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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

6019-6021 Penn Ave Pittsburgh, PA 15216

12,720 SF
Property ID
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a four-story, 12,720-square-foot mixed-use building located at 6019-6021 Penn Avenue in Pittsburgh, Pennsylvania's vibrant East Liberty neighborhood. The property, zoned UNC Urban Neighborhood Commercial (APN 84-C-168 & 84-C-166), boasts a prime location with high visibility and significant foot and vehicle traffic (approximately 18,443 vehicles daily). Currently configured as a storefront with a first-floor retail space (vacant upon sale), the upper three floors offer substantial vacant space ideal for various uses. The building's strategic position directly across from the East Side Bonds Development (featuring over 361 apartments and 40,000 square feet of retail) and proximity to major national retailers such as Target, Whole Foods, Market District, Chase Bank, Trader Joes, and Home Depot, ensures strong potential for future tenants. The asking price is $595,000, translating to $46.78 per square foot. This presents a unique chance to acquire a substantial property in a rapidly growing area with immense redevelopment potential. The entire building is one contiguous space, offering flexibility for a variety of uses and development plans. This is an excellent investment opportunity in a thriving Pittsburgh neighborhood.

Property profile
Verified
Property type Retail properties & Spaces
Total area 12,720 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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