118 Nature Park RdGreensburg, PA 15601

Property Details for 118 Nature Park Rd

Year built

1963

Construction

CONCRETE

Lot size

5.50 AC

Property size (Sq ft)

61,944 SF

Property type

Commercial real estate

APN

50-16-00-0-109

APU

5016000109

Description

This exceptional investment opportunity presents a 62,000-square-foot shopping center in Greensburg, Pennsylvania, boasting a prime location within the bustling East Greensburg retail corridor. The property, situated on a 5.5-acre lot at 118 Nature Park Road (APN 50-16-00-0-109), is fully occupied by two strong tenants: Pool City and Allegheny Health Network. Built in 1970, this single-building center offers a compelling 6.71% cap rate and a substantial net operating income (NOI) of $704,926, with an asking price of $10,500,000 ($169.35/sq ft). The property benefits from a high traffic count on US Route 30, exceeding 40,700 vehicles daily, and enjoys close proximity to major retailers including Westmoreland Mall, East Gate Shopping Center, Best Buy, Barnes & Noble, and Burlington. Tenants are on triple-net leases, minimizing landlord responsibilities and ensuring stable cash flow. The weighted average lease term remaining is 3.3 years, offering potential upside through tenant renewal options. Allegheny Health Network, a significant Pittsburgh-based integrated health network, occupies 38.2% of the gross leasable area (GLA). The East Greensburg submarket features 2.8 million square feet of retail space and an 8.5% vacancy rate. This property represents a rare opportunity to acquire a high-performing, well-located retail asset with significant long-term potential.

• Alternative Use

  Use

  Valuation

  Residential

  $16,875,416

  Hospitality

  $15,457,790

  Educational

  $12,860,700

  Medical

  $13,302,999

  Retail

  $20,005,534

Location Insight

City

Greensburg

County

Westmoreland

State

Pennsylvania

Latitude

40.3035

Longitude

-79.4962

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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