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Property profile & analytics
OFF-MARKET Estimated value $2,600,000
Turn key restaurants

185 Waterfront Dr Homestead, PA 15120-5013

1.71 ac lot
Individually Owned 2-yr Hold Free & Clear
Property ID
US73-0767220
Property summary
AI-generated overview

This exceptional retail property, The Waterfront, in Homestead, Pennsylvania (zip code 15120), boasts a substantial 849,747 square feet of retail space, strategically divided into a dynamic power center and a vibrant lifestyle center. The Market on Waterfront, a 350,000-square-foot power center, is anchored by a strong lineup of national retailers including Bed Bath & Beyond, Dick's Sporting Goods, TJ Maxx, Marshalls, Petco, Best Buy, Ross Dress for Less, Michaels, and DSW. This impressive anchor tenant roster is further bolstered by the proximity of significant shadow anchors such as Target, Lowe's Home Improvement Center, and Giant Eagle, ensuring high foot traffic and strong consumer draw. Complementing the power center is the Waterfront Town Center, a 400,000-square-foot lifestyle retail destination anchored by a 22-screen AMC IMAX Theatre and Dave & Buster's, along with a diverse collection of upscale restaurants and specialty shops. Located at 185 E Waterfront Dr, this multi-tenant community shopping center presents a unique opportunity within Allegheny County's thriving retail market. The property's prime location and impressive tenant mix offer significant potential for investors seeking a high-performing retail asset. The property is situated at 40.410671185433785 latitude and -79.91538324671971 longitude.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Lot 1.71 ac (74,488 SF)
APN 130-E-25
UPID US73-0767220
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
AI Approach AI
$2.59M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.60M
Owner & transaction history
C A G Waterfront Apts L L C · 2 yrs held
C A G Waterfront Apts L L C
since 2024
Last sale
$2.6M
6 recorded transactions
2024
$4.2M
2022
$2.6M
2017
Price N/A
2005
$3.1M
2000
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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