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    Property profile & analytics

    2400 Penn Ave Pittsburgh, PA 15222-4660

    • Office buildings
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $835,000
    Location Intelligence
    Property ID
    US73-2737083
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • AT&T Store / Cell Phone Store / Cell Phone Accessory Store
    • Flex LTD / Distribution Service

    Property Details for 2400 Penn Ave

    Lot size
    0.39 lot acres
    Property type
    Office buildings
    APN
    25-N-263
    APU
    25N263

    Description

    This exceptional retail opportunity is located at 2400 Penn Ave in Pittsburgh's dynamic Strip District. The property, a Class B building totaling 16,800 square feet, offers seven individual retail suites, each a minimum of 2,400 square feet. Currently, 14,400 square feet is available, with the potential to lease the entire building contiguously. The suites are adaptable to various retail concepts, offering a blank canvas for customization. Recently renovated in 2023, the building boasts a brand-new facade and high ceilings, creating a modern and inviting atmosphere. Situated on bustling Penn Avenue, this location ensures high visibility and significant foot traffic, benefiting from the Strip District's thriving retail environment and proximity to established businesses. The property is in Allegheny County, Pennsylvania, zip code 15222. This is a rare chance to establish a presence in one of Pittsburgh's most sought-after commercial districts. The flexible space allows for businesses of various sizes to thrive in this vibrant and energetic neighborhood. Don't miss this opportunity to secure your place in the heart of the Strip District.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pittsburgh
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.9802
    Latitude
    40.4534
    CBSA code
    38300
    CBSA name
    PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,018
    $415,000
    $150,000
    $565,000
    -
    $415,000
    $150,000
    $565,000

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    Pittsburgh, PA 15222-4660
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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