6019-6021 Penn Ave Pittsburgh, PA 15216
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.