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3182 Innovation Way, Hermitage, PA 16148

Office building on a B2-zoned business campus with multiple development-use options and major-throughway access.

Space Size20,200 SF
Days on Market749

Property Features for 3182 Innovation Way

General Information

Standard status Active
Size 20,200 SF
Property subtype OFFICE
Zoning B2
Lease Type NNN

Additional Details

Highway Access Yes

Spaces For Lease

at 3182 Innovation Way
3182 Innovation Way $10/SF/Yr
Floor Bldg
Size 20,200 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Colliers is pleased to present the opportunity to own or lease 3182 Innovation Way and a neighboring parcel, located in LindenPointe Business Park: a business campus situated in Hermitage, PA, featuring 14 buildings (6 office, 7 medical, 1 flex) and 115 acres! This investment opportunity includes two parcels totaling 8.81 acres of land, one of which hosts a 20,200 square-foot building. Both parcels are zoned B2 (Business 2 District Use), presenting investors with a wide variety of commercial development options. - LindenPointe is the joint effort of Pennsylvania, KAKE Development Inc., Hermitage City, and Penn Northwest Development Corp. Supported by a $2.5M commonwealth investment, it provides a premium, mixed-use technical park, showcasing a $6M public-private economic initiatve model. The strategic location of the business park offers easy, commuter-friendly access to major throughways including Route 62, Route 18, I-80, and I-79. The campus’ convenient location enhances connectivity and accessibility for businesses operating within the park. Amenities within a 10-minute drivetime of the property include the Shenango Valley Mall, Hickory Square shopping center, Hillcrest Memorial Park, and numerous restaurants, retailers, and entertainment venues. - Nearby attractions within Mercer County include the Buhl Mansion Guest & Day Spa, Buhl Park, the Avalon Gofl & Country Club, and the Casino at Buhl Park; numerous recreational opportunities in the area are available via two state parks within the county, as well as the 23-mile water trail along the Shenango River. Markets within a 30-minute drivetime from the property include Youngstown, Ohio and Grove City, PA: each offering unique landmarks and attractions, including the Butler Institute of American Art, Mill Creek Park, Keystone Safari, and Grove City Premium Outlets. - B2 Zoning & Permitted Uses Include: - Data Centers - Flex Space - Hotel / Motel - Medical Space - Office Space - Restaurants - Retail
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Listing Agency: Colliers | Pittsburgh
Listed By: Patrick Sentner, SIOR
Source: Moodyscre
Added: Oct 17, 2024 Changed: Oct 26 Last Checked: Nov 3 at 6:04AM

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 Colliers | Pittsburgh

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Investment Insights

Based on property information with market context.

Offered at 3182 Innovation Way in LindenPointe Business Park, this office building sits on two parcels totaling 8.81 acres, including a 20,200 square-foot building. The property is zoned B2 (Business 2 District Use), supporting a range of commercial development options such as office space, medical space, restaurants, retail, flex space, data centers, and hotel/motel uses.

LindenPointe Business Park is described as a multi-building business campus in Hermitage, PA, featuring 14 buildings (6 office, 7 medical, 1 flex) and 115 acres. The park is positioned for commuter-friendly access to Route 62, Route 18, I-80, and I-79.

Within a 10-minute drive, the remarks cite Shenango Valley Mall, Hickory Square shopping center, Hillcrest Memorial Park, and numerous restaurants, retailers, and entertainment venues. Nearby Mercer County attractions referenced include Buhl Mansion Guest & Day Spa, Buhl Park, the Avalon Golf & Country Club, and the Casino at Buhl Park.

Key Highlights

  • 20,200 square‑foot office building on two parcels totaling 8.81 acres
  • B2 (Business 2 District Use) zoning with multiple commercial development options
  • Zoned uses include office, medical, flex space, data centers, restaurants, and retail

Property Analytics

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

Current Use

BC3 @ LindenPointe Community College West Middlesex Area ... High School

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Spa & Massage Center Law Firm HVAC Service

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

145
Businesses Nearby

Demographics for 16148, PA

16,673
Population
8,182
Households
2
Avg Household Size
50
Median Age
35%
College-Educated
92%
High-School Grad
31.5 sq mi
ZIP Area
529
Density / Sq Mi
$72,680
Median Household Income
$49,494
Median Earnings
$868
Median Rent
$186,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office building - Office building on a B2-zoned business campus with multiple development-use options and major-throughway access.
Where is this office building located?
The property is located at 3182 Innovation Way Hermitage, PA.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 20,200 square‑foot office building on two parcels totaling 8.81 acres; B2 (Business 2 District Use) zoning with multiple commercial development options; Zoned uses include office, medical, flex space, data centers, restaurants, and retail
(412) 515-8551 Call to check price and availability
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