1732-1862 Freeport Rd - Retail FOR SALE


Natrona Heights, PA 15065
$16,000,000 USD
412-515-8521
1732-1862 Freeport Rd, Natrona Heights, PA for Sale
$16,000,000 USD
Retail - FOR SALE
1/13
null | Request Cap Rate

1732-1862 Freeport Rd
Natrona Heights, PA 15065


HIGHLIGHTS

  • 370,825-square-foot shopping plaza located on a 0.32-acre parcel
  • Positioned at a lighted intersection with convenient access to Route 28
  • Invest in Heights Plaza as a single property, or purchase individual buildings based on investment criteria
  • Additional availabilities include a 39,545 SF strip center, a Wendy's location, Dollar Bank drive-thru parcel, and potential development parcels
  • Tenant mix includes a community shopping center, medical users, and restaurants

OVERVIEW

We are delighted to offer a premier investment opportunity in a thriving retail hub: Heights Plaza is a 370,825-square-foot shopping center situated on 0.32 acres in Natrona Heights, PA. This asset features a strong mix of national and regional tenants, including Big Lots, AHN, Planet Fitness, Community Super Market, UPMC, Davita, Allegheny Valley Health System, Subway, and J & S Pizza, ensuring significant foot traffic and stable rental income. Buyers may invest in Heights Plaza as a single property, or purchase individual buildings based on their investment criteria. Availabilities for purchase include the following: the entire 370,825 SF shopping center; a 39,545 SF strip center; a Wendy's location; a Dollar Bank drive-thru parcel; two potential parcels available for redevelopment parcels (approximately 4 acres) in the northeast corner of the site; and a half-acre parcel at the site's main entrance. In-place income generated by current and established retailers, essential services, and dining options, including UPMC, Planet Fitness, AHN, and a Community Market location; additionally, the presence of several empty spaces offers a unique value-add opportunity for investors to enhance income potential by attracting future tenants. Conveniently accessible from Route 28, consumers can easily enter the center from a lighted intersection. Nearby retailers include McDonald's, Wendy's, BP, Eat n' Park, Arby's, Dairy Queen, Burger King, Sheetz, and more! For additional site or sale information, please reference our brochure or contact our brokers Mark Anderson or Jonathan Levinson!

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heights Plaza Shopping Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

1750

LAND DETAILS

LAND ACRES

26.76 AC

LAND SF

1,165,666 SF

ZONING

Commercial

APN/PARCEL ID

1519-G-00180-0000-00

ASK ABOUT THIS PROPERTY

Mark AndersonColliersMore Info
412-515-8521

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Mark AndersonColliersMore Info
412-515-8521

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.