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    1950 State St Hermitage, PA 16148

    For Sale
    Contact for pricing

    Prime Retail Space, High-Traffic Location

    Property size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 1,200 square foot shopping center in Hermitage, Pennsylvania, presents a compelling investment opportunity. Located at 1950 E State St, zip code 16148, this property boasts a strong tenant mix, including Dollar Tree, T-Mobile, and Little Caesars Pizza. The center is strategically situated in a high-traffic area, within the primary shopping district serving both Sharon and Hermitage. Its proximity to major roadways, including S. Buhl Farm Road, ensures excellent visibility and accessibility. The center's location adjacent to McDonald's and Taco Bell further enhances its appeal and foot traffic. The building itself is only five years old (occupancy date March 31, 2019), indicating a relatively new and well-maintained structure. The asking price is $12 per square foot. This property offers a rare chance to acquire a well-established retail center in a thriving commercial area, just a half-mile from the Shenango Valley Mall, providing additional exposure to a large consumer base. The property is classified as a retail shopping center in Mercer County. This is an excellent opportunity for investors seeking a stable and profitable retail investment in a desirable Pennsylvania location.

    Property Features for 1950 State St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    1,200 SF

    HighLights

    • 1,200 SF retail shopping center in Hermitage, PA.
    • $12/SF asking price.
    • Located at 1950 E State St, Hermitage, PA 16148.
    • Anchored by Dollar Tree, with T‑Mobile and Little Caesars Pizza as tenants.
    • Five‑year‑old center with convenient access to S. Buhl Farm Road, near McDonald's and Taco Bell, and 0.5 miles from Shenango Valley Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar Tree Dollar Store Lesia Flooring Carpet Wholesaler

    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
    Hermitage
    County
    Mercer
    State
    Pennsylvania
    Longitude
    -80.4736284
    Latitude
    41.2326854

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Space, High-Traffic Location
    Where is this lifestyle center located?
    The property is located at 1950 State St Hermitage, PA.
    What are key features of this property?
    This property features: 1,200 SF retail shopping center in Hermitage, PA.; $12/SF asking price.; Located at 1950 E State St, Hermitage, PA 16148.
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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
    1950 State St Hermitage, PA 16148
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