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    1800 Penny Lane Dr Jeannette, PA 15644

    For Sale
    $369,000

    1.23-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.23-acre commercial land parcel, identified as Lot #6 Penn Crossing at Penny Lane, presents a compelling investment opportunity in Jeannette, Pennsylvania. Located at 1800 Penny Ln Dr, this fee-simple property is zoned for commercial corridor use (cc), offering significant development potential. The lot is part of tax map # 55-14-00-0-258 and boasts convenient access via Penny Lane, providing direct access to the Penn Crossing Shopping Center, anchored by a Giant Eagle. The property's topography features a gentle downward slope from a relatively level area. This versatile lot is ideal for a variety of commercial uses and presents a unique opportunity for expansion, as it can be combined with adjacent lots 5 and 7 to create a larger 3.5-acre development site. The property's prime location within the Penn Crossing Shopping Center offers high visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a thriving retail environment. The asking price for this exceptional commercial land parcel is $369,000. The Westmoreland County location and 15644 zip code further enhance its appeal.

    Property Features for 1800 Penny Lane Dr

    General Information

    Property type
    Land
    Lot Size
    53,579 SF

    HighLights

    • $369,000 asking price for 1.23 acres of commercial land.
    • Located at 1800 Penny Ln Dr, Jeannette, PA 15644.
    • Westmoreland County, PA; APN 55‑14‑00‑0‑258; Fee Simple ownership.
    • CC (Commercial Corridor) zoning.
    • Part of tax map # 55‑14‑00‑0‑258; accessible from Penny Lane; adjacent to Penn Crossing Shopping Center (anchored by Giant Eagle).
    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
    -79.643536749749
    Latitude
    40.363651770644

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    FAQs

    What type of property is this?
    Land - 1.23-acre commercial lot, prime location.
    Where is this land located?
    The property is located at 1800 Penny Lane Dr Jeannette, PA.
    What is the asking price?
    The asking price for this property is $369,000.
    What are key features of this property?
    This property features: $369,000 asking price for 1.23 acres of commercial land.; Located at 1800 Penny Ln Dr, Jeannette, PA 15644.; Westmoreland County, PA; APN 55-14-00-0-258; Fee Simple ownership.
    Request Owner's contact information
    1800 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
    1800 Penny Lane Dr Jeannette, PA 15644
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