Log In/Sign Up
Your email has been sent.
Historic Retail | Upside | Heart of Downtown 1018 Fifth Ave 9,200 SF Vacant Retail Building Online Auction Sale Pittsburgh, PA 15219
Matterport 3D Tours
Investment Highlights
- 1018 Fifth Avenue presents a historic Pittsburgh building built in the early 1900s, offering buyers an excellent redevelopment opportunity.
- New ownership is open to joint venture opportunities of repurpose/redevelopment, which is highly supported via Allegheny County’s Opportunity Zone.
- Located between Downtown Pittsburgh and Oakland, with proximity to major employment centers, institutions, interchanges, and points of interest.
- Prominent location on one of Pittsburgh's major roads, Fifth Avenue, which sees more than 12,700 vehicles per day.
- Centrally located amongst major development projects; part of the Uptown Neighborhood, a vibrant and diverse area full of growth and transformation.
- Convenient proximity to the Interstate 579 and 376 interchange, near the scenic Monongahela and Allegheny Rivers, a one-of-a-kind location.
Executive Summary
CBRE, as exclusive agent for the owner, is pleased to offer qualified investors the opportunity to acquire the property located at 1018 Fifth Avenue, Pittsburgh, Pennsylvania. The property is a 9,200-square-foot, four-story brick building situated on a 0.05-acre parcel.
Built in the early 1900s, the property has seen many occupants. Most recently, the building was home to Crown Antiques, a Pittsburgh staple that welcomed collectors and antique enthusiasts for more than 25 years. The recent vacancy presents an excellent redevelopment opportunity, whether for retail or office use.
The property's proximity to Pittsburgh's Central Business District is key. It is within walking distance of Grant Street, where many of Pittsburgh's largest office buildings, as well as the Allegheny County Courthouse and City-County Building, are located. This location is accessible by public transportation, including several Pittsburgh Regional Transit (PRT) bus stops and Light Rail lines at Steel Plaza. There is also easy access to major city roads, including Interstate 579 and Bigelow Boulevard, as well as the 10th Street Bridge and the Liberty Bridge, which connect to the city's south end.
The property is located within the Uptown neighborhood of Pittsburgh, situated between Downtown and Oakland. The neighborhood is described as close to the city, yet quiet and safe, with easy access to interstates, downtown, and other Pittsburgh neighborhoods. Uptown is home to Duquesne University, PPG Paints Arena, and UPMC Mercy Hospital, making it a high-traffic area just outside of the Central Business District.
Property tours are by appointment only. Please contact the listing broker to schedule.
Built in the early 1900s, the property has seen many occupants. Most recently, the building was home to Crown Antiques, a Pittsburgh staple that welcomed collectors and antique enthusiasts for more than 25 years. The recent vacancy presents an excellent redevelopment opportunity, whether for retail or office use.
The property's proximity to Pittsburgh's Central Business District is key. It is within walking distance of Grant Street, where many of Pittsburgh's largest office buildings, as well as the Allegheny County Courthouse and City-County Building, are located. This location is accessible by public transportation, including several Pittsburgh Regional Transit (PRT) bus stops and Light Rail lines at Steel Plaza. There is also easy access to major city roads, including Interstate 579 and Bigelow Boulevard, as well as the 10th Street Bridge and the Liberty Bridge, which connect to the city's south end.
The property is located within the Uptown neighborhood of Pittsburgh, situated between Downtown and Oakland. The neighborhood is described as close to the city, yet quiet and safe, with easy access to interstates, downtown, and other Pittsburgh neighborhoods. Uptown is home to Duquesne University, PPG Paints Arena, and UPMC Mercy Hospital, making it a high-traffic area just outside of the Central Business District.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,200 SF
Building Class
C
Year Built
1900
Percent Leased
Vacant
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
11’
Building FAR
4.22
Lot Size
0.05 AC
Opportunity Zone
Yes
Parcel Number
0002-G-00010-0000-00
Zoning
UPR-A - Uptown Public Realm District A
Frontage
18’ on Fifth Avenue
Amenities
- Bus Line
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
21,828
162,785
391,569
2020 Population
18,320
152,905
390,804
2030 Population
22,415
163,771
389,122
2025-2030 Projected Population Growth
2.7%
0.6%
-0.6%
Daytime Employees
113,519
317,268
399,029
Total Businesses
7,326
25,677
35,838
Average Household Income
$100,563
$85,679
$93,012
Median Household Income
$69,722
$58,993
$67,921
Total Consumer Spending
$250.4M
$1.9B
$4.9B
Median Age
32.1
34.2
37.2
2025 Households
9,763
74,678
180,265
Percent College Degree or Above
23%
20%
22%
Average Home Value
$403,275
$282,666
$288,091
Nearby Major Retailers
Sale Advisor
Sale Advisor
Eric Greenfield, Salesperson
Mr. Greenfield specializes in advising clients in the disposition and acquisition of income-producing office, retail, multi-housing, industrial and net leased properties.
In 2011, Mr. Greenfield relocated to Pittsburgh from New York City where he worked as a real estate broker for over 17 years. He began his brokerage career at Quality Living Village Inc. as a residential leasing and sales representative. In 2002, after several successful years in the residential sector, Eric transitioned to commercial investment real estate and started working as a broker with Marcus & Millichap of Manhattan. In 2004, Eric moved to Massey Knakal Realty Services of New York where he became a First Vice President and focused on multi-housing, mixed-use and development sales in Brooklyn. While at Massey Knakal, Eric closed more than 70 property transactions with an approximate aggregate value of $500 million. Since being with CBRE Inc. of Pittsburgh Eric has become one of the companies’ experts in investment property sales in Pennsylvania, New York and West Virginia with a focus on all income producing investment property types including retail, net-leased, office, Industrial and multi-family. In the 5 years since Eric has been back in Pittsburgh he has successfully sold more than 40 transactions exceeding an aggregate value of over $200 million. The combination of Eric's previous transactional experience in New York City along with his expertise in the Pennsylvania and West Virginia real estate markets, Eric has the wellrounded track record needed to help his clients achieve their goals.
In 2011, Mr. Greenfield relocated to Pittsburgh from New York City where he worked as a real estate broker for over 17 years. He began his brokerage career at Quality Living Village Inc. as a residential leasing and sales representative. In 2002, after several successful years in the residential sector, Eric transitioned to commercial investment real estate and started working as a broker with Marcus & Millichap of Manhattan. In 2004, Eric moved to Massey Knakal Realty Services of New York where he became a First Vice President and focused on multi-housing, mixed-use and development sales in Brooklyn. While at Massey Knakal, Eric closed more than 70 property transactions with an approximate aggregate value of $500 million. Since being with CBRE Inc. of Pittsburgh Eric has become one of the companies’ experts in investment property sales in Pennsylvania, New York and West Virginia with a focus on all income producing investment property types including retail, net-leased, office, Industrial and multi-family. In the 5 years since Eric has been back in Pittsburgh he has successfully sold more than 40 transactions exceeding an aggregate value of over $200 million. The combination of Eric's previous transactional experience in New York City along with his expertise in the Pennsylvania and West Virginia real estate markets, Eric has the wellrounded track record needed to help his clients achieve their goals.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Taylor Cunningham
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Broker RB068364. Ten-X Commercial Auction Firm AY002443, Auctioneer Arlene Richardson AU006275
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
Historic Retail | Upside | Heart of Downtown | 1018 Fifth Ave
Presented by
Historic Retail | Upside | Heart of Downtown | 1018 Fifth Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.