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    5880 Ellsworth Ave Pittsburgh, PA 15232

    For Lease
    $22 SF/Yr ($14,666 /Mo)

    Shadyside retail space, flexible layouts.

    Lot size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8,000-square-foot retail property at 5880 Ellsworth Avenue in Pittsburgh, PA, 15232, presents a unique investment opportunity. Built in 1930 and extensively renovated in 2019, this two-story building offers flexible space options, ranging from a minimum of 2,409 square feet to a maximum contiguous space of 4,289 square feet. Currently, 6,698 square feet are vacant, providing significant potential for a variety of retail uses. The first floor is ideal for retail operations, while the second floor boasts 4,300 square feet of beautifully renovated office space, perfect for a small business seeking collaborative work areas. The property includes five parking spaces and is zoned LNC (Local Neighborhood Commercial). Its prime location in Pittsburgh's desirable Shadyside neighborhood offers unparalleled access to a thriving residential community, abundant shopping and dining options, and proximity to major universities (Pitt, CMU, Carlow), UPMC's main campus, and the dynamic East Liberty tech hub. This location ensures high visibility and foot traffic, making it an attractive proposition for businesses seeking a vibrant and accessible location.

    Property Features for 5880 Ellsworth Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF
    Total Rate
    14666.67

    Building Details

    Year Built/Renovated
    1930/2019
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Street Level Retail
    Size
    8,000 SF
    Rate per SF
    $22

    HighLights

    • 8,000 SF retail building at 5880 Ellsworth Ave, Pittsburgh, PA 15232.
    • Prime Shadyside location near universities, hospitals, and tech hub, ensuring high visibility and foot traffic.
    • 6,698 SF currently vacant, offering flexible space options from 2,409 SF to 4,289 SF contiguous.
    • Features 5 rear parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Petagogy Pet Store 113 Industries Market Researcher

    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
    -79.928242249732
    Latitude
    40.45782718443

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    FAQs

    What type of property is this?
    Retail property - Shadyside retail space, flexible layouts.
    Where is this retail property located?
    The property is located at 5880 Ellsworth Ave Pittsburgh, PA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 8,000 SF retail building at 5880 Ellsworth Ave, Pittsburgh, PA 15232.; Prime Shadyside location near universities, hospitals, and tech hub, ensuring high visibility and foot traffic.; 6,698 SF currently vacant, offering flexible space options from 2,409 SF to 4,289 SF contiguous.
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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
    5880 Ellsworth Ave Pittsburgh, PA 15232
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