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Anchored Retail Center with Grocery
For Lease
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1952 University Dr, Connellsville, PA 15456

Center offers up to 87,700 sf grocery space and 7,095 sf restaurant space for lease.

Space Size1,600 SF
Days on Market1306

Property Features for 1952 University Dr

General Information

Standard status Active
Size 1,600 SF
Property subtype RETAIL

Site & Location

Traffic Count 27,000 vehicles/day
Highway Access Yes
Road Access Yes

Spaces For Lease

at 1952 University Dr Contact us

Laurel Plaza

Floor
1
Size
1,600 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Anchored by Rural King (not owned) & Dollar Tree - Land available - GLA of +/-56,289...
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Listing Agency: Gator Investments
Listed By: James Goldsmith
Source: Moodyscre
Added: Feb 14, 2023 Changed: Sep 6 Last Checked: Sep 12 at 11:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gator Investments

Investment Insights

Based on property information with market context.

This anchored retail center is being marketed for lease with available food and restaurant space. Public remarks indicate a grocery store space of approximately 87,700 SF and a restaurant space of 7,095 SF, along with land available. Reported GLA includes both “+/- 56,289 SF” and a “+/- 222,531” figure.

The property is located SE of Pittsburgh, in Fayette County, near the intersection of Route 119 and Riverside Drive, with traffic reported at 27,000 AADT. Highland Hospital is also identified in the listing remarks.

The center is anchored by Rural King and Dollar Tree (not owned). The availability of both a grocery concept space and a restaurant space can support a range of retail and neighborhood-serving uses for qualified tenants.

Key Highlights

  • Shopping center with up to 87,700 SF grocery space and 7,095 SF restaurant space available for lease
  • Anchored by Rural King (not owned) and Dollar Tree
  • GLA of +/- 56,289 SF; also listed as GLA +/- 222,531

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Electrical Service Storage Facility Bakery Locksmith (Bike/Boat/Book/etc) Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

27,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

122
Businesses Nearby
Well-served
Demand for This Use

Demographics for 15456, PA

2,368
Population
1,163
Households
2
Avg Household Size
48
Median Age
19%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
304
Density / Sq Mi
$46,492
Median Household Income
$36,289
Median Earnings
$673
Median Rent
$110,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Center offers up to 87,700 sf grocery space and 7,095 sf restaurant space for lease.
Where is this shopping center located?
The property is located at 1952 University Dr Connellsville, PA.
What are key features of this property?
This property features: Shopping center with up to 87,700 SF grocery space and 7,095 SF restaurant space available for lease; Anchored by Rural King (not owned) and Dollar Tree; GLA of +/- 56,289 SF; also listed as GLA +/- 222,531
(305) 949-9049 Call to check price and availability
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