6021 Penn AvePittsburgh, PA 15216

For Sale
$1,500,000

Prime East Liberty Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional four-story, 31,485 square foot shopping center is located at 6021 Penn Avenue in Pittsburgh, Pennsylvania's desirable East Liberty neighborhood. The building boasts nearly 6,000 square feet of prime first-floor retail space with 40 feet of frontage on Penn Avenue, experiencing high vehicle (approximately 18,443 per day) and pedestrian traffic. Upper floors (second, third, and fourth) offer expansive, open floor plates with high ceilings, ideal for redevelopment into office, retail, or multi-family units. A sizable basement provides ample storage, potential leaseable space, or building management space, complete with elevator access. This property benefits from its strategic location directly across from the East Side Bonds Development, featuring over 361 apartments and 40,000 square feet of retail space, and proximity to major national retailers including Target, Whole Foods, Market District, Chase Bank, Trader Joes, and Home Depot. The asking price is $1,500,000. This presents a unique investment opportunity in a thriving, high-traffic area. The property's versatility and prime location make it an attractive prospect for a variety of uses and future development. The building's size and layout offer significant potential for increased revenue and return on investment.

Highlights

  • Four-story, 31,485 SF shopping center with nearly 6,000 SF of prime first-floor retail space, 40' of Penn Ave frontage.
  • Upper floors offer expansive, open floor plates ideal for office, retail, or multi-family conversion.
  • Basement provides ample storage and potential leaseable space with elevator access.
  • High vehicle (approx. 18,443/day) and pedestrian traffic.
  • Across from East Side Bonds Development (361+ apartments, 40,000 SF retail).
  • Excellent proximity to Target, Whole Foods, Market District, Chase Bank, Trader Joe's, and Home Depot.

Property Details for 6021 Penn Ave

Property type
Lifestyle centers, Power centers
Square Feet
31,485 SF
Stories
4

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.3929691
Longitude
-80.0479039
6021 Penn Ave, Pittsburgh, Pennsylvania

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6021 Penn Ave
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