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    300-340 Central City Plz New Kensington, PA 15068

    For Sale
    $2,250,000

    Value-add shopping center in New Kensington, PA

    Property size:
    80,505 SF

    Description

    Added:
    Jan 20, 2025
    Days on Market:
    322
    Central City Plaza, a prime 80,505-square-foot retail plaza situated in the heart of downtown New Kensington, Pennsylvania, presents a compelling value-add investment opportunity. This main street location boasts ample parking and convenient access to public transportation. The property includes two 18,000-square-foot end-cap spaces currently available for lease, along with a 2nd generation supermarket space and a 2nd generation medical space. Potential exists for lease-up, redevelopment, repositioning, and even outparcel development. Recent capital improvements enhance the property's appeal, including a new roof installed in 2016, 75% of the parking lot resurfaced, and a conversion to energy-efficient LED exterior lighting. The property sits on a 1.85-acre lot and features three dock-high doors and a 3,000-square-foot common loading area. Note that income figures are based on current rents, and expenses are pro forma. This property offers a unique chance to capitalize on a strong location and significant upside potential. The property is located at 300-340 Central City Plz, New Kensington, PA 15068.

    Property Features for 300-340 Central City Plz

    General Information

    Property type
    Shopping centers
    Square Feet
    80,505 SF
    Price / Square Foot
    $27
    Elevators
    N/A
    Lot Size
    80,505 SF

    HighLights

    • 80,505 square foot retail plaza in prime New Kensington location.
    • Value‑add opportunity with lease‑up potential and redevelopment options.
    • Features ample parking, public transportation access, and recent capital improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Car Rental Bed & Breakfast Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    New Kensington
    State
    Pennsylvania

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    FAQs

    What type of property is this?
    Shopping center - Value-add shopping center in New Kensington, PA
    Where is this shopping center located?
    The property is located at 300-340 Central City Plz New Kensington, PA.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 80,505 square foot retail plaza in prime New Kensington location.; Value-add opportunity with lease-up potential and redevelopment options.; Features ample parking, public transportation access, and recent capital improvements.
    (412) 726-1095
    Request Owner's contact information
    300-340 Central City Plz New Kensington, PA 15068
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    New Kensington, PA 15068
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    300-340 Central City Plz New Kensington, PA 15068
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