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2950 Penn Ave
Pittsburgh, PA 15201
Retail Property For Sale
Investment Highlights
- CollisionRight executed a 10-year lease with two (2) five-year extension options.
- NN+ lease with landlord responsibility limited to roof and structure only.
- 5-mile radius exceeds 350,000 residents; double-digit population growth within 1-mile.
- Lease includes 2.5% annual rent escalations for predictable long-term income growth.
- Positioned in the heart of Downtown Pittsburgh with strong daily traffic exposure.
- Over 520 new residential units announced within a half-mile, strengthening local demand.
Executive Summary
Broker of Record
Kyle Matthews
License # RM423998, RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RM423998, RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,600 SF
Building Class
C
Year Built
1991
Price
$3,835,752
Price Per SF
$399.56
Cap Rate
8%
NOI
$306,860
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.20 AC
Zoning
UI - Industrial
Amenities
- Bus Line
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $762,800 | |
| Land Assessment | $225,300 | Total Assessment | $988,100 |
Property Taxes
Parcel Numbers
Land Assessment
$225,300
Improvements Assessment
$762,800
Total Assessment
$988,100
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