Property profile

1703-1721 Union Ave Natrona Heights, PA 15065

OFF-MARKET
Lifestyle centers
39,545 SF Built 1955
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Property summary

AI-generated overview

This exceptional 39,545-square-foot retail strip center in Natrona Heights, Pennsylvania, presents a compelling investment opportunity. Located at 1703-1721 Union Ave, 15065, Allegheny County, this single-story, 1955-built property underwent renovations in 1989 and boasts a strong tenant mix. The center is anchored by a newly signed General Services Administration (GSA) lease with the Social Security Administration, ensuring stable income. A long-standing United States Post Office adds further stability. Other tenants include a regional medical center (Allegheny Health Network Natrona Heights OB/GYN), Plaza Laundry, and Harvest Moon Coffee & Chocolates. A separately owned FNB Bank branch further enhances the property's appeal. The center is situated within the larger 370,000-square-foot Heights Plaza shopping center, spanning approximately 28 acres in Harrison Township. Its convenient location, just 25 minutes northeast of downtown Pittsburgh, and convenient access via a stoplight at Freeport Road, contribute to its high visibility and accessibility. The property is zoned for commercial use and features ten tenants under a NNN lease structure. This well-maintained property offers significant growth potential and stable rental income, making it an ideal investment for those seeking a high-performing asset in a thriving community. The property is available for sale as a whole, or individual buildings may be sold separately depending on buyer requirements.

Property profile

Verified
Property type Lifestyle centers
Year built 1955
Total area 39,545 SF

Cap rate & NOI

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

Location

1703-1721 Union Ave Natrona Heights, PA 15065
Natrona Heights 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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