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933 Fifth Ave 14,400 SF Retail Building New Kensington, PA 15068 $75,000 ($5.21/SF)
Investment Highlights
- Priced well below replacement cost.
Executive Summary
Former Furniture Store. Zoned C-3, "Downtown Commercial", which includes restaurants, retail, office space and residential on 2nd and 3rd floors. Three stories with full basement and elevator. Lot is 40 x 120 feet. Situated on Fifth Avenue which has seen serious revitalization the past 5 years with millions spent on street improvements, a new building by UPMC and formerly vacant buildings. Potential development incentives include the following: Federal Opportunity Zone, HUBZone Designation, Keystone Innovation Zone and possible facade grants by being in a National Historic District. The property will need renovated and is ideal for contractors. Three blocks from the 72 acres riverfront New Kensington Advanced Manufacturing Park which has had over a hundred million dollars committed the past several years for new buildings and renovations of existing buildings.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
14,400 SF
Building Class
B
Year Built
1950
Price
$75,000
Price Per SF
$5.21
Tenancy
Single
Building Height
3 Stories
Building FAR
3.01
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
C3 - Zone C3. "Downtown Commercial"
Frontage
40’ on 5th Ave
Amenities
- Mezzanine
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 24-03-15-0-180 | Total Assessment | $4,620 (2026) |
| Land Assessment | $1,940 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,680 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
24-03-15-0-180
Land Assessment
$1,940 (2026)
Improvements Assessment
$2,680 (2026)
Total Assessment
$4,620 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
933 Fifth Ave