747 Wallace Ave - Redevelopment Opportunity 1.04 Acres of Commercial Land Offered at $956,204 CAD in Pittsburgh, PA 15221

REDEVELOPMENT OPPORTUNITY!! The former Wilkinsburg High School presents a prime redevelopment opportunity in historic Wilkinsburg—long considered the gateway between Downtown Pittsburgh and the Eastern Suburbs. Built to last, this architecturally distinct property is rich in charm and character, featuring high ceilings, abundant natural light, with original woodwork and flooring throughout. The building encompasses over 100,000 square feet across three floors, plus an additional 25,000-square-foot lower level. The main school includes wide corridors and approximately 40 spacious classrooms (±875 SF each) with dual access, along with multiple offices and restrooms. A large library/multipurpose room showcases original proscenium architectural detail, adding to the building’s historic appeal. The connected East Wing features a stunning, state-of the-art 1,500-seat theater with balcony with direct street-level access. Above, the top floor houses a full-size gymnasium with mezzanine seating and locker rooms. The lower level offers additional amenities, including a cafeteria, dining area, woodshop, music room, and a second gymnasium. Centrally located just off Penn Avenue, the property offers strong walkability and convenient access to public transportation, including the Martin Luther King Jr. East Busway. It also provides excellent connectivity to Route 8, I-376 (Parkway East), and I-76 (PA Turnpike), making it an ideal location for commuters. With potential eligibility for tax incentives—such as Wilkinsburg’s LERTA tax abatement, Opportunity Zone designation, and Historic Tax Credits—the property presents exceptional adaptive reuse potential for a variety of uses, including multifamily, mixed-use, or institutional development. Take advantage of the area’s rich history and strong economic development support to bring new life to this iconic Wilkinsburg asset!!!