700-706 Penn Ave Pittsburgh, PA 15221
- Retail properties
- 14,000 SF
Current Use by Public Records
- Retail properties
Property Details for 700-706 Penn Ave
- Property size
- 14,000 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.8847
- Latitude
- 40.4437
