5231 Penn Ave - Medical FOR SALE


Pittsburgh, PA 15224- Garfield
$4,995,000 USD
412-528-1301
5231 Penn Ave, Pittsburgh, PA for Sale
$4,995,000 USD
Medical - FOR SALE
1/4
null | Request Cap Rate

May '27


5231 Penn Ave
Pittsburgh, PA 15224
Garfield


HIGHLIGHTS

  • Large meeting rooms and kitchenettes on each floor
  • Abundant on-site, free parking
  • Site allows for generous parking or site (re)development
  • Proximate to stable economic drivers

OVERVIEW

- 31,000 SF office building available for sale or lease, beginning 5/1/2027; subdividable by floor - Floor plates: 10,000 SF (1st & 2nd floors); 5,061 SF (3rd floor); 3,600 SF (Ground floor) - Office space with large meeting rooms and kitchenettes on each floor - On-site, free parking and direct access to public transportation - Located in Pittsburgh’s East End, with proximity to the Children’s Home of Pittsburgh, Children’s Hospital, and Liberty East Development Potential - Existing building has a large light well, 16’ ceilings, and exposed wood beams; attributes that benefit a residential redevelopment - The site totals 0.98 acres, allowing for generous parking or site (re)development Proximate to stable economic drivers: - UPMC Children’s Hospital: 313 staffed beds with $3.8 billion of patient revenue - The Children’s Home of Pittsburgh: 30-bed pediatric specialty hospital with $18.4 million of total revenue - East Liberty Family Health Care Center (ELFHCC): federally qualified health center (FQHC) – 42,00 patient visits with $12.3 million of total revenue; on-site, free parking and direct access to public transportation Multifamily Rental Rates: - Pittsburgh metro rental rates increased 2.5% for the trailing 12 months ending February 2026 - Since 2019: Pittsburgh rents increased approximately 47.9%

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Champion Commons

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

LNC

APN/PARCEL ID

0050-L-00306-0000-00,0050-R-00015-0000-00,0050-R-00019-0000-00

ASK ABOUT THIS PROPERTY

Howard WestLee & Associates of Western Pennsylvania LLCMore Info
412-528-1301

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Howard WestLee & Associates of Western Pennsylvania LLCMore Info
412-528-1301

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