Property profile

985 Far Hills Dr New Freedom, PA 17349

OFF-MARKET
Neighborhood centers
29,600 SF
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Property summary

AI-generated overview

Stonebridge Plaza offers an exceptional opportunity for retail businesses seeking a thriving location in Shrewsbury, PA. This single-building, 29,600 square-foot strip center is situated on a 3.19-acre lot and zoned I. Currently, there are two available spaces ranging from 1,600 to 4,800 square feet, perfect for a variety of retail or service-based businesses. The center boasts a strong anchor tenant, Gold's Gym, and benefits from the proximity to other successful retail centers like Shrewsbury Commons and Shrewsbury Square Shopping Center. This prime location is further enhanced by its close proximity to major employers including Johnson Controls, Nexterus, Oakworks, and WellSpan, ensuring a consistent flow of potential customers. The property's strategic placement within a well-established commercial area guarantees high visibility and accessibility. The net operating expenses are structured as a triple net lease (NNN) at a rate of $4.51 per square foot. This presents a compelling investment opportunity for businesses looking to establish or expand their presence in a robust and growing market. The property's size and layout offer flexibility for various business models, making it an ideal choice for those seeking a well-positioned retail space in a thriving community.

Property profile

Verified
Property type Neighborhood centers
Total area 29,600 SF

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Alternative Medicine Practice Spa & Massage Center
  • Gym & Fitness Center
  • Restaurant
  • Hair Salon

Location

985 Far Hills Dr New Freedom, PA 17349
New Freedom metro
Google Maps

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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