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Property profile & analytics
OFF-MARKET
Retail space

1952 University Dr Lemont Furnace, PA 15456

5.15 ac lot
Entity Owned 6-yr Hold Free & Clear
Property ID
US73-4310123
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 5.15 ac (224,334 SF)
APN 09-31-0045-02
UPID US73-4310123
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
Current use
Occupant on record · Public records
  • Stronghold Arena Gym & Fitness Center
  • Studio GN Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Speer Holdings LLC · 6 yrs held
Speer Holdings LLC
since 2020
2 recorded transactions
2020
Price N/A
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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