6019-6021 Penn Ave Pittsburgh, PA 15216
- Retail properties
- 12,720 SF
Current Use by Public Records
- Retail properties
Property Details for 6019-6021 Penn Ave
- Property size
- 12,720 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.0479
- Latitude
- 40.393
