501 Penn Ave Wilkinsburg, PA 15221-2121
This exceptional 10,000 square foot creative office space is ideally situated at the entrance to Pittsburgh's vibrant Cultural District. Boasting a prime corner location at the intersection of Penn Avenue and Cecil Place, this single-tenant property offers unparalleled visibility and accessibility. The space features dramatic 21-foot ceilings, creating a unique and inspiring atmosphere perfect for a variety of businesses. Convenient loading access is available via Cecil Place, streamlining operations. This location benefits from a captive audience of approximately 2,500 employees in nearby Fifth Avenue Place and Penn Avenue Place, along with the constant flow of visitors and residents within the Cultural District. The property's strategic position ensures high foot traffic and significant brand exposure. Furthermore, there's a potential for an additional 10,000 square feet of storage space in the lower level, providing ample room for expansion or inventory management. This Allegheny County property presents a rare opportunity to establish a thriving business in a dynamic and highly sought-after location. The property is currently vacant and ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.