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Vacant Former Senior Housing 2224 Walters Rd 39,900 SF Healthcare Building Online Auction Sale Allison Park, PA 15101


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Investment Highlights
- Subject vacant healthcare opportunity at 2224 Walters Road presents a 39,900-square-foot, one-story former senior housing facility.
- Turnkey healthcare user’s opportunity to oversee a 52-unit facility built out with private, semi-private, and shared rooms/suites.
- Allison Park is in the North Hills of Pittsburgh, just over 10 miles from downtown, along the Route 8 corridor with scenic parks and quiet suburbs.
- Close to UPMC Passavant-McCandless, a leading hospital with the region's only National Cancer Institute-designated Comprehensive Cancer Center.
- Former residents enjoyed accommodations like the private dining room, the library, a bistro, a billiards activity room, and a beauty/barber shop.
- Nearby shopping includes McCandless Crossing, McIntyre Square, the Northway Shops, Allison Park Plaza, and the renowned Ross Park Mall.
Executive Summary
We are proud to present 2224 Walters Road, an expansive, single-story former senior living community, presented vacant to the market and in a turnkey position for a wide range of potential new senior housing or alternative use real estate investors.
The property consists of 52 units of institutionally-maintained former assisted living units and was operating as such until late 2025 when the community was strategically taken offline.
The building features a full sprinkler system, and each apartment is equipped with an emergency call system. In addition, all exterior doors may be locked to maintain a secure environment. It is zoned for a wide range of potential uses.
2224 Walters Road is located approximately 10 miles north of Pittsburgh, Pennsylvania. It is also just 3 miles from UPMC Passavant – McCandless, the region’s leading hospital with the only National Cancer Institute-designated Comprehensive Cancer Center, ideal for proximity, referrals, and emergency services with the subject’s capabilities.
The subject’s 10-mile radius is home to a growing population of 581,945 residents. The average household income exceeds $109,500, and more than $ 7.8 billion in consumer spending power is generated each year. According to CoStar analytics, nearly 120,000 residents age 65 and older reside within a 10-mile radius, aligning with the subject’s capabilities. Additionally, the realm’s largest daytime workforce is in education and health services, with 224,000 daytime employees, underscoring the strong demand for a skilled, highly educated workforce in the area.
Property tours are by appointment only. Please contact the listing broker to schedule.
The property consists of 52 units of institutionally-maintained former assisted living units and was operating as such until late 2025 when the community was strategically taken offline.
The building features a full sprinkler system, and each apartment is equipped with an emergency call system. In addition, all exterior doors may be locked to maintain a secure environment. It is zoned for a wide range of potential uses.
2224 Walters Road is located approximately 10 miles north of Pittsburgh, Pennsylvania. It is also just 3 miles from UPMC Passavant – McCandless, the region’s leading hospital with the only National Cancer Institute-designated Comprehensive Cancer Center, ideal for proximity, referrals, and emergency services with the subject’s capabilities.
The subject’s 10-mile radius is home to a growing population of 581,945 residents. The average household income exceeds $109,500, and more than $ 7.8 billion in consumer spending power is generated each year. According to CoStar analytics, nearly 120,000 residents age 65 and older reside within a 10-mile radius, aligning with the subject’s capabilities. Additionally, the realm’s largest daytime workforce is in education and health services, with 224,000 daytime employees, underscoring the strong demand for a skilled, highly educated workforce in the area.
Property tours are by appointment only. Please contact the listing broker to schedule.
Marketing Brochure Click Here to Access
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Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
Property Facts
Room Mix Information
| Description | No. Beds |
|---|---|
| Studios | 0 |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Sale Advisors
Sale Advisors
Kyle Hallion,
Senior Director
Kyle Hallion joined Blueprint in July 2021. As a Senior Director, he leverages his experience on the principal side to successfully execute senior living and skilled nursing sales transactions throughout the Southeast. With over a decade of healthcare real estate and commercial lending experience, he leverages his broad-based expertise to strategically advise institutional and regional clients through all aspects of the disposition process. Through his first two years with the firm, Kyle has been involved with over $250mm in closed transactions. Prior to Blueprint, he served as Director of Asset Management at Ventas, a publicly traded S&P 500 REIT, where he oversaw a portfolio of nearly 400 senior living communities and 25 operator relationships.
