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1135 Penn Ave 9,600 SF Retail Building Pittsburgh, PA 15222 $600,000 ($62.50/SF)
Executive Summary
DETAILED UPDATES FORTHCOMING!
This 4-story commercial building with full basement and freight elevator provides a buyer/investor/user with transformative license to create a masterpiece for commercial and/or residential conversion. With this building's historic character and solid masonry/heavy concrete construction (circa late 1880's) and dimensions of 24' W x 100' D with 12" thick walls and 8" thick floor deck; 10' beam spacing and expansive floor plates, the Buyer could offer the end-user with unlimited possibilities for boutique hotel, condo living, and office/retail uses. Each floor is approximately 2,400 RSF (1,850 USF). Zoned GT-B "Golden Triangle Subdistrict B" which provides for high-density office, retail, cultural, as well as residential/multi-unit uses permitted.
Located ideally between the Cultural District, Convention Center, and the entrance to the Strip District, providing tremendous value in these growing neighborhoods and directly across from the Grant Street Transportation Center including public parking garage and Amtrak Train Station.
This 4-story commercial building with full basement and freight elevator provides a buyer/investor/user with transformative license to create a masterpiece for commercial and/or residential conversion. With this building's historic character and solid masonry/heavy concrete construction (circa late 1880's) and dimensions of 24' W x 100' D with 12" thick walls and 8" thick floor deck; 10' beam spacing and expansive floor plates, the Buyer could offer the end-user with unlimited possibilities for boutique hotel, condo living, and office/retail uses. Each floor is approximately 2,400 RSF (1,850 USF). Zoned GT-B "Golden Triangle Subdistrict B" which provides for high-density office, retail, cultural, as well as residential/multi-unit uses permitted.
Located ideally between the Cultural District, Convention Center, and the entrance to the Strip District, providing tremendous value in these growing neighborhoods and directly across from the Grant Street Transportation Center including public parking garage and Amtrak Train Station.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
9,600 SF
Building Class
C
Year Built/Renovated
1900/1954
Price
$600,000
Price Per SF
$62.50
Tenancy
Multiple
Building Height
4 Stories
Building FAR
4.00
Lot Size
0.06 AC
Zoning
GT-B
Frontage
24’ on Penn Ave
Amenities
- Bus Line
Moderately walkable
60/100
Moderately drivable
70/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0009-K-00062-0000-00 | Improvements Assessment | $145,500 |
| Land Assessment | $192,000 | Total Assessment | $337,500 |
Property Taxes
Parcel Number
0009-K-00062-0000-00
Land Assessment
$192,000
Improvements Assessment
$145,500
Total Assessment
$337,500
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