Technical
Financial
Distress signals
Property profile

2124 Penn Ave Pittsburgh, PA 15222

FOR SALE
Other investment properties
Property ID
US73-1960550
0.17 ac lot
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The American Wholesale Building is a historic commercial property originally constructed in 1903, located in Pittsburgh’s Strip District near Downtown and providing convenient access to major highways and public and regional transportation corridors. The building is configured to support flexible office use, with office-suite layouts that include kitchenettes and a total of 21 private restrooms distributed throughout the interior. Building improvements include a roof replacement completed in 2025 with a 10-year warranty, installation of a passenger elevator, upgrades to the fire protection system, and full-building sprinkler coverage. Security features include video surveillance and a floor-by-floor security system. Zoning and municipal approvals would be required to pursue potential future conversions, which have been contemplated as multifamily (approximately 40–45 residential units), boutique hospitality, mixed-use residential, creative office, and live/work concepts.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 0.17 ac (7,200 SF)
APN 10-A-36
UPID US73-1960550

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association Or Organization
  • Grocery & Convenience Store Specialty Food Shop
  • Specialty Food Shop Candy Store
  • Clothing & Fashion Store
  • Wedding Service Photography Service

Location

2124 Penn Ave Pittsburgh, PA 15222
Pittsburgh metro Census 20300 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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