Technical
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Property profile

0 Hicks Rd Renfrew, PA 16002

OFF-MARKET
Land
281 ac lot
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Property summary

AI-generated overview

This exceptional 281-acre development opportunity is strategically located along Route 8 at Hicks Road in Butler County, Pennsylvania. The property boasts a prime location approximately four miles south of Butler, fourteen miles north of the Pennsylvania Turnpike, and a convenient twenty-five-mile radius from Pittsburgh. This expansive parcel offers a unique blend of zoning designations, catering to a diverse range of development possibilities. A significant portion, approximately 192.6 acres, is zoned for light industrial use, presenting an ideal platform for manufacturing, warehousing, or distribution facilities. Additionally, 43.7 acres are designated for highway commercial development, perfect for retail, hospitality, or office spaces. Finally, approximately 42.7 acres are zoned for residential or conservancy purposes, allowing for the incorporation of residential components or the preservation of natural areas. The asking price for this substantial landholding is $5,100,000. The varied zoning and strategic location make this property an exceptional investment opportunity with significant potential for future growth and development. This is a rare chance to acquire a large-scale development site in a thriving region of Pennsylvania. Detailed zoning information is available upon request.

Property profile

Verified
Property type Land
Lot 281 ac (12,240,360 SF)

Cap rate & NOI

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

Location

Hicks Rd Renfrew, PA 16002
Renfrew metro
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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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