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    1700 Penny Lane Dr Jeannette, PA 15644

    For Sale
    $299,900

    Prime Commercial Lot, Penny Lane, Jeannette, PA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 1-acre commercial lot, identified as Lot #7 Penn Crossing at Penny Lane, presents a remarkable investment opportunity in the thriving Jeannette, Pennsylvania market. Located at 1700 Penny Ln Dr, Jeannette, PA 15644, this property boasts a highly desirable location with convenient access to the Penn Crossing Shopping Center, anchored by a Giant Eagle supermarket. The lot is part of tax map # 55-14-00-0-025 and is situated on Penny Lane, providing excellent visibility and accessibility. Zoned for commercial corridor use (cc), this parcel offers significant potential for a variety of commercial developments. The level topography simplifies construction, and there's the added advantage of combining this lot with adjacent lots 6 and 5 to create a larger 3.5-acre parcel, providing even greater development flexibility. This prime location, combined with its zoning and accessibility, makes this property an ideal choice for entrepreneurs and investors seeking a strategic foothold in a growing market. The asking price is $299,900. Serious inquiries are encouraged.

    Property Features for 1700 Penny Lane Dr

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • $299,900 asking price for 1‑acre commercial land parcel.
    • Located at 1700 Penny Ln Dr, Jeannette, PA 15644.
    • APN: 55‑14--00‑0‑025, zoned CC (Commercial Corridor).
    • Part of Penn Crossing development, near Giant Eagle.
    • Potentially combinable with adjacent lots for a total of approximately 3.5 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Jeannette
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.643711082241
    Latitude
    40.363227829832

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, Penny Lane, Jeannette, PA
    Where is this land located?
    The property is located at 1700 Penny Lane Dr Jeannette, PA.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: $299,900 asking price for 1-acre commercial land parcel.; Located at 1700 Penny Ln Dr, Jeannette, PA 15644.; APN: 55-14--00-0-025, zoned CC (Commercial Corridor).
    Request Owner's contact information
    1700 Penny Lane Dr Jeannette, PA 15644
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    Jeannette, PA 15644
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1700 Penny Lane Dr Jeannette, PA 15644
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