Dillon Rudy, Director
Dillon Rudy joined Blueprint in 2018 as one of the original members of the Analytics Team. As a Director, he uses financial modeling and market research analysis to formulate highly detailed valuation and investment materials on behalf of a wide range of owner/operator profiles and is also directly responsible for overseeing the quality assurance of the firms’ best-in-class market-facing offering materials. Dillon prides himself on his work ethic, direct and organized communication style, ability to lead by example, and eagerness to tackle complex projects regardless of size & profile. He graduated from the DePaul University Driehaus College of Business with a Bachelor’s Degree in Finance, where he also gained experience as a private equity intern at a Chicago-based fund focused on seniors housing & care investments. He maintains brokerage licensure with the IL Department of Financial Regulation (Illinois License #475188063), is an avid golfer and platform tennis player, a die-hard Chicago Bears fan, and the proud father of a Golden Retriever named Maverick.
David Cummings,
Broker
David founded the company in 2006 and has held every position since its inception, including broker, accountant, agent, contract review, and cleaning crew. Dave leads Cummings & Co. Realtors to continuous growth and real estate market share as the broker for the Maryland, Pennsylvania, Delaware, District of Columbia, and Virginia regions. From an early age, Dave’s strong sense of entrepreneurism led him to early success with his one-man neighborhood lawn cutting and snow removal business. He even owned his own snowball stand at the age of 8.
In the mid-2000s, Dave saw a need in the Maryland residential brokerage market for a strong, locally owned company with a fee structure that made sense for today’s technology-based world. He strives to create an encouraging work environment that gives his associates the tools and opportunities for greater professional and financial success; such as utilizing technology to decrease an agent’s costs, providing an inviting, modern office space in multiple locations and offers the benefits of a large corporate company with the small team feel.
Known as an agent’s broker, Dave does not compete with his agents, but focuses on ways to better assist and grow each sales associate’s business. Cummings & Co. Realtors is well-respected in the industry and was named Baltimore Sun’s #1 Large Size Top Workplace in 2020, 2021, 2022 and 2023 #1 Midsize Top Workplace in 2018 and 2016, and #2 in 2019 and 2017. The Baltimore Sun also awarded Dave with the Leadership Honor in 2016.
Initially based on Canton Square in downtown Baltimore, Cummings & Co. Realtors has grown exponentially with eleven top-notch locations and over 650 Sales Associates on his team. Office locations include: Canton, Roland Park, Bel Air, Ruxton, Timonium, Perry Hall, Columbia, Federal Hill, Shrewsbury PA, Westminster, Millersville.
A native of Towson, Dave graduated from Loyola Blakefield High School and Towson University. When not working, Dave enjoys time with his daughter, Lucia and son, Blake.
In the mid-2000s, Dave saw a need in the Maryland residential brokerage market for a strong, locally owned company with a fee structure that made sense for today’s technology-based world. He strives to create an encouraging work environment that gives his associates the tools and opportunities for greater professional and financial success; such as utilizing technology to decrease an agent’s costs, providing an inviting, modern office space in multiple locations and offers the benefits of a large corporate company with the small team feel.
Known as an agent’s broker, Dave does not compete with his agents, but focuses on ways to better assist and grow each sales associate’s business. Cummings & Co. Realtors is well-respected in the industry and was named Baltimore Sun’s #1 Large Size Top Workplace in 2020, 2021, 2022 and 2023 #1 Midsize Top Workplace in 2018 and 2016, and #2 in 2019 and 2017. The Baltimore Sun also awarded Dave with the Leadership Honor in 2016.
Initially based on Canton Square in downtown Baltimore, Cummings & Co. Realtors has grown exponentially with eleven top-notch locations and over 650 Sales Associates on his team. Office locations include: Canton, Roland Park, Bel Air, Ruxton, Timonium, Perry Hall, Columbia, Federal Hill, Shrewsbury PA, Westminster, Millersville.
A native of Towson, Dave graduated from Loyola Blakefield High School and Towson University. When not working, Dave enjoys time with his daughter, Lucia and son, Blake.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Sophy Cardenas
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Broker RB068364. Ten-X Commercial Auction Firm AY002443, Auctioneer Arlene Richardson AU006275
1 of 35
Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Vacant Former Senior Housing | 2224 Walters Rd
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