Spaces For Lease

at 1952 University Dr

Laurel Plaza AVAILABLE, Now

Floor 1

Size 1,600 SF

Type RETAIL

Rate Contact for pricing

Sublease No

- Anchored by Rural King (not owned) & Dollar Tree - Land available - GLA of +/-56,289 sf - Located SE of Pittsburgh - Nearest intersection: Route 119 & Riverside Drive - Fayette county - Traffic count: 27,000 AADT - Highland Hospital - 87,700 SF Grocery Store Available - 7,095 SF Restaurant Available - GLA +/- 222,531

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Listing Agency: Gator Investments Show Phone

Listed By: James Goldsmith

Source: Moodyscre

Added: Feb 14, 2023 Changed: Oct 25 Last Checked: Oct 26 at 4:56PM

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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

Who owns this building? See the owner, sales and loan history

Open Analytics

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

Explore this area Business Placement

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

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

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