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    1952 University Dr Connellsville, PA 15425

    Sponsored
    For Lease
    Contact for pricing

    Prime Connellsville retail space, fully vacant, multiple units available.

    Lot size:
    284,286 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Laurel Plaza, located at 1952 University Drive in Connellsville, Pennsylvania (zip code 15425), presents a significant retail investment opportunity. This shopping center encompasses a total of 284,286 square feet situated on a 56,289 square foot lot in Fayette County. Currently, the entire 284,286 square feet is available for lease, offering unparalleled flexibility for a single large tenant or multiple smaller occupants. The property allows for a minimum divisible space of 456 square feet, ideal for smaller businesses, while also accommodating larger tenants with a maximum contiguous space of 87,704 square feet. This versatile layout caters to a wide range of retail concepts and business sizes. The property's address is easily accessible, offering high visibility and convenient access for customers. This presents a unique chance to establish a strong retail presence in Connellsville, Pennsylvania. The property is classified as a retail shopping center with multiple tenancy options. Interested parties are encouraged to explore the potential of this expansive and adaptable retail space.

    Property Features for 1952 University Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    284,286 SF

    Unit(s) available at that property

    Space
    Suite 23
    Size
    865 SF
    Space
    Suite 24
    Size
    456 SF
    Space
    Suite 10
    Size
    3,800 SF
    Space
    Suite 8B
    Size
    2,700 SF
    Space
    Suite 17
    Size
    2,000 SF
    Space
    Suite 19
    Size
    2,000 SF
    Space
    Suite 9
    Size
    3,600 SF
    Space
    Suite 11-13
    Size
    13,200 SF
    Space
    Suite 18
    Size
    2,000 SF
    Space
    Space: 15
    Size
    7,095 SF
    Space
    Suite 25
    Size
    1,600 SF
    Space
    Suite 26
    Size
    1,150 SF
    Space
    Suite 27-28
    Size
    1,600 SF
    Space
    Space: 21/22
    Size
    4,020 SF
    Space
    Space 15B
    Size
    5,194 SF
    Space
    Suite 29
    Size
    2,500 SF
    Space
    Suite 36
    Size
    87,704 SF
    Space
    Suite 14
    Size
    14,387 SF
    Space
    Suite 32
    Size
    3,000 SF
    Space
    Suite 30
    Size
    6,500 SF

    HighLights

    • 7,700 SF Grocery‑Anchored Space Available
    • 7,095 SF Restaurant Space Available
    • 27,000 Average Annual Daily Traffic Count (AADT)
    • 222,531 Square Feet of Gross Leasable Area (GLA)
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Connellsville
    County
    Fayette
    State
    Pennsylvania
    Longitude
    -79.5378634
    Latitude
    40.0186669

    Nearby Comparable

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    Nearby Similar for Lease

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      73,919 SF

      Widewaters Commons Retail Space

      Connellsville, PA: Prime Retail Opportunity
      802 Vanderbilt Rd, Connellsville, PA 15425
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    • $16 SF/Yr
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      Retail Space in Dense Corridor

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      1306 Memorial Blvd, Connellsville, PA 15425
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      Retail Space in Connellsville Center

      Retail space available in well-established Connellsville neighborhood center.
      119 Memorial Blvd, Connellsville, PA 15425
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    • $5 SF/Yr
      1,500 SF

      Connellsville Flex/Industrial Space Available

      Flex/industrial space available for lease in Connellsville, Pennsylvania.
      208-224 Memorial Blvd, Connellsville, PA 15425
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Connellsville retail space, fully vacant, multiple units available.
    Where is this lifestyle center located?
    The property is located at 1952 University Dr Connellsville, PA.
    What are key features of this property?
    This property features: 7,700 SF Grocery-Anchored Space Available; 7,095 SF Restaurant Space Available; 27,000 Average Annual Daily Traffic Count (AADT)
    Request Owner's contact information
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    Connellsville, PA 15425
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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
    1952 University Dr Connellsville, PA 15425
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