700-706 Penn AvePittsburgh, PA 15221

For Sale
$650,000

Prime Pittsburgh Retail Space, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 14,252 square foot, two-story retail building located at 700-706 Penn Avenue in Pittsburgh, Pennsylvania. The property sits on a 0.16-acre lot and boasts 7,128 square feet of first-floor retail space, perfect for a variety of uses. The building features a full basement and offers off-street parking, a significant advantage in a bustling urban setting. Zoned C, this versatile property is ideally situated at a traffic-lighted intersection of Penn Avenue and Wood Street, benefiting from high traffic counts of 17,265 ADT on Penn Avenue and 7,267 ADT on Wood Street. The asking price is $650,000, translating to a land value of $45.61 per square foot. This is a NNN lease type property, currently vacant, presenting a blank canvas for a new owner/user to establish their business. The property is designated as an Opportunity Zone, offering potential tax advantages. This is a rare chance to acquire a strategic asset in a vibrant Pittsburgh location. Don't miss this opportunity to own a valuable piece of the Pittsburgh market.

Highlights

  • 14,252 SF two-story mixed-use building
  • 7,128 SF of first-floor retail space
  • Located in an Opportunity Zone
  • Full basement
  • Off-street parking
  • High-traffic corner location at the signalized intersection of Penn Ave & Wood St., with 17,265 ADT on Penn Ave and 7,267 ADT on Wood St.

Property Details for 700-706 Penn Ave

Property type
Other retail properties, Retail properties
Square Feet
14,252 SF
Stories
2
Lot Size (sq. ft)
6,970 SF

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.443395
Longitude
-79.8846669
700-706 Penn Ave, Pittsburgh, Pennsylvania

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700-706 Penn Ave
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