100 Hadley Rd Greenville, PA 16125
- Lifestyle centers
- 99,700 SF
- 10.20 lot acres
Current Use by Public Records
- King Buffet / Buffet Restaurant / Chinese Restaurant
- Lisa's General Store / Used Furniture Store / Variety Store
- Sham-Pooch Professional Pet Grooming / Pet Groomer
- Edward Jones - Financial Advisor: Andrew H Eshelman / Investment Service / Finance Broker
- Greenville Plaza / Shopping Mall
Property Details for 100 Hadley Rd
- Lot size
- 10.20 lot acres
- Property size
- 99,700 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 99,700 square foot shopping center, located at 100 Hadley Road in Greenville, Pennsylvania (zip code 16125), presents a compelling investment opportunity. The Class B property boasts 8 units within a single, one-story building situated on a generous 10.2-acre lot. Currently operating at 75% occupancy, the center generates a substantial net operating income (NOI) of $194,724, representing an attractive 8.47% capitalization rate. The asking price is $2,300,000, translating to $23.07 per square foot. A recent renovation in 2022 encompassed the roof, HVAC system, parking lot, and lighting, ensuring the property's continued appeal. The gross income is $247,500, with annual expenses totaling $43,579. The property includes a front parcel, the former site of a Perkins Restaurant, with an existing foundation ready for redevelopment. This multi-tenant retail center offers significant potential for growth and return on investment. The lease type is gross, and the net rentable square footage is 99,550 square feet. This property is offered as a fee simple ownership.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenville
- County
- Mercer
- State
- Pennsylvania
- Longitude
- -80.3528
- Latitude
- 41.4156
