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5515 Penn Ave Pittsburgh, PA 15206

Prime Pittsburgh location, income producing.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional mixed-use property at 5515 Penn Ave, Pittsburgh, PA 15206, presents a unique owner-user opportunity with existing income streams. The 12,790 square foot building boasts a versatile layout, combining commercial and residential space. The first floor encompasses 6,695 square feet of creative office space, featuring high ceilings, exposed brick, two large offices/conference rooms, and a flexible area easily adaptable for retail or assembly use, separated by a sliding door. Upstairs, the second floor houses three apartments: one 1-bedroom, 1-bathroom unit (1,800 sq ft), and two studio units (1,350 sq ft and 1,325 sq ft). Each space has its own utilities and HVAC system. Adding significant value, the sale includes two vacant lots totaling 0.39 acres (17,017 sq ft) behind the main building, zoned R2-H. The main building is zoned LNC. This central location offers unparalleled convenience, just one block from Whole Foods and the Liberty East Development, and minutes from Bakery Square, UPMC Children's Hospital, and Lawrenceville. Its proximity to Oakland, CMU, and Pitt (2.4 miles) further enhances its appeal. This is an excellent investment opportunity for a discerning buyer seeking a blend of income generation and prime commercial space in a thriving Pittsburgh neighborhood. The property's size, layout, and location make it ideal for a variety of uses.

Highlights

  • 12,790 SF mixed-use building in Pittsburgh, PA, offering owner-user opportunity with existing income.
  • First floor features 6,695 SF of creative office space with high ceilings, exposed brick, and versatile layout.
  • Second floor contains three apartments: one 1BR/1BA (1,800 SF) and two studios (1,350 SF & 1,325 SF).
  • Includes 0.39-acre vacant lot (17,017 SF) zoned R2-H.
  • Property is located one block from Whole Foods and Liberty East Development, minutes from Bakery Square and major hospitals.

Property Details for 5515 Penn Ave

Property type
Retail properties, Office properties
Square Feet
12,790 SF
Stories
2
Units
5

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.46394631678
Longitude
-79.931977603922

FAQs

What type of property is this?
Retail property - Prime Pittsburgh location, income producing.
Where is the retail property located?
The property is located at 5515 Penn Ave Pittsburgh, PA.
What are key features of this property?
This property features: 12,790 SF mixed-use building in Pittsburgh, PA, offering owner-user opportunity with existing income.; First floor features 6,695 SF of creative office space with high ceilings, exposed brick, and versatile layout.; Second floor contains three apartments: one 1BR/1BA (1,800 SF) and two studios (1,350 SF & 1,325 SF).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5515 Penn Ave
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