Downtown Pittsburgh Hospitality
For Sale
Contact for pricing
405 Wood Street, Pittsburgh, PA 15222
Hospitality property in downtown Pittsburgh with strong corporate and institutional base.
Days on Market148
Property Features for 405 Wood Street
General Information
Standard status
Active
Property subtype
Traditional
Listing Agency:
(312) 402-2959
Listed By:
Brent Clemens · License #MA #9533459-RE-B
Source:
Alchemyrea
Added: Mar 5
Changed: Jul 6
Last Checked: Jul 30 at 5:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brent Clemens
Investment Insights
Based on property information with market context.
This hospitality property is located in downtown Pittsburgh, benefiting from a strong corporate and institutional base anchored by healthcare, financial services, technology, robotics, and advanced manufacturing sectors. These sectors contribute to the Pittsburgh CBD's trailing-12 month RevPAR gains of nearly 5%. The property benefits from a robust calendar of annual marquee events, including professional sports seasons, cultural festivals, concerts, and university-related events, driving consistent compression and elevated ADR periods. Positive long-term visitation trends are supported by downtown revitalization, riverfront development, and continued public and private sector investment, including the $740MM Esplanade development and the $300MM FNB Financial Center Lower Hill District. High barriers to entry for new downtown hotel supply exist due to historic preservation requirements, zoning constraints, limited developable sites, and elevated construction costs.
Key Highlights
- Strong corporate and institutional base including healthcare, financial services, technology, robotics, and advanced manufacturing.
- High barriers to entry for new downtown hotel supply.
- Positive long‑term visitation trends supported by downtown revitalization and riverfront development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 15222, PA
5,976
Population
4,008
Households
1.5
Avg Household Size
33
Median Age
77%
College-Educated
99%
High-School Grad
0.9 sq mi
ZIP Area
6,640
Density / Sq Mi
$111,926
Median Household Income
$61,190
Median Earnings
$1,963
Median Rent
$557,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Hospitality property in downtown Pittsburgh with strong corporate and institutional base.
Where is this hotel located?
The property is located at 405 Wood Street Pittsburgh, PA.
What are key features of this property?
This property features: Strong corporate and institutional base including healthcare, financial services, technology, robotics, and advanced manufacturing.; High barriers to entry for new downtown hotel supply.; Positive long‑term visitation trends supported by downtown revitalization and riverfront development.
