1421 Penn AvePittsburgh, PA 15222

Property Details for 1421 Penn Ave

Lot size

0.08 AC

Property type

Retail properties

Property subtype

Retail space

APN

9-L-49

APU

9L49

Description

This exceptional two-story retail property, located at 1421 Penn Avenue in Pittsburgh, Pennsylvania's vibrant Golden Triangle District, offers 6,468 square feet of vacant space. The building sits on a 3,606 square foot lot and is zoned GT-B Golden Triangle District B, providing flexibility for a variety of commercial uses. The single-tenant occupancy allows for complete control and customization of the space. The property's prominent location on Penn Avenue ensures high visibility and accessibility for customers. With its strategic position in the heart of Pittsburgh, this property presents a unique opportunity for businesses seeking a high-traffic location. The Allegheny County location provides easy access to major transportation routes and a diverse customer base. The building's two stories offer ample space for retail operations, offices, or a combination of both. The property's address is 1421 Penn Ave, Pittsburgh, PA 15222. The Allegheny County Assessor's Parcel Number (APN) is 9-L-49. This is a rare opportunity to secure a significant retail presence in a prime Pittsburgh location. The entire building is currently vacant, providing a blank canvas for a new tenant to create their ideal space. This property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,008,095

  6.5%

  $930,549

  7%

  $864,081

• Comparable approach

  Method

  Valuation

  Relative Method

  $850,009

  Geo Method

  $850,009

• Alternative Use

  Use

  Valuation

  Residential

  $784,953

  Hospitality

  $719,013

  Educational

  $598,210

  Medical

  $618,783

  Retail

  $930,549

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4478

Longitude

-79.9895

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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