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    2000 Penny Lane Dr Jeannette, PA 15644

    For Lease
    Contact for pricing

    Jeannette, PA Shopping Center - 15,413 SF Available

    Lot size:
    107,339 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Penn Crossing Shopping Center, located at 2000 Penny Ln Dr, Jeannette, PA 15644, presents a prime retail investment opportunity. This 107,339 square foot shopping center boasts a strong tenant mix of essential retailers, anchored by a Giant Eagle grocery store – the only one within a 3-mile radius. The center serves a substantial trade area of approximately 70,000 people within a 5-mile radius, providing a stable and reliable customer base. Currently, there are 15,413 square feet of vacant space available, divisible into units ranging from 800 to 5,371 contiguous square feet, offering flexibility for various retail concepts. Existing tenants include Eastwood Hardware, PA Wine & Spirits, Sky Nails, and Warrior Pizza, further enhancing the center's appeal and creating a synergistic retail environment. The property includes 547 parking spaces, ensuring ample convenience for shoppers. Situated just 25 miles east of downtown Pittsburgh, Penn Crossing benefits from excellent accessibility and strong regional demographics. This is an exceptional opportunity to establish or expand your retail presence in a thriving community.

    Property Features for 2000 Penny Lane Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    107,339 SF

    Unit(s) available at that property

    Space
    Pad
    Size
    800 SF
    Space
    Suite C
    Size
    1,400 SF
    Space
    Suite H
    Size
    1,029 SF
    Space
    Suite H2
    Size
    1,629 SF
    Space
    Suite P1
    Size
    3,140 SF
    Space
    Suite Q2
    Size
    1,549 SF
    Space
    Suite Q3
    Size
    5,371 SF

    HighLights

    • Excellent location in Jeannette, PA, 25 miles east of Pittsburgh.
    • Limited local competition due to Jeannette's topography.
    • High‑income trade area: Average household income within 1 mile is $142,629.
    • Jeannette offers a vibrant arts and culture scene.
    • Strong community events and annual parades draw significant foot traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coinstar Kiosk - Bitcoin ... Atm Citizens Bank Atm Giant Eagle Deli Deli Giant Eagle Bakery Bakery Nicole L. Zubaty, ... Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jeannette
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.64195095
    Latitude
    40.36590639

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    Nearby Similar for Lease

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      2044 Penny Lane Dr, Jeannette, PA 15644
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    FAQs

    What type of property is this?
    Lifestyle center - Jeannette, PA Shopping Center - 15,413 SF Available
    Where is this lifestyle center located?
    The property is located at 2000 Penny Lane Dr Jeannette, PA.
    What are key features of this property?
    This property features: Excellent location in Jeannette, PA, 25 miles east of Pittsburgh.; Limited local competition due to Jeannette's topography.; High-income trade area: Average household income within 1 mile is $142,629.
    Request Owner's contact information
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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
    2000 Penny Lane Dr Jeannette, PA 15644
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