3220 Penn Ave Pittsburgh, PA 15201
- Warehouses
- 0.22 lot acres
Current Use by Public Records
- Work America / Uniform Store
- Shred America Iron City / Shredding Service
- Iron City Document Management / Shredding Service / Business To Business Service
Property Details for 3220 Penn Ave
- Lot size
- 0.22 lot acres
- Property type
- Warehouses
- APN
- 25-D-141
- APU
- 25D141
Description
This exceptional 24,000-square-foot flex industrial building presents a compelling investment opportunity in Pittsburgh's vibrant Strip District. Situated on a 0.84-acre lot, the property boasts a prime location, offering convenient access to numerous amenities. Currently 100% occupied by three tenants, this presents a strong, stable cash flow for investors. The building features three drive-in doors and ample parking with 28 spaces. Its RIV-IMU zoning allows for a variety of uses, and the substantial lot size presents potential for future vertical construction. The property's strategic location provides easy access to major transportation arteries, including a 1.9-mile proximity to the central business district (CBD), and within 2.1 miles of Route 28, I-376, and I-579. This turnkey investment is ideal for those seeking immediate income generation and long-term appreciation potential in a rapidly developing area. The property is offered as a triple net (NNN) lease, with the existing tenants providing a consistent revenue stream. This is a rare opportunity to acquire a well-located, fully occupied industrial property in one of Pittsburgh's most dynamic neighborhoods. The potential for future development adds significant value to this already attractive investment. Don't miss this chance to own a piece of the Strip District's thriving commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $325,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $370,000
- Mixed-Use
- $290,000
- Hospitality
- $375,000
- Educational
- $360,000
- Residential Income
- $375,000
- Energy
- $370,000
- Income-Based Land
- $375,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.9692
- Latitude
- 40.461
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
