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4905 Penn Ave 1,900 SF Retail Building Pittsburgh, PA 15224 $610,000 ($321.05/SF) 7.43% Cap Rate
INVESTMENT HIGHLIGHTS
- Retail investment building
- Prime Garfield location
- 10,580 Vehicles Per Day on Penn Ave
- Tenant is on a 10 year lease with 12% rent increase in year five
- Located in close proximity to the West Penn & UPMC Children's Hospital
- 20' of frontage on Penn Ave
EXECUTIVE SUMMARY
SVN Three Rivers Commercial Advisors is pleased to present for sale this retail investment property at 4905 Penn Ave in Pittsburgh's Garfield neighborhood. This 1,900 SF building offers 20' of frontage on Penn Ave with ample visibility and traffic. The retail restaurant space is leased to Wings Over with a 10 year lease term remaining.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,900 SF
Building Class
C
Year Built
1900
Price
$610,000
Price Per SF
$321.05
Cap Rate
7.43%
NOI
$45,347
Tenancy
Single
Building Height
1 Story
Building FAR
0.96
Lot Size
0.05 AC
Zoning
LNC
Frontage
20’ on Penn Ave
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0050-K-00313-0000-00 | Improvements Assessment | $106,300 |
| Land Assessment | $27,600 | Total Assessment | $133,900 |
PROPERTY TAXES
Parcel Number
0050-K-00313-0000-00
Land Assessment
$27,600
Improvements Assessment
$106,300
Total Assessment
$133,900
(412) 535-8062
x1006
CONTACTS
-
Andreas Kamouyerou -
Michael Kamouyerou -
SVN - Three Rivers Commercial Advisors
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4905 Penn Ave
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