Anchored Shopping Center Retail
For Sale
Contact for pricing
451 Hyde Park Rd, Leechburg, PA 15656
Hyde Park Plaza is anchored by Kmart and Peebles with multiple national tenants and triple-net expense reimbursement.
Property Size143,829 SF
Days on Market122
Property Features for 451 Hyde Park Rd
General Information
Standard status
Active
Size
143,829 SF
Property subtype
Retail
Occupancy
92%
Additional Details
Traffic Count
20,949 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Columbus
(216) 264-2000
Listed By:
Craig Fuller · License #OH 2008001551
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 7:30AM
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 Marcus & Millichap - Columbus
Investment Insights
Based on property information with market context.
Hyde Park Plaza is a 143,829-square-foot shopping center anchored by Kmart and Peebles. Kmart has operated in its 85,909-square-foot unit since 1981, and Peebles has an 18,000-square-foot lease term through 2022. Additional tenants include Family Dollar, Anytime Fitness, Howard Hanna, GNC, and a McDonald’s ground lease. The center is currently 92 percent occupied, with 77 percent of gross leasable area leased into 2021 or beyond, and most tenants reimburse for triple-net expenses along with administrative fees and third-party management fees.
The property sits at the corner of Pennsylvania State Route 56 and Hyde Park Road, with reported traffic counts of 13,556 vehicles per day on PA State Route 56 and 7,393 vehicles per day on Hyde Park Road.
Seller reserves and retains all mineral interest that may be produced from the property.
The property sits at the corner of Pennsylvania State Route 56 and Hyde Park Road, with reported traffic counts of 13,556 vehicles per day on PA State Route 56 and 7,393 vehicles per day on Hyde Park Road.
Seller reserves and retains all mineral interest that may be produced from the property.
Key Highlights
- 143,829‑square‑foot shopping center in Leechburg, PA, anchored by Kmart and Peebles
- Kmart occupies 85,909 SF and has been in place since 1981; Peebles leases 18,000 SF (into 2022)
- Center is 92% occupied; 77% of gross leasable area is leased into 2021 or beyond
Property Analytics
Current Use
Lease Details
20,949 VPD
Traffic count
92%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
150k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 26%
Groceries 24%
Superstores 9%
Giant Eagle Supermarket
Groceries
35,285 visits/mo
0.2 miles
Ollie's Bargain Outlet
Shops & Services
24,729 visits/mo
0.1 miles
McDonald's
Dining
24,101 visits/mo
0.1 miles
Big Lots
Superstores
13,977 visits/mo
0.3 miles
GetGo Gas Station
Shops & Services
12,731 visits/mo
0.2 miles
Demographics for 15656, PA
9,827
Population
4,752
Households
2.1
Avg Household Size
47
Median Age
21%
College-Educated
96%
High-School Grad
31.9 sq mi
ZIP Area
308
Density / Sq Mi
$68,750
Median Household Income
$44,752
Median Earnings
$724
Median Rent
$155,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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- Hyde Park Plaza — 451 Hyde Park Rd, Leechburg, PA 15656
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Frequently Asked Questions
What type of property is this?
Shopping center - Hyde Park Plaza is anchored by Kmart and Peebles with multiple national tenants and triple-net expense reimbursement.
Where is this shopping center located?
The property is located at 451 Hyde Park Rd Leechburg, PA.
What are key features of this property?
This property features: 143,829‑square‑foot shopping center in Leechburg, PA, anchored by Kmart and Peebles; Kmart occupies 85,909 SF and has been in place since 1981; Peebles leases 18,000 SF (into 2022); Center is 92% occupied; 77% of gross leasable area is leased into 2021 or beyond
