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3220 Penn AvePittsburgh, PA 15201

24,000 SF Flex Building, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 24,000-square-foot flex industrial building presents a compelling investment opportunity in Pittsburgh's vibrant Strip District. Situated on a 0.84-acre lot, the property boasts a prime location, offering convenient access to numerous amenities. Currently 100% occupied by three tenants, this presents a strong, stable cash flow for investors. The building features three drive-in doors and ample parking with 28 spaces. Its RIV-IMU zoning allows for a variety of uses, and the substantial lot size presents potential for future vertical construction. The property's strategic location provides easy access to major transportation arteries, including a 1.9-mile proximity to the central business district (CBD), and within 2.1 miles of Route 28, I-376, and I-579. This turnkey investment is ideal for those seeking immediate income generation and long-term appreciation potential in a rapidly developing area. The property is offered as a triple net (NNN) lease, with the existing tenants providing a consistent revenue stream. This is a rare opportunity to acquire a well-located, fully occupied industrial property in one of Pittsburgh's most dynamic neighborhoods. The potential for future development adds significant value to this already attractive investment. Don't miss this chance to own a piece of the Strip District's thriving commercial landscape.

Highlights

  • 24,000 SF flex industrial building.
  • 0.84-acre lot.
  • Potential for vertical construction.
  • 100% occupied by three tenants, offering strong cash flow.
  • Located in Pittsburgh's Strip District.
  • Excellent access to amenities.

Property Details for 3220 Penn Ave

Property type
Industrial properties, Flex space
Square Feet
24,000 SF
Lot Size (sq. ft)
36,590 SF

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.461122
Longitude
-79.9690596
3220 Penn Ave, Pittsburgh, Pennsylvania

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3220 Penn Ave
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