2111 Penn Ave Pittsburgh, PA 15222
- Investment properties
- 0.11 lot acres
Current Use by Public Records
- Boulevard Glass & Metal Inc / Window Installation Service / Door Shop
Property Details for 2111 Penn Ave
- Year built
- 1918
- Lot size
- 0.11 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 9-D-149
- APU
- 9D149
Description
This exceptional two-story retail building, located at 2111 Penn Avenue in Pittsburgh's thriving Strip District, presents a unique investment opportunity. The property boasts a total of 9,312 square feet, with 8,850 square feet currently available for lease. Built in 1982, the building features an impressive 48-foot wide clear span on each of its two floors, offering approximately 4,425 square feet of versatile space per level. High ceilings, reaching 16 feet to the beam, provide ample room for various retail configurations. Natural light floods the second floor thanks to sixteen strategically placed skylights. The property also includes two large drive-in garage bays, enhancing functionality and accessibility. Situated on a substantial 4.767-acre lot in Allegheny County, Pennsylvania, this property benefits from its prime location in one of Pittsburgh's fastest-growing neighborhoods. The building's striking glass façade offers excellent visibility and creates a modern aesthetic. This is a rare opportunity to secure a significant retail space in a highly desirable and dynamic area. The property's size, features, and location make it ideal for a variety of retail uses. The address is 2111 Penn Ave, Pittsburgh, PA 15222.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,305,000
- 6.5%
- $1,280,000
- 7%
- $1,220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,125,000
- Geo Method
- $1,350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,285,000
- Retail
- $1,115,000
- Mixed-Use
- $1,125,000
- Hospitality
- $1,070,000
- Educational
- $1,260,000
- Residential Income
- $1,085,000
- Energy
- $1,275,000
- Income-Based Land
- $1,325,000
- Food Service
- $1,025,000
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.983
- Latitude
- 40.4521
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
