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2801 Leechburg Rd Lower Burrell, PA 15068

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For Sale
$1,600,000

Two buildings on 1.71 acres with development potential.

Lot size:
0.25 Acres

Property Features for 2801 Leechburg Rd

General Information

Lot size
0.25 Acres

Source: CENTURY 21 American Heritage Realty Agent Janet Ryan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Leechburg Road Investment Opportunity

The property features two separate buildings situated on a 1.71-acre site, which includes 167 parking spaces. The main shopping plaza has an approximate area of 19,770 square feet and 200 feet of road frontage on Leechburg Road. The rear building, with an area of 2,150 square feet, is a restaurant/lounge with two apartments on the second floor that could be rented if renovated. All tenants are responsible for utilities, including electric, gas, water, sewer, trash, and telephone, as well as janitorial services. The property has maintained almost 100% occupancy over the past 5 years. There is a side lot in the back that could be developed for out buildings or additional parking. The Gross Operating Income (GOI) is $184,320, with a Net Operating Income (NOI) of $143,725.
Insight Report Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Similar Places Nearby

Burrell Plaza

Location Insight

  • Map
  • Local Demand
City
Lower Burrell
County
Westmoreland
State
Pennsylvania
Longitude
-79.729238
Latitude
40.591683

FAQs

What type of property is this?
Shopping center - Two buildings on 1.71 acres with development potential.
Where is this shopping center located?
The property is located at 2801 Leechburg Rd Lower Burrell, PA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - High occupancy rate (almost 100% for the past 5 years) indicates stable income.; - Strong Net Operating Income (NOI) of $143,725.; - Main shopping plaza with approximately 19,770 SF and 200 feet of road frontage on Leechburg Road.
More about this property
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