Property profile

0 Intersection Of Shady + Penn Avenues Pittsburgh, PA 15206

OFF-MARKET
Retail properties & Spaces
78,386 SF
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Property summary

AI-generated overview

The Meridian, a prominent Allegheny County retail center, offers exceptional leasing opportunities. This 78,386 square foot property features seven total suites, with five currently available for lease. The flexible space allows for a variety of retail concepts, with minimum divisible space starting at 1,889 square feet and maximum contiguous space reaching 5,003 square feet. This presents a unique chance for businesses seeking a range of sizes to accommodate their needs. Currently, 22,815 square feet of retail space is vacant, providing significant potential for growth and expansion. The property boasts convenient access and ample parking, with a total of 122 spaces available for customers and employees. Its strategic location within Allegheny County ensures high visibility and accessibility for potential customers. The multiple tenancy structure allows for a diverse mix of businesses, creating a vibrant and attractive shopping destination. This is an exceptional opportunity to secure prime retail space in a thriving commercial area. Interested parties are encouraged to inquire about available suites and lease terms. The property is categorized as commercial retail, offering a versatile space suitable for a wide array of retail businesses. The building's size and layout provide flexibility for various business models and expansion plans.

Property profile

Verified
Property type Retail properties & Spaces
Total area 78,386 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Intersection Of Shady + Penn Avenues Pittsburgh, PA 15206
Pittsburgh metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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