1952 University Dr Lemont Furnace, PA 15456
This exceptional Pennsylvania investment property presents a rare opportunity to acquire approximately 200,000 square feet of retail space situated on roughly 60 acres of flat land in Connellsville, Fayette County. The property, located at 1952 University Dr, 311, Lemont Furnace, PA 15456, boasts a prime location with convenient access to major highways and proximity to the airport. Currently configured for multiple uses including a grocery store, restaurant, and shopping center, the property offers significant potential for value-add improvements. The existing structure is a single-story, 200,000 square foot building, suitable for a variety of retail and wholesale distribution uses. The property is currently partially occupied by an established Dollar Tree, providing immediate cash flow and demonstrating market viability. The expansive acreage offers significant potential for future development, including possibilities for self-storage facilities. This is a unique opportunity to acquire a large-scale retail property with existing income and substantial upside potential. The asking price is $4,500,000, representing a compelling value for an investor seeking a significant return. The property is owned by an LLC. This is a value-add investment opportunity not to be missed.
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Stronghold Arena Gym & Fitness Center
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Studio GN Hair Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.