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    1900 Penny Lane Dr Jeannette, PA 15644

    For Sale
    $348,000

    1.16 Acres, CC Zoning, $348,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.16-acre commercial lot, identified as Lot #5 Penny Lane, presents a remarkable investment opportunity in Jeannette, Pennsylvania. Situated in Westmoreland County, this property boasts a highly desirable location along Penny Lane and enjoys convenient access via Penn Crossing Access Road, positioned to the left of Giant Eagle. The lot is predominantly flat, making it ideal for a variety of commercial developments. The property's zoning designation is "cc. commercial corridor," allowing for a wide range of potential uses. The parcel number is 55-14-00-0-258, and the asking price is $348,000. This property offers significant potential for expansion, as it can be combined with adjacent lots 6 and 7 to create an approximately 3.5-acre site. The address is 1900 Penny Ln Dr, Jeannette, PA 15644. This prime location and flexible zoning make this an attractive proposition for developers and investors seeking a strategic foothold in a growing market. The property's flat terrain simplifies development, minimizing site preparation costs. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving area.

    Property Features for 1900 Penny Lane Dr

    General Information

    Property type
    Land
    Lot Size
    50,530 SF

    HighLights

    • $348,000 asking price for 1.16 acres of commercial land.
    • Located in Jeannette, PA, Westmoreland County, at 1900 Penny Ln Dr, zip code 15644.
    • APN: 55‑14‑00‑0‑258, zoned CC (Commercial Corridor).
    • Mostly flat lot; potential to combine with adjacent lots for approximately 3.5 acres total.
    • Convenient location near 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
    -79.643519616317
    Latitude
    40.364231507778

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    FAQs

    What type of property is this?
    Land - 1.16 Acres, CC Zoning, $348,000
    Where is this land located?
    The property is located at 1900 Penny Lane Dr Jeannette, PA.
    What is the asking price?
    The asking price for this property is $348,000.
    What are key features of this property?
    This property features: $348,000 asking price for 1.16 acres of commercial land.; Located in Jeannette, PA, Westmoreland County, at 1900 Penny Ln Dr, zip code 15644.; APN: 55-14-00-0-258, zoned CC (Commercial Corridor).
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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
    1900 Penny Lane Dr Jeannette, PA 15644
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