, Staples, and Ascender.
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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
    6401 Penn Ave Pittsburgh, PA 15206
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