5515 Penn Ave Pittsburgh, PA 15206
- Retail residential properties
- 0.14 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 5515 Penn Ave
- Lot size
- 0.14 lot acres
- Property type
- Retail residential properties
- APN
- 83-N-272
- APU
- 83N272
Description
This exceptional 4,000 square foot single-tenant property at 5515 Penn Avenue in Pittsburgh, Pennsylvania offers a unique blend of retail and office space. Located in Allegheny County, zip code 15206, this versatile space boasts high ceilings and exposed brick, creating a stylish and functional environment. The layout includes a large open area ideal for retail or flexible workspace, complemented by two sizable offices or conference rooms. A sliding door provides the option to easily separate the retail and office areas, allowing for adaptable configurations to suit various business needs. The property's prime location offers unparalleled convenience, situated just one block from Whole Foods and the Liberty East Development. Its central location provides easy access to key areas such as Bakery Square, UPMC Children's Hospital, and Lawrenceville, while also being a short 2.4-mile commute to Oakland, Carnegie Mellon University, and the University of Pittsburgh. This property presents a rare opportunity to secure a well-positioned, adaptable space in a thriving Pittsburgh neighborhood. The property is classified as Retail and Office, with a Creative Office subtype.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,795,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,800,000
- 6.5%
- $1,825,000
- 7%
- $1,825,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,880,000
- Geo Method
- $1,860,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,810,000
- Retail
- $1,715,000
- Mixed-Use
- $2,195,000
- Hospitality
- $2,145,000
- Educational
- $1,715,000
- Residential Income
- $1,585,000
- Energy
- $2,100,000
- Income-Based Land
- $2,090,000
- Food Service
- $2,010,000
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.9318
- Latitude
- 40.4642
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
