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1700 Penny Lane Dr Jeannette, PA 15644

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

Property summary

AI-generated overview

This exceptional 1-acre commercial lot, identified as Lot #7 Penn Crossing at Penny Lane, presents a remarkable investment opportunity in the thriving Jeannette, Pennsylvania market. Located at 1700 Penny Ln Dr, Jeannette, PA 15644, this property boasts a highly desirable location with convenient access to the Penn Crossing Shopping Center, anchored by a Giant Eagle supermarket. The lot is part of tax map # 55-14-00-0-025 and is situated on Penny Lane, providing excellent visibility and accessibility. Zoned for commercial corridor use (cc), this parcel offers significant potential for a variety of commercial developments. The level topography simplifies construction, and there's the added advantage of combining this lot with adjacent lots 6 and 5 to create a larger 3.5-acre parcel, providing even greater development flexibility. This prime location, combined with its zoning and accessibility, makes this property an ideal choice for entrepreneurs and investors seeking a strategic foothold in a growing market. The asking price is $299,900. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 1 ac (43,560 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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