700-706 Penn Ave Pittsburgh, PA 15221
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.
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.