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Property profile & analytics
OFF-MARKET
Neighborhood centers

607-609 Penn Ave Pittsburgh, PA 15222

220,000 SF Built 1927
Property ID
Property summary
AI-generated overview

The Roosevelt Building, located at 607-609 Penn Avenue (6th & Penn) in Pittsburgh, PA 15222, offers exceptional retail and restaurant opportunities. This historic building, originally constructed in 1927 and extensively renovated in 2017, boasts a total of 220,000 square feet. Currently, there are two suites available, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 3,570 square feet. A total of 4,570 square feet is currently vacant. Situated in Allegheny County, at the heart of Pittsburgh's Cultural District, this property benefits from high visibility and foot traffic. Its prime location offers unparalleled access to a vibrant mix of shops, restaurants, nightlife, and theaters. The building's rich history and recent renovations combine to create a unique and attractive space for businesses seeking a prominent presence in a thriving urban environment. This multi-tenant property presents a rare opportunity to establish a business in a landmark building within a dynamic and culturally rich neighborhood.

Property profile
Verified
Property type Neighborhood centers
Year built 1927
Total area 220,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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