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Property profile & analytics
OFF-MARKET
Medical Office Space

224 Penn Ave Pittsburgh, PA 15221-2154

0.23 ac lot
Individually Owned Free & Clear
Property ID
US73-2083329
Property summary
AI-generated overview

This exceptional office space at 224 Penn Avenue in Pittsburgh, PA, offers a fantastic opportunity for businesses seeking flexible and well-located accommodations. The building, a three-story Class B property constructed in 1985, boasts a total of 10,800 square feet, with 3,375 square feet currently available for lease. Units range from a minimum of 825 square feet to a maximum contiguous space of 1,650 square feet, catering to a variety of business needs. The building features convenient amenities including a hydraulic elevator, thirteen parking spaces (a mix of lot and street parking), and secure intercom access. Its location is highly desirable, providing easy access to public transportation via the bus line and proximity to several vibrant Pittsburgh neighborhoods including Wilkinsburg, Point Breeze, Regents Square, Squirrel Hill, and Shadyside. Professional on-site management ensures a well-maintained and efficient work environment. A significant incentive is offered: three months of free rent during the first year of tenancy. This is a rare opportunity to secure high-quality office space in a prime Pittsburgh location at an exceptional value. The building is professionally maintained and offers a secure and convenient work environment.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Lot 0.23 ac (10,150 SF)
APN 175-K-261
UPID US73-2083329
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Debbie M Lewis Family Dentistry Dental Office
  • Aishel Real Estate Property Management Company Real Estate Agent
  • JKG Real Estate Services, LLC Real Estate Agency
  • HERBERT C BAZRON JR Physician
  • Patrick J. McElfresh, Ph.D. Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Maryland Acres L L C
Maryland Acres L L C
since 2025
4 recorded transactions
2025
$4,800
2019
Price N/A
2014
$300,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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