148-Bed Rehabilitation
For Sale
Contact for pricing
306 Penn Ave, Pittsburgh, PA 15221
Three-story brick healthcare facility with inpatient and outpatient treatment space, on-site parking, and an anticipated 2027 vacancy.
Property Size79,796 SF
Price / SF$36.34
Days on Market210
Property Features for 306 Penn Ave
General Information
Standard status
Active
Size
79,796 SF
Class
B
Total Parking Spaces
38
Property subtype
Office
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1963
Buildings
1
Stories
3
Construction
brick
Tenancy
Single
Abandoned
No
Listing Agency:
CBRE - Pittsburgh
(412) 995-3810
Listed By:
Kyle Prawdzik · License #PA RS305573
Source:
Crexi
Added: Feb 2
Changed: Aug 30
Last Checked: Aug 30 at 5:03PM
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 CBRE - Pittsburgh
Investment Insights
Based on property information with market context.
This 79,796-square-foot healthcare property is a three-story brick structure built in 1963 and configured as an inpatient and outpatient detoxification facility with 148 beds. Most rooms accommodate two beds, and the property includes 38 parking spaces. Pyramid Healthcare currently occupies the facility, with an estimated move-out date of February 2027 as the organization plans to relocate to the Parkway East.
The property is in Pittsburgh’s East End, less than a 10-minute walk from Rockwell Park, an 800,000-square-foot, 24-acre campus housing 3M’s M*Modal Healthcare AI Division. Bakery Square, a 1.2-million-square-foot live-work-play complex and home to Google’s Pittsburgh headquarters, is less than 2 miles away.
The existing configuration supports continued use as a 148-bed inpatient and outpatient detoxification facility. The source information also identifies senior living, retirement, multifamily, and other commercial use as redevelopment possibilities.
The property is in Pittsburgh’s East End, less than a 10-minute walk from Rockwell Park, an 800,000-square-foot, 24-acre campus housing 3M’s M*Modal Healthcare AI Division. Bakery Square, a 1.2-million-square-foot live-work-play complex and home to Google’s Pittsburgh headquarters, is less than 2 miles away.
The existing configuration supports continued use as a 148-bed inpatient and outpatient detoxification facility. The source information also identifies senior living, retirement, multifamily, and other commercial use as redevelopment possibilities.
Key Highlights
- 79,796 SF, three‑story brick healthcare facility built in 1963
- 148‑bed inpatient/outpatient detoxification facility
- Currently 100% occupied by Pyramid Healthcare; estimated move‑out date is February 2027
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
Explore this area
Business Placement
Demographics for 15221, PA
28,913
Population
17,621
Households
1.6
Avg Household Size
42
Median Age
42%
College-Educated
95%
High-School Grad
6.2 sq mi
ZIP Area
4,663
Density / Sq Mi
$55,241
Median Household Income
$42,411
Median Earnings
$954
Median Rent
$157,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Rehabilitation center - Three-story brick healthcare facility with inpatient and outpatient treatment space, on-site parking, and an anticipated 2027 vacancy.
Where is this rehabilitation center located?
The property is located at 306 Penn Ave Pittsburgh, PA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 79,796 SF, three‑story brick healthcare facility built in 1963; 148‑bed inpatient/outpatient detoxification facility; Currently 100% occupied by Pyramid Healthcare; estimated move‑out date is February 2027
