Shopping Neighborhood
Parkesburg Shopping Center
110 W 1st Ave, Parkesburg, PA 19365
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale Parkesburg Shopping Center, a 53,200-square-foot community retail shopping center, anchored by Planet Fitness and Family Dollar. Located on a 7.70-acre site at 101 W. First Avenue in Parkesburg, Pennsylvania, the site was built in 1968 and over $2.5 million dollars of capital improvements has recently been invested into the center including a new roof, new parking lot, and new façade. The site is 56 percent occupied by credit tenants and has tremendous upside opportunity through lease up of 23,100 (43.4%) square feet. The property is being auctioned via Ten-X.com on 06/20/22-06/23/22. Visit the website for more information and to review property documents.
Parkesburg Shopping Center
Investment Highlights
- New long-term lease with anchor tenant Planet Fitness
- Other Credit Tenants include Family Dollar, USPS and Fulton Bank
- Long-Term Occupancy: Fulton Bank and Pizza Villa have been located at the center for 33 years, Family Dollar for 24 years, USPS and Fast Wok for 13 years
- Approximately $1 Million Expended in Upgrades/Renovations Including Parking Lot Rehab, Façade Renovation, New Roof, New Pylon Sign, Landscaping Upgrades, and New Exterior Camera System?
- Upside through Lease-up of 23,110 Square Feet
- International Paper Building New Facility Nearby, Creating 150 Jobs
- New Multi-Family 31-Unit Development Under Construction? Behind Center
- Within Walking Distance to Amtrak Train Station, Slated For Multi-million Dollar Reconstruction Project to Take Place in 2023-2024
Listing Price: Request For Offer
Investment Highlights
- New long-term lease with anchor tenant Planet Fitness
- Other Credit Tenants include Family Dollar, USPS and Fulton Bank
- Long-Term Occupancy: Fulton Bank and Pizza Villa have been located at the center for 33 years, Family Dollar for 24 years, USPS and Fast Wok for 13 years
- Approximately $1 Million Expended in Upgrades/Renovations Including Parking Lot Rehab, Façade Renovation, New Roof, New Pylon Sign, Landscaping Upgrades, and New Exterior Camera System?
- Upside through Lease-up of 23,110 Square Feet
- International Paper Building New Facility Nearby, Creating 150 Jobs
- New Multi-Family 31-Unit Development Under Construction? Behind Center
- Within Walking Distance to Amtrak Train Station, Slated For Multi-million Dollar Reconstruction Project to Take Place in 2023-2024
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale Parkesburg Shopping Center, a 53,200-square-foot community retail shopping center, anchored by Planet Fitness and Family Dollar. Located on a 7.70-acre site at 101 W. First Avenue in Parkesburg, Pennsylvania, the site was built in 1968 and over $2.5 million dollars of capital improvements has recently been invested into the center including a new roof, new parking lot, and new façade. The site is 56 percent occupied by credit tenants and has tremendous upside opportunity through lease up of 23,100 (43.4%) square feet. The property is being auctioned via Ten-X.com on 06/20/22-06/23/22. Visit the website for more information and to review property documents.
