6401 Penn AvePittsburgh, PA 15206

Property Details for 6401 Penn Ave

Lot size

1.05 AC

Property type

Retail properties

Property subtype

Strip malls

APN

84-H-195

APU

84H195

Description

The District, formerly known as The Village of Eastside, presents a significant retail investment opportunity in Pittsburgh's vibrant East Liberty neighborhood. This established community center boasts a substantial 143,090 square feet of retail space, currently housing over 20 individual retail units. The property's strategic location at 6401 Penn Ave, Pittsburgh, PA 15206, ensures high visibility and accessibility. Beyond the retail component, the center also includes over 20,000 square feet of office space, adding to its diverse appeal and potential for synergistic tenant relationships. This multi-tenant property offers a unique chance to acquire a well-established retail center in a thriving urban area. The property's size and established tenant base provide a strong foundation for future growth and profitability. Its location within the dynamic East Liberty neighborhood offers access to a dense population and a diverse customer base. This is an exceptional opportunity for investors seeking a substantial and well-positioned retail asset in a rapidly developing market. The property's scale and existing infrastructure provide a solid platform for long-term investment and potential value appreciation. Detailed financial information and lease terms are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $16,039,323

  6.5%

  $14,805,529

  7%

  $13,747,991

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,097,940

  Geo Method

  $23,097,940

• Alternative Use

  Use

  Valuation

  Residential

  $12,489,017

  Hospitality

  $11,439,873

  Educational

  $9,517,840

  Medical

  $9,845,173

  Retail

  $14,805,529

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.458

Longitude

-79.9174

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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