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    5932 Centre Ave Pittsburgh, PA 15206

    Sponsored
    For Lease
    Contact for pricing

    Thriving community center, high-traffic location.

    Lot size:
    155,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 155,000 square foot retail community center is strategically positioned along three blocks of Centre Avenue in Allegheny County. The property boasts a vibrant mix of tenants, including a soon-to-open Fresh Market grocery store. Ample free parking is available for the convenience of shoppers and diners. The center's strong tenant roster includes the highest-grossing Fine Wine and Good Spirits store in Allegheny County, a testament to the area's affluent demographic and robust consumer spending. Furthermore, the center houses the most visited Walgreens in the entire state of Pennsylvania, according to Placer.ai data, underscoring the exceptional foot traffic and high visibility this location offers. This prime retail opportunity presents a unique chance to invest in a well-established and highly successful shopping destination with a proven track record of success and strong anchor tenants. The property's size and location make it an ideal investment for those seeking a stable and high-performing retail asset in a thriving community. The combination of a diverse tenant mix, ample parking, and a prime location ensures consistent revenue generation and significant potential for future growth. This is a rare opportunity to acquire a significant retail asset in a high-demand area.

    Property Features for 5932 Centre Ave

    General Information

    Property type
    Community centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    155,000 SF

    Unit(s) available at that property

    Space
    B103
    Size
    378 SF
    Space
    B301
    Size
    2,948 SF
    Space
    B101
    Size
    3,500 SF

    HighLights

    • 155,000 SF community shopping center in Allegheny County.
    • Anchored by a soon‑to‑open Fresh Market.
    • Ample free parking available.
    • Includes the highest‑grossing Fine Wine & Good Spirits store in Allegheny County and Pennsylvania's most visited Walgreens.
    Property Profile Location Intelligence

    Current Use by Public Records

    Deka Lash - Shadyside Beauty Salon MCN Salon Hair Salon Eva Szabo European ... Beauty Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.927562774547
    Latitude
    40.459014972404

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    FAQs

    What type of property is this?
    Community center - Thriving community center, high-traffic location.
    Where is this community center located?
    The property is located at 5932 Centre Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: 155,000 SF community shopping center in Allegheny County.; Anchored by a soon-to-open Fresh Market.; Ample free parking available.
    Request Owner's contact information
    5932 Centre Ave 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
    5932 Centre Ave Pittsburgh, PA 15206
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