3520 5Th Ave Pittsburgh, PA 15213

The Keystone Building, a seven-story, 32,763-square-foot Class B office building located at 3520 Fifth Avenue in Pittsburgh, Pennsylvania's Oakland neighborhood, presents a rare owner-user opportunity. Built in 1968 with renovations completed in 2018, this single building comprises thirteen units. Currently occupied by the University of Pittsburgh, this property offers significant potential in a thriving market. The building's strategic location within the heart of Oakland places it in close proximity to major institutions, including Carnegie Mellon University, UPMC, and the University of Pittsburgh's main campus. Its adjacency to UPMC Presbyterian Hospital and the ongoing construction of a new, 1.2 million-square-foot UPMC Presbyterian expansion (completion in 2026) further enhances its value and potential for growth. The area is experiencing significant development, including a new 10-story life sciences building under construction nearby, and planned expansions at UPMC Children's Hospital. This combination of established tenants, significant nearby development, and available space makes The Keystone Building an exceptional investment opportunity in one of Pittsburgh's most dynamic and sought-after submarkets, characterized by historically low vacancy rates (2%-4%). The property's location within a strong education, research, and medical corridor, coupled with the presence of high-credit-rated tenants like the University of Pittsburgh and UPMC, contributes to its strong investment profile. This presents a unique chance to acquire a substantial property in a rapidly evolving and high-demand area.