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1800 Penny Lane Dr Jeannette, PA 15644

OFF-MARKET Land Google Maps
1.23 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 1.23-acre commercial land parcel, identified as Lot #6 Penn Crossing at Penny Lane, presents a compelling investment opportunity in Jeannette, Pennsylvania. Located at 1800 Penny Ln Dr, this fee-simple property is zoned for commercial corridor use (cc), offering significant development potential. The lot is part of tax map # 55-14-00-0-258 and boasts convenient access via Penny Lane, providing direct access to the Penn Crossing Shopping Center, anchored by a Giant Eagle. The property's topography features a gentle downward slope from a relatively level area. This versatile lot is ideal for a variety of commercial uses and presents a unique opportunity for expansion, as it can be combined with adjacent lots 5 and 7 to create a larger 3.5-acre development site. The property's prime location within the Penn Crossing Shopping Center offers high visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a thriving retail environment. The asking price for this exceptional commercial land parcel is $369,000. The Westmoreland County location and 15644 zip code further enhance its appeal.

Property profile

Verified
Property type Land
Lot 1.23 ac (53,579 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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