10710 Frankstown RdPenn Hills, PA 15235

Property Details for 10710 Frankstown Rd

Lot size

3.00 AC

Property type

Strip malls

Property subtype

Neighborhood centers

APN

369-C-333

APU

369C333

Description

This exceptional retail opportunity is located within the bustling Ritzland Plaza shopping center in Penn Hills, Pennsylvania, at 10710 Frankstown Road, zip code 15235. The property offers a 625 square foot space available for lease under a NNN (Net, Net, Net) lease agreement. This highly visible location benefits from significant daily traffic, with over 18,000 vehicles passing by daily. The strong tenant mix includes established businesses such as Dollar General, Boost Mobile, Soul and Sea Restaurant, and Puff Tobacco, creating a vibrant and attractive shopping environment. This single-unit space is ideal for a variety of retail uses and presents a compelling investment opportunity due to its prime location within a successful shopping center and its high visibility. The property is situated in Allegheny County and boasts convenient access for customers. The address is easily accessible from Frankstown Road, ensuring high foot traffic and visibility for your business. This is a rare chance to secure a space in a thriving retail center with a proven track record of success. The asking price is $15 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $44,811,780

  6.5%

  $41,364,720

  7%

  $38,410,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $59,404,252

  Geo Method

  $65,842,960

• Alternative Use

  Use

  Valuation

  Residential

  $34,892,688

  Hospitality

  $31,961,516

  Educational

  $26,591,606

  Medical

  $27,506,132

  Retail

  $41,364,720

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4618

Longitude

-79.8403

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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