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Property profile

1156-1158 Freedom Rd Cranberry Township, PA 16066

OFF-MARKET
Land
2.73 ac lot
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Property summary

AI-generated overview

This exceptional 2.73-acre commercial land parcel, located at 1156-1158 Freedom Road in Cranberry Township, Butler County, Pennsylvania (zip code 16066), presents a unique investment opportunity. Currently priced at $1,600,000, this property boasts significant potential for development. The site includes two existing brick structures, one of which houses an operating business, offering immediate income potential or redevelopment options. All public utilities are readily available. Note that the usable acreage is 2.54 acres after accounting for the planned PennDOT road widening. The property is zoned R-2, with a Specific CCD Corridor and Commercial CCD Overlay designation, allowing for a variety of commercial uses. Freedom Road is slated for expansion to four to five lanes, significantly increasing visibility and accessibility. This prime location is served by the Seneca Valley School District. While the listed acreage is 2.73 acres, additional acreage is available for purchase separately. The road widening project is anticipated to be completed by 2023. This property offers a compelling blend of existing infrastructure and future growth potential in a thriving Pennsylvania community. Latitude and longitude coordinates are 40.6812754, -80.1280078 respectively.

Property profile

Verified
Property type Land
Lot 2.73 ac (118,919 SF)

Cap rate & NOI

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

Location

1156-1158 Freedom Rd Cranberry Township, PA 16066
Cranberry Township metro
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Value estimations

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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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