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Property profile & analytics
FOR SALE
Specialty properties

5300 Penn Ave Pittsburgh, PA 15224

0.06 ac lot
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US73-2103481
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Specialty properties
Use group FUNERAL HOME
Lot 0.06 ac (2,496 SF)
APN 50-R-61
UPID US73-2103481
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mccabe Bros INC
Mccabe Bros INC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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