700-706 Penn AvePittsburgh, PA 15221

For Sale
$595,000

High-yield Dollar General, Pittsburgh

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail investment opportunity presents a 14,000 square foot, two-story building located at 700-706 Penn Avenue in Pittsburgh, Pennsylvania, 15221. Currently occupied by a Dollar General franchisee under a modified lease with 1 year remaining until November 30, 2025, this property boasts a strong rental history and a prime corner location. The asking price is $595,000, translating to $42.50 per square foot. The building features five parking spaces and sits on a 7,128 square foot lot. The property is zoned for residential use, presenting potential for conversion and expansion. The second floor offers significant possibilities, including conversion into apartments or additional commercial space, potentially increasing income streams. The building's solid construction and established tenant provide a stable foundation for a lucrative investment. This is a rare opportunity to acquire a well-located, income-producing property with significant upside potential in a thriving Pittsburgh neighborhood.

Highlights

  • 14,000 SF, two-story retail building at 700-706 Penn Ave, Pittsburgh, PA 15221.
  • Dollar General franchisee occupies under a modified lease expiring November 30, 2025.
  • Asking price: $595,000 ($42.50/SF).
  • Five parking spaces on a 7,128 SF lot.
  • Residential zoning allows for conversion and expansion opportunities.

Property Details for 700-706 Penn Ave

Property type
Other retail properties, Individual retail properties
Square Feet
14,000 SF
Stories
2

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.443692846378
Longitude
-79.884687382873
700-706 Penn Ave, Pittsburgh, Pennsylvania

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700-706 Penn Ave
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