For Sale
$2,300,000

100 Hadley Rd Greenville, PA 16125

Prime Greenville, PA Retail Center

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 99,700 square foot shopping center, located at 100 Hadley Road in Greenville, Pennsylvania (zip code 16125), presents a compelling investment opportunity. The Class B property boasts 8 units within a single, one-story building situated on a generous 10.2-acre lot. Currently operating at 75% occupancy, the center generates a substantial net operating income (NOI) of $194,724, representing an attractive 8.47% capitalization rate. The asking price is $2,300,000, translating to $23.07 per square foot. A recent renovation in 2022 encompassed the roof, HVAC system, parking lot, and lighting, ensuring the property's continued appeal. The gross income is $247,500, with annual expenses totaling $43,579. The property includes a front parcel, the former site of a Perkins Restaurant, with an existing foundation ready for redevelopment. This multi-tenant retail center offers significant potential for growth and return on investment. The lease type is gross, and the net rentable square footage is 99,550 square feet. This property is offered as a fee simple ownership.

Highlights

  • 99,700 SF Class B shopping center on a 10.2-acre lot in Greenville, PA (16125).
  • 8-unit, single-story building with 75% occupancy.
  • $2,300,000 asking price ($23.07/SF), generating $194,724 NOI (8.47% cap rate).
  • Recently renovated (2022): roof, HVAC, parking lot, and lighting.
  • Gross income: $247,500; Expenses: $43,579; Includes redevelopable former restaurant site.

Property Details for 100 Hadley Rd

Property type
Lifestyle centers, Power centers
Square Feet
99,700 SF
Class
B
Buildings
1
Stories
1
Lot Size (sq. ft)
444,312 SF
Units
8

Location Insight

City
Greenville
County
Mercer
State
Pennsylvania
Latitude
41.4156159
Longitude
-80.3528144

FAQs

What type of property is this?
Lifestyle center - Prime Greenville, PA Retail Center
Where is the lifestyle center located?
The property is located at 100 Hadley Rd Greenville, PA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 99,700 SF Class B shopping center on a 10.2-acre lot in Greenville, PA (16125).; 8-unit, single-story building with 75% occupancy.; $2,300,000 asking price ($23.07/SF), generating $194,724 NOI (8.47% cap rate).
How can I contact the broker?
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100 Hadley Rd
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