You could probably do it for a couple hundred grand, no? The last owner would have been a bit better fit for such... but only marginally. I doubt the new regime could care less whether it's 500w or 50kW, as long as it's "Pittsburgh". Do they even have 2 people at the studio?
BTR/LTRN has been buying some more stations as of late. There was a discussion on the Tampa board about an even lower profile network owning stations in the middle of nowhere, like Delta, UT, to clear their stuff (almost) 24/7. For the price 1550 went for, it would seem to be a pretty decent strategy. For less than the price of a mediocre house, you can have a top-25 market station to sell your national spots on, with no preemptions. With 12 network :30s in a typical hour, M-F 6a-7p only, works out to something like $6.25 a spot to make your money back in the first year.