Strip District Flex
For Sale
Contact for pricing
3220-3232 Penn Avenue, Pittsburgh, PA 15201
24,000 SF flex warehouse in the heart of Strip District.
Property Size24,000 SF
Days on Market270
Property Features for 3220-3232 Penn Avenue
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Industrial
Building Details
Building Size
24,000 SF
Year Built
1966
Listing Agency:
Lee & Associates | Western PA
(412) 528-1301
Listed By:
Howard West · License #RSR002660
(412) 528-1301
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 20
Last Checked: Aug 22 at 5:16AM
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 Lee & Associates | Western PA
Investment Insights
Based on property information with market context.
This 24,000 square foot flex warehouse is situated on a 0.84-acre lot in the heart of the Strip District. The property is zoned RIV-IMU (Riverfront Industrial Mixed-Use) and offers potential for vertical construction of up to 155 units. The building is currently 100% occupied by three tenants: Work America, Hounds Town, and Door Dash, providing substantial in-place cash flow. The property features 28 parking spaces and three drive-in doors. Conveniently located, it is 1.9 miles from the CBD, 2.1 miles from Route 28, and 2.1 miles from I-376 and I-579. The location provides steps to numerous nearby amenities.
Key Highlights
- Substantial in‑place cash flow from 100% occupancy by 3 tenants.
- Carried land play with potential for vertical construction of up to 155 units due to RIV‑IMU zoning.
- Prime location in the heart of the Strip District, offering steps to numerous nearby amenities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 15201, PA
12,802
Population
7,970
Households
1.6
Avg Household Size
36
Median Age
64%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
6,738
Density / Sq Mi
$86,049
Median Household Income
$59,987
Median Earnings
$1,538
Median Rent
$257,300
Median Home Value
Market
Vacancy Rate% for Industrial in Pittsburgh, PA
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Frequently Asked Questions
What type of property is this?
Flex space - 24,000 SF flex warehouse in the heart of Strip District.
Where is this flex space located?
The property is located at 3220-3232 Penn Avenue Pittsburgh, PA.
What are key features of this property?
This property features: Substantial in‑place cash flow from 100% occupancy by 3 tenants.; Carried land play with potential for vertical construction of up to 155 units due to RIV‑IMU zoning.; Prime location in the heart of the Strip District, offering steps to numerous nearby amenities.
