

933 5th Avenue
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.
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