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2306 Penn Ave 663 - 14,608 SF of Retail Space Available in Pittsburgh, PA 15222
Highlights
- Highly visible Penn Avenue frontage in a major destination district.
- Adjacent parking lot with dedicated entrance and exit.
- Flexible configuration suitable for subdividing into multiple tenant areas.
- Rear loading with overhead door supporting efficient retail operations.
Space Availability (4)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,145 SF | Negotiable | $24.80 /SF/YR $2.07 /SF/MO $127,596 /YR $10,633 /MO | Triple Net (NNN) | ||
| 1st Floor | 5,880 SF | Negotiable | $30.57 /SF/YR $2.55 /SF/MO $179,752 /YR $14,979 /MO | Triple Net (NNN) | ||
| 2nd Floor | 663 SF | Negotiable | $30.57 /SF/YR $2.55 /SF/MO $20,268 /YR $1,689 /MO | Triple Net (NNN) | ||
| Mezzanine | 2,920 SF | Negotiable | $24.80 /SF/YR $2.07 /SF/MO $72,416 /YR $6,035 /MO | Triple Net (NNN) |
1st Floor
Prime street-level retail area with strong visibility, existing sales floor infrastructure, loading access, and an adaptable layout suited for high-traffic customer-facing retail concepts. This 5,145 square foot space is on the right side of the building and can be combined with the left side offering for a total of 14,608 square feet.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 14,608 SF of adjacent space
1st Floor
Prime street-level retail area with strong visibility, existing sales floor infrastructure, loading access, and an adaptable layout suited for high-traffic customer-facing retail concepts. This 5,880 square foot space is on the left side of the building and can be combined with the right side offering for a total of 14,608 square feet.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 14,608 SF of adjacent space
2nd Floor
Compact upper-level retail support area ideal for back-office tasks, light prep, or auxiliary functions that enhance and streamline front-of-house retail operations.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 14,608 SF of adjacent space
Mezzanine
Expansive mezzanine designed for retail storage and operational efficiency, offering excellent capacity for inventory, prep functions, or retailer back-end workflow needs.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 14,608 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 14,608 SF | Gross Leasable Area | 14,608 SF |
| Property Type | Retail | Year Built | 1975 |
| Property Subtype | Storefront | Parking Ratio | 2/1,000 SF |
| Total Space Available | 14,608 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 14,608 SF |
| Year Built | 1975 |
| Parking Ratio | 2/1,000 SF |
About the Property
Positioned along Penn Avenue in the heart of Pittsburgh’s bustling Strip District, this property offers an exceptional retail opportunity within one of the city’s highest-traffic destinations. The surrounding neighborhood attracts millions of annual visitors and continues to expand with significant new development, strengthening the retail customer base. The building features a well-configured main retail floor, a functional second-floor support area, and a generous mezzanine ideal for storage or retail operations. Strong visibility, adjacent parking, and rear loading capabilities create operational advantages for retailers seeking a strategic location within a vibrant corridor known for consistent foot traffic and consumer activity.
- Bus Line
Nearby Major Retailers
![[solidcore]](https://images.loopnet.ca/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
