1701 Lincoln HwyNorth Versailles, PA 15137

  • Retail properties
  • 6.68 AC
For Lease
$12/SF/YR View listing

Property Details for 1701 Lincoln Hwy

Lot size
6.68 AC
Property type
Retail properties
Property subtype
Outlet malls
APN
645-G-340
APU
645G340

Description

This exceptional Class A retail property, located at 1701 Lincoln Hwy in the Parkway East Corridor, offers a unique investment opportunity. Originally built in 1900 and currently undergoing redevelopment by new ownership, this 133,834 square foot center sits on 11 acres of land and boasts ample parking with a 3.4 spaces-per-1000-square-feet ratio (400 total spaces). The property is zoned GR and features multiple tenancies, ideal for a variety of retail uses. Spaces are available ranging from a minimum of 3,500 square feet up to a maximum contiguous space of 14,457 square feet. The redevelopment project is transforming a former movie theater into modern, attractive retail space, catering to businesses seeking flexible and adaptable layouts. The property's prime location within the Parkway East Corridor ensures high visibility and accessibility for potential tenants. The property's APN is 0645-D-00101-0000-00. This is an excellent opportunity to secure space in a vibrant, evolving retail center with significant potential for growth and return on investment. Currently, one space of 3,167 square feet is immediately available, with larger spaces potentially available as part of the ongoing redevelopment. The property's size and flexible space options make it suitable for a wide range of retail concepts.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $101,758,016
    6.5%
    $93,930,472
    7%
    $87,221,152
  • Comparable approach

    Method
    Valuation
    Relative Method
    $146,539,888
    Geo Method
    $146,539,888
  • Alternative Use

    Use
    Valuation
    Residential
    $79,233,872
    Hospitality
    $72,577,800
    Educational
    $60,383,876
    Medical
    $62,460,572
    Retail
    $93,930,472
1701 Lincoln Hwy, North Versailles, Pennsylvania

Location Insight

City
North Versailles
County
Allegheny
State
Pennsylvania
Latitude
40.3721
Longitude
-79.7884
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
$80,368
$612,500
$1,424,600
$2,037,100
-
$612,500
$1,424,600
$2,037,100

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