100 Hadley RdGreenville, PA 16125

Property Details for 100 Hadley Rd

Lot size

10.20 AC

Property size (Sq ft)

99,700 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Greenville

County

Mercer

State

Pennsylvania

Latitude

41.4156

Longitude

-80.3528

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