4316 Penn Avenue
Property Description
Located directly across from UPMC Children's Hospital, this well-maintained, family-owned two-unit property combines strong income potential with flexible future use options for both investors or owner-occupants. The first floor commercial space offers exceptional versatility with five dedicated rooms and has previously operated successfully as a retail shop, tea room, and tailor. The layout includes a spacious front room with a half bath and two closets, along with additional flexible use spaces, ideal for office, studio, retail, or service-based businesses. A dedicated area with industrial sinks makes it especially attractive for food preparation or light culinary use. High ceilings enhance the space. Major mechanical updates include Central A/C replaced in Summer 2025 and furnace replaced in Winter 2021. Significant plumbing repairs completed in 2021 and 2025. The second-floor residential unit features a 2 bedroom, 1 bathroom apartment with a large private balcony. The kitchen was updated approximately 2 years ago and included refrigerator, stackable W/D, and gas stove. Central A/C was replaced approximately 3 years ago. The third floor has been utilized exclusively for storage, providing additional flexibility for future expansion. Basement has a dirt floor. Investors will appreciate the ability to lease immediately or reposition/upscale the property. Owner-occupant buyers will find a unique opportunity to live above their business in a prime location. Property has separate gas and electric meters and a single water meter. Parking isn't a problem with 2 car integral garage accessible via Woolslayer Way, or use easily accessible public transportation. This property sits at the center of one of the city's most dynamic growth corridors.
Broker Details
Neighborhood Realty Services, Inc. (412) 241-4700
MLS ID: 231150
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $565,000 |
| No. of Units: | 2 |
| Opportunity Zone: | No |
| Price per unit: | $282,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-WPMLPA-1764259
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