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4905 Penn Ave 1,900 sq ft Retail Property Pittsburgh, PA 15224 £455,859 (£239.93/sq ft) 7.43% Net Initial Yield
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
Shopfront
Property Size
1,900 sq ft
Costar Property Class
C
Year Built
1900
Price
£455,859
Price per sq ft
£239.93
Yield
7.43%
NOI
£33,888
Tenancy
Single
Number of Floors
1
Plot ratio
0.96
Total Plot Size
0.05 ac
Use Class
LNC
Frontage
20 ft on Penn Ave
AMENITIES
- Bus Route
Walk Score®
Excellent pedestrian access (91)
Bike Score®
Good for cycling (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0050-K-00313-0000-00 | Improvements Assessment | £79,439 |
| Land Assessment | £20,626 | Total Assessment | £100,065 |
PROPERTY TAXES
Parcel Number
0050-K-00313-0000-00
Land Assessment
£20,626
Improvements Assessment
£79,439
Total Assessment
£100,065
(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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