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    OFF-MARKET
    Lifestyle centers

    1703-1721 Union Ave, Natrona Heights, PA 15065

    39,545 SF Built 1955
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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