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    120 5Th Ave Pittsburgh, PA 15222

    Sponsored
    For Lease
    Contact for pricing

    Iconic Pittsburgh retail, restaurant opportunity.

    Lot size:
    11,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Fifth Avenue Place, a landmark Pittsburgh building, offers exceptional retail and restaurant space. Recently boasting a $22 million lobby renovation, this property enjoys unparalleled visibility at the corner of Penn and Stanwix Streets, including a dedicated patio. Its prime location in the Golden Triangle places it within a half block of Market Square and conveniently close to the North Shore stadiums. The building's strategic position at the gateway to Pittsburgh's Cultural District benefits from the proximity of over 4,791 hotel rooms within a half-mile radius. This multiple-tenancy property is classified as urban retail and is situated in Allegheny County, Pennsylvania, at 120 Fifth Avenue, zip code 15222. The convenient location is further enhanced by its direct adjacency to the Gateway Center light rail station, ensuring easy access for customers and employees. This is a truly exceptional opportunity to secure a prominent retail or restaurant presence in one of Pittsburgh's most desirable locations. The property is categorized as retail and restaurant space.

    Property Features for 120 5Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,014 SF

    Unit(s) available at that property

    Space
    Restaurant / Retail A
    Size
    4,893 SF
    Space
    Retail J and H
    Size
    2,471 SF
    Space
    Retail E & F
    Size
    2,286 SF
    Space
    Retail G
    Size
    1,364 SF

    HighLights

    • Class A CBD office building with first‑class amenities.
    • Building offers convenient tenant amenities for entertaining, meetings, and relaxation.
    • Provides corporate tenants with convenient and easily accessible amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parkhurst Dining Services Restaurant Keystone Health Plan ... Insurance Agency Highmark Corporate Headquarters Health Insurance Agency Fifth Avenue Bakery Bakery Edina Style Accessories Fashion Accessories Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -80.002721741744
    Latitude
    40.441682844018

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    FAQs

    What type of property is this?
    Restaurant - Iconic Pittsburgh retail, restaurant opportunity.
    Where is this restaurant located?
    The property is located at 120 5Th Ave Pittsburgh, PA.
    What are key features of this property?
    This property features: Class A CBD office building with first-class amenities.; Building offers convenient tenant amenities for entertaining, meetings, and relaxation.; Provides corporate tenants with convenient and easily accessible amenities.
    Request Owner's contact information
    120 5Th Ave Pittsburgh, PA 15222
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    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
    120 5Th Ave Pittsburgh, PA 15222
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