Strip District: Redevelopment / Investment / Occupy

3220-3232 Penn Avenue, Pittsburgh, PA 15201

Property Information

  • For Sale $3,950,000
  • Property Type Industrial - Flex - Industrial
  • Property Size 24,000 SF
  • Lot Size 0.84 Acre
  • Parking Spaces Avail. 28
  • Parking Ratio 1.64 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1966
  • Year Renovated 1990
  • Date Updated May 5, 2026
  • Grade Level Doors 3
  • HVAC None

Description

Strategic location in the heart of the Strip District, walkable to numerous amenities. Convenient access: 2 miles to Pittsburgh’s CBD, less than 4 miles to all major roadways (PA-28, I-279, I-579, I-376).Flex-Industrial For Sale in the Heart of the Strip District - Building Size: 24,000 SF (gross building area) - Lot Size: 0.84 total acres - Parcels: 3220 Penn Ave: 25-D-141 3228 Penn Ave: 25-D-136 3232 Penn Ave: 25-D-74, 25-D-77, 25-D-131 - Municipality: City of Pittsburgh, Allegheny County - Zoning: RIV-IMU (Riverfront Industrial Mixed-Use) - Building Use: Flex-Industrial - Surrounding Uses: Warehouse, office, residential, retail - Construction: Masonry - Loading: (3) drive-in doors - Parking: 28 surface spaces - Tenancy: Hounds Town, DoorDash (vacated early) Investment Highlights: - Two existing tenants, Hounds Town and DoorDash (expires 02/2026) provide $189,613 of NOI annually - Proforma NOI of $328,800 with full occupancy - Great for: owner-occupancy, lease-up, or vertical construction (up to 155 units)Flex-Industrial Space Available for Lease - Up to 7,665 SF Located In the Heart of the Strip District Space 1: 3232 Penn Ave - Availability: 7,435 SF flex space for lease - Current Tenant: Vacant - Occupancy: Immediately - Clear Heights: 12’-14’ - Loading: (1) 7’ x 15’ drive-in door Space 3: 3220 Penn Ave - Availability: 7,665 SF flex space for lease - Current Tenant: Work America - Occupancy: October 2026 - Clear Heights: 12’-14’ - Loading: (1) 7’ x 15’ drive-in door

Contacts

Howard A. West

Lee & Associates

Location

Located at 3220-3232 Penn Avenue, Pittsburgh, PA 15201, this property is part of the Strip District neighborhood and Pittsburgh market.

Contact Listing Broker
Howard A. West

Lee & Associates

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