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    12224 Frankstown Rd Penn Hills, PA 15235

    Sponsored
    For Lease
    Contact for pricing

    High-Visibility Retail Spaces Available in Penn Hills, PA

    Lot size:
    4,138 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail investment opportunity is located at 12224 Frankstown Road in Penn Hills, Pennsylvania, Allegheny County, zip code 15235. The property, known as the Penn Hills Municipal Shopping Center, is a neighborhood center offering multiple retail spaces for lease. Its prime location directly across from the Penn Hills Municipal Building ensures high visibility and significant foot traffic. The center benefits from its position along the heavily trafficked Frankstown Road, providing excellent exposure to potential customers. Strong anchor tenants, including Defender Self Storage, Sherwin Williams, and Grifols, contribute to a stable and attractive tenant mix, further enhancing the property's value and appeal. The property's coordinates are 40.4723324 latitude and -79.8190888 longitude. This presents a compelling investment opportunity for those seeking a well-located retail property in a thriving community. The property type is retail, specifically a neighborhood center, with multiple tenants currently occupying the available spaces. The property offers a variety of sizes and configurations to suit diverse business needs. Interested parties are encouraged to inquire for further details regarding available spaces and lease terms. This is a rare chance to acquire a well-established retail center in a desirable location with strong anchor tenants.

    Property Features for 12224 Frankstown Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,138 SF

    Unit(s) available at that property

    Space
    Available Space 2
    Size
    1,508 SF
    Space
    Available Space 1
    Size
    2,630 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Grifols Biomat USA ... Blood Donation Center

    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
    Penn Hills
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.8190888
    Latitude
    40.4723324

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    FAQs

    What type of property is this?
    Neighborhood center - High-Visibility Retail Spaces Available in Penn Hills, PA
    Where is this neighborhood center located?
    The property is located at 12224 Frankstown Rd Penn Hills, PA.
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    12224 Frankstown Rd Penn Hills, PA 15235
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    Penn Hills, PA 15235
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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
    12224 Frankstown Rd Penn Hills, PA 15235
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