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    5620 Baum Blvd Pittsburgh, PA 15206

    For Lease
    Contact for pricing

    Prime Pittsburgh Retail Space, 2832 sq ft

    Lot size:
    2,832 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 2,832 square foot retail property at 5620 Baum Boulevard in Pittsburgh, Pennsylvania, presents a unique investment opportunity. Situated in Allegheny County, zip code 15206, this single-tenant commercial space boasts a prime location in the heart of Pittsburgh's East End. The property benefits from its proximity to major medical institutions, including UPMC Shadyside Hospital and West Penn Hospital, as well as the thriving Assembly neighborhood. Its strategic location within the Meds Eds & Tech corridor, one of Pittsburgh's three largest economic drivers, ensures high visibility and strong potential for growth. The area is experiencing significant expansion, further enhancing the property's value. The property is also ideally positioned near three major universities: the University of Pittsburgh, Carnegie Mellon University, and Chatham University, collectively representing a student population exceeding 50,000. This substantial student population, combined with the presence of established grocery stores like Aldi and Giant Eagle in the immediate trade area, creates a robust and diverse customer base. The property's 2,832 square feet offers ample space for a variety of retail uses, making it an attractive option for businesses seeking a high-traffic location in a rapidly developing area of Pittsburgh. This is a rare opportunity to acquire a well-situated retail property in a dynamic and expanding market.

    Property Features for 5620 Baum Blvd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,832 SF

    Unit(s) available at that property

    Space
    Size
    2,832 SF

    HighLights

    • 2,832 square foot retail space at 5620 Baum Boulevard, Pittsburgh, PA.
    • Located in Allegheny County, zip code 15206, in Pittsburgh's East End.
    • Prime location near UPMC Shadyside, West Penn Hospital, and the Assembly neighborhood.
    • Situated in the Meds Eds & Tech corridor, benefiting from high visibility and growth potential.
    • Close proximity to University of Pittsburgh, Carnegie Mellon University, and Chatham University (50,000+ students).
    • Ample space suitable for various retail uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency 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
    -79.934852
    Latitude
    40.4577246

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    FAQs

    What type of property is this?
    Land - Prime Pittsburgh Retail Space, 2832 sq ft
    Where is this land located?
    The property is located at 5620 Baum Blvd Pittsburgh, PA.
    What are key features of this property?
    This property features: 2,832 square foot retail space at 5620 Baum Boulevard, Pittsburgh, PA.; Located in Allegheny County, zip code 15206, in Pittsburgh's East End.; Prime location near UPMC Shadyside, West Penn Hospital, and the Assembly neighborhood.
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    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
    5620 Baum Blvd Pittsburgh, PA 15206
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