For Sale
$4,500,000

1952 University DrLemont Furnace, PA 15456

200,000 SF Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Pennsylvania investment property presents a rare opportunity to acquire approximately 200,000 square feet of retail space situated on roughly 60 acres of flat land in Connellsville, Fayette County. The property, located at 1952 University Dr, 311, Lemont Furnace, PA 15456, boasts a prime location with convenient access to major highways and proximity to the airport. Currently configured for multiple uses including a grocery store, restaurant, and shopping center, the property offers significant potential for value-add improvements. The existing structure is a single-story, 200,000 square foot building, suitable for a variety of retail and wholesale distribution uses. The property is currently partially occupied by an established Dollar Tree, providing immediate cash flow and demonstrating market viability. The expansive acreage offers significant potential for future development, including possibilities for self-storage facilities. This is a unique opportunity to acquire a large-scale retail property with existing income and substantial upside potential. The asking price is $4,500,000, representing a compelling value for an investor seeking a significant return. The property is owned by an LLC. This is a value-add investment opportunity not to be missed.

Highlights

  • 200,000 SF retail building on ~60 acres in Connellsville, PA.
  • Prime location with highway access and airport proximity.
  • Currently partially occupied by Dollar Tree, generating immediate cash flow.
  • Suitable for various retail and wholesale uses; significant value-add potential.
  • $4,500,000 asking price; strong ROI potential.

Property Details for 1952 University Dr

Property type
Lifestyle centers, Power centers
Square Feet
200,000 SF
Buildings
1
Stories
1

Location Insight

City
Lemont Furnace
County
Fayette
State
Pennsylvania
Latitude
39.9604777
Longitude
-79.6472281
1952 University Dr, Lemont Furnace, Pennsylvania

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1952 University Dr
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