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2722 Penn Ave
2,500 SF of Retail Space Available in Pittsburgh, PA 15222
Highlights
- 2,500 SF lease or sale opportunity
- High ceilings
- $600,000 purchase opportunity
- Located in a high growth area
- Located just minutes from the Strip District, downtown Pittsburgh, and Lawrenceville
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 2,500 SF | Negotiable | £18.12 /SF/PA £1.51 /SF/MO £195.01 /m²/PA £16.25 /m²/MO £45,293 /PA £3,774 /MO | Modified Gross |
1st Floor
- Listed rate may not include certain utilities, building services and property expenses
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 agent 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 FOR 2722 Penn Ave , Pittsburgh, PA 15222
| Property Type | Retail | Year Built | 1965 |
| Gross Internal Area | 2,500 SF | Parking Ratio | 0.4/1,000 SF |
| Property Type | Retail |
| Gross Internal Area | 2,500 SF |
| Year Built | 1965 |
| Parking Ratio | 0.4/1,000 SF |
About the Property
Colliers is pleased to present a 2,500 SF lease or sale opportunity in the lively Strip District neighborhood. Located in the heart of the Strip, the property features ample street parking and bus line access. The highly trafficked Penn Avenue features an ADT of +/- 8,000, offering great signage potential. The building sits in a dynamic area full of office, retail, flex, and residential spaces nearby. The Strip District's vibrant culture, accessibility, and ongoing developments make it a great environment for a variety of uses! With 1,054 businesses located in a 1-mile radius, the area is constantly buzzing with a steady flow of visitors and multiple paid parking lots within a 2-10 minute walking distance. 1-Mile Radius Demographics: Population: 16,402 Average Household Income: $94,635 Median Household Income: $58,924
- Bus Route
Nearby Major Retailers
![[solidcore]](https://images.loopnet.co.uk/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
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2722 Penn Ave
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