5515 Penn AvePittsburgh, PA 15206

Property Details for 5515 Penn Ave

Lot size

0.14 AC

Property type

Retail residential properties

APN

83-N-272

APU

83N272

Description

This exceptional 4,000 square foot single-tenant property at 5515 Penn Avenue in Pittsburgh, Pennsylvania offers a unique blend of retail and office space. Located in Allegheny County, zip code 15206, this versatile space boasts high ceilings and exposed brick, creating a stylish and functional environment. The layout includes a large open area ideal for retail or flexible workspace, complemented by two sizable offices or conference rooms. A sliding door provides the option to easily separate the retail and office areas, allowing for adaptable configurations to suit various business needs. The property's prime location offers unparalleled convenience, situated just one block from Whole Foods and the Liberty East Development. Its central location provides easy access to key areas such as Bakery Square, UPMC Children's Hospital, and Lawrenceville, while also being a short 2.4-mile commute to Oakland, Carnegie Mellon University, and the University of Pittsburgh. This property presents a rare opportunity to secure a well-positioned, adaptable space in a thriving Pittsburgh neighborhood. The property is classified as Retail and Office, with a Creative Office subtype.

• CAP approach

  CAP return

  Valuation

  6%

  $1,831,003

  6.5%

  $1,690,157

  7%

  $1,569,431

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,922,663

  Geo Method

  $1,922,663

• Alternative Use

  Use

  Valuation

  Residential

  $1,690,157

  Hospitality

  $1,548,175

  Educational

  $1,288,063

  Medical

  $1,332,362

  Retail

  $2,003,654

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4642

Longitude

-79.9318

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].