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33463158
33463150

933 5th Avenue, New Kensington, PA 15068

MB
PA rs118713a
Coldwell Banker Commercial
Listed by Coldwell Banker Commercial
$75,000
1 day on market
Updated 1 day ago
Opportunity zone

933 5th Avenue

Details
Property Type Retail, Office
Sub Type Day Care/Nursery, Storefront (+1)
Square Footage 14,400
Net Rentable (SqFt) 14,400
Tenancy Vacant
Broker Co-Op True
Class D
Buildings 1
Stories 3
Lot Size (SqFt) 4,800
Zoning C-3, "Downtown Commercial"
Investment Type Redevelopment
Ground Lease No

Redevelopment Opportunity

Marketing description

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.

Investment highlights

Priced way below reproduction cost. Three floors, elevator and full basement.

Listing Contacts

MB
PA rs118713a
Coldwell Banker Commercial
Listed by Coldwell Banker Commercial

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