2400 Penn AvePittsburgh, PA 15222

Property Details for 2400 Penn Ave

Lot size

0.39 AC

Property type

Office properties

Property subtype

Office buildings

APN

25-N-263

APU

25N263

Description

This exceptional retail opportunity is located at 2400 Penn Ave in Pittsburgh's dynamic Strip District. The property, a Class B building totaling 16,800 square feet, offers seven individual retail suites, each a minimum of 2,400 square feet. Currently, 14,400 square feet is available, with the potential to lease the entire building contiguously. The suites are adaptable to various retail concepts, offering a blank canvas for customization. Recently renovated in 2023, the building boasts a brand-new facade and high ceilings, creating a modern and inviting atmosphere. Situated on bustling Penn Avenue, this location ensures high visibility and significant foot traffic, benefiting from the Strip District's thriving retail environment and proximity to established businesses. The property is in Allegheny County, Pennsylvania, zip code 15222. This is a rare chance to establish a presence in one of Pittsburgh's most sought-after commercial districts. The flexible space allows for businesses of various sizes to thrive in this vibrant and energetic neighborhood. Don't miss this opportunity to secure your place in the heart of the Strip District.

• CAP approach

  CAP return

  Valuation

  6%

  $3,194,976

  6.5%

  $2,949,208

  7%

  $2,738,551

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,571,472

  Geo Method

  $1,571,472

• Alternative Use

  Use

  Valuation

  Residential

  $3,657,018

  Hospitality

  $3,349,809

  Educational

  $2,787,002

  Medical

  $2,882,851

  Retail

  $4,335,336

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4534

Longitude

-79.9802

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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