2140 Ardmore Blvd - Medical FOR SALE


Pittsburgh, PA 15221- Braddock Hills-Forest Hills
$1,725,000 USD
717-514-6390
2140 Ardmore Blvd, Pittsburgh, PA for Sale
$1,725,000 USD
Medical - FOR SALE
1/17
null | 8.25% Cap Rate

2140 Ardmore Blvd
Pittsburgh, PA 15221
Braddock Hills-Forest Hills


HIGHLIGHTS

  • Anchored by Allegheny Health Network (~62.45% of the property), backed by a corporate guarantee from Highmark Health, with 6+ years remaining.
  • Childcare services tenant with approximately 8 years remaining further enhances rent roll stability with long-term occupancy.
  • Approximately 2,000 square feet of unleased space presents a clear opportunity to increase occupancy and grow income through lease-up.

OVERVIEW

Zeustra Healthcare Real Estate Advisors is pleased to present the exclusive opportunity to acquire 2140 Ardmore Blvd in Pittsburgh, Pennsylvania—a 16,373 square foot medical & office building located in the Forest Hills neighborhood of Pittsburgh. Offered at $1,725,000, the property generates a net operating income of $142,228, representing an attractive 8.25% capitalization rate and providing investors with stable in-place cash flow and long-term upside potential. The property is currently 88% occupied and anchored by Allegheny Health Network, which occupies approximately 62.45% of the building and is backed by a corporate guarantee from its parent company, Highmark Health—one of the largest integrated healthcare systems in the country, reporting approximately $32.4 billion in revenue in 2025. AHN maintains over six years of remaining lease term, offering investors durable income supported by strong institutional credit and long-term commitment to the location. The remaining primary tenancy is leased to a childcare services provider with approximately eight years of remaining lease term, further enhancing the stability of the rent roll with another long-term occupant. Two additional auxiliary office tenants, each occupying 200 square feet, are currently on month-to-month leases but have demonstrated longstanding tenancy at the property, providing near-term flexibility with historically consistent occupancy. In addition to its stable in-place income, the asset offers meaningful upside through approximately 2,000 square feet of currently vacant space. This space has not been actively marketed by ownership, presenting a clear opportunity for a new investor to lease-up and increase cash flow, further enhancing overall returns. Positioned within the Forest Hills neighborhood, the property benefits from strong surrounding residential density, convenient access to key thoroughfares, and proximity to everyday retail and community amenities. The combination of institutional tenancy anchored by AHN, long-term lease structures, and value-add leasing potential positions this offering as a compelling opportunity for investors seeking both stability and growth. Overall, 2140 Ardmore Blvd represents a well-located medical & office investment with strong credit tenancy, durable income, and embedded upside—offering investors the opportunity to acquire a stabilized asset at an attractive basis with the ability to drive additional value through lease-up and active management.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Thompson Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

-

APN/PARCEL ID

0300-M-00024-0000-00

ASK ABOUT THIS PROPERTY

Nick MyersZeustra Real Estate Investment ServicesMore Info
717-514-6390

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Nick MyersZeustra Real Estate Investment ServicesMore Info
717-514-6390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.