355 Lincoln HwyNorth Versailles, PA 15137

  • Community centers
  • 12.56 AC

Property Details for 355 Lincoln Hwy

Lot size
12.56 AC
Property type
Community centers
APN
458-C-310
APU
458C310

Description

This exceptional retail opportunity presents 10,100 square feet of vacant space within the Great Valley Mart, located at 355 Lincoln Highway in North Versailles, Pennsylvania, 15137. The property is situated on a high-traffic retail corridor, Lincoln Highway (Route 30), boasting an impressive 26,928 average daily traffic count. This makes it an ideal location for businesses seeking high visibility and accessibility. The space is divisible, offering flexible options ranging from a minimum of 800 square feet to a maximum contiguous space of 5,000 square feet. Four individual spaces are available. The property benefits from its proximity to other major retailers, including a Walmart Supercenter to the west and Pittsburgh Plaza East to the east, which houses a diverse range of national brands such as Giant Eagle, Dunham's Sports, Big Lots, Mosites Motorsports, Phoenix Big Cinemas North, and Dollar General. The surrounding area is served by the East Allegheny School District, indicating a strong residential base. This location offers excellent potential for a variety of retail businesses seeking a prominent position in a thriving commercial area of Allegheny County. The entire 10,100 square foot building is currently vacant, presenting a unique opportunity for a single tenant or multiple tenants to establish a strong presence in this high-traffic location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $191,436,592
    6.5%
    $176,710,704
    7%
    $164,088,512
  • Comparable approach

    Method
    Valuation
    Relative Method
    $275,684,384
    Geo Method
    $275,684,384
  • Alternative Use

    Use
    Valuation
    Residential
    $149,062,080
    Hospitality
    $136,540,064
    Educational
    $113,599,736
    Medical
    $117,506,608
    Retail
    $176,710,704

Location Insight

City
North Versailles
County
Allegheny
State
Pennsylvania
Latitude
40.3846
Longitude
-79.8215
CBSA code
38300
CBSA name
PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$138,122
$867,000
$2,634,000
$3,501,000
-
$867,000
$2,634,000
$3,501,000

FAQs

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