1 Franklin Village MallKittanning, PA 16201

Property Details for 1 Franklin Village Mall

Year built

1979

Lot size

7.90 AC

Property size (Sq ft)

96,646 SF

Zone code

COMMERCIAL/CONSERVATION

Property type

Retail properties

Property subtype

Super regional malls

APN

12-0-042430

APU

120042430

Description

Franklin Village offers 151,673 square feet of retail space in Armstrong County, Pennsylvania. Three spaces are currently available, ranging in size from 1,700 to 7,200 square feet. This multi-tenant center enjoys a prime location at a signalized intersection providing exceptional visibility and easy access from US Route 422 and State Road 28. Its strategic location is further enhanced by its proximity to Armstrong County Memorial Hospital, the area's largest employer, located just half a mile away. The center boasts a strong tenant mix, anchored by established and well-known retailers including Big Lots, Tractor Supply, and Shop 'n Save, ensuring a consistent flow of customers. The high customer visit frequency of 7.93 demonstrates the center's popularity and strong customer loyalty. This presents a compelling opportunity for businesses seeking high visibility and a robust customer base in a thriving retail environment. The available spaces offer excellent potential for a variety of retail uses, benefiting from the established success and strong draw of the existing tenants. This is an exceptional opportunity to establish or expand your retail presence in a well-established and highly visible location.

• CAP approach

  CAP return

  Valuation

  6%

  $30,311,466

  6.5%

  $27,979,816

  7%

  $25,981,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,875,286

  Geo Method

  $48,694,972

• Alternative Use

  Use

  Valuation

  Residential

  $23,602,022

  Hospitality

  $21,619,324

  Educational

  $17,987,024

  Medical

  $18,605,626

  Retail

  $27,979,816

Location Insight

City

Kittanning

County

Armstrong

State

Pennsylvania

Latitude

40.8134

Longitude

-79.5505

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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