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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

700-706 Penn Ave Pittsburgh, PA 15221

14,000 SF
Property ID
Property summary
AI-generated overview

This exceptional retail investment opportunity presents a 14,000 square foot, two-story building located at 700-706 Penn Avenue in Pittsburgh, Pennsylvania, 15221. Currently occupied by a Dollar General franchisee under a modified lease with 1 year remaining until November 30, 2025, this property boasts a strong rental history and a prime corner location. The asking price is $595,000, translating to $42.50 per square foot. The building features five parking spaces and sits on a 7,128 square foot lot. The property is zoned for residential use, presenting potential for conversion and expansion. The second floor offers significant possibilities, including conversion into apartments or additional commercial space, potentially increasing income streams. The building's solid construction and established tenant provide a stable foundation for a lucrative investment. This is a rare opportunity to acquire a well-located, income-producing property with significant upside potential in a thriving Pittsburgh neighborhood.

Property profile
Verified
Property type Retail properties & Spaces
Total area 14,000 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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