5300 Penn Ave Pittsburgh, PA 15224
For Sale
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This exceptional mixed-use property, located at 5300 Penn Avenue in Pittsburgh, Pennsylvania's vibrant 8th Ward, presents a unique investment opportunity. The building, a former funeral home, boasts approximately 6,000 square feet of space spread across two and a half stories, situated on a sizable 12,000 square foot corner lot with excellent visibility due to its signalized intersection. The asking price is $1,200,000, translating to $200 per square foot. The property is zoned LNC and offers ample parking with an 18-vehicle lot and a convenient drive-in garage accessible from South Atlantic. Internal features include a 1,000-pound freight elevator servicing the basement and second floor, adding to its versatility. Residential potential is also present with a 2-bedroom, 1-bathroom apartment located on the third floor. This prime East End location on Penn Avenue offers significant potential for a variety of uses, given its size, zoning, and convenient amenities. The property's history as the McCabe Funeral Home adds to its character and potential for adaptive reuse. This is a rare opportunity to acquire a substantial mixed-use property in a highly desirable Pittsburgh neighborhood.
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.