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5947 Penn Avenue

Off-Market

5947 Penn Avenue, Pittsburgh, PA 15206

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  • Property Type Office - Government Office
  • Property Size 46,760 SF
  • Lot Size 0.65 Acre
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1880

Location

  • City Pittsburgh, PA
  • Neighborhood East Liberty
  • Zip Code 15206
  • Market Pittsburgh

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 20 Nov, 2020
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Pittsburgh

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Pittsburgh Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $25.41
  • 2020 Office Vacancy Rate 15.47%
  • 2020 Office Completions (SF) 1,157,586

Pittsburgh Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $74.93
  • Y-o-Y Avg. PpSF Change -35.17%
  • 2020 Office Sales Volume $12.8M
  • 2020 Number of Transactions 3
View more Pittsburgh market trends

Tax

  • Property Tax in 2022 $47,754
  • Market Value* $2,100,000
  • Assessed Value $2,100,000

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 5947 Penn Avenue?

5947 Penn Avenue totals 46,760 square feet.

When was this property built?

5947 Penn Avenue was built in 1880.

When was 5947 Penn Avenue last sold?

5947 Penn Avenue was last sold on 20 Nov, 2020.

What is the property tax for 5947 Penn Avenue?

The property tax for 5947 Penn Avenue in 2022 was $47,754.

What is the market value for 5947 Penn Avenue?

The market value* for 5947 Penn Avenue in 2022 was $2,100,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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