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Shopping Neighborhood

Parkesburg Shopping Center

110 W 1st Ave, Parkesburg, PA 19365

Listing Price: Request For Offer

Gross SF
53,200
Rentable SF
53,200
Lot Size
7.99 acres
Year Built
1970

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.

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

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Shopping Neighborhood

Parkesburg Shopping Center

Listing Price: Request For Offer

Gross SF
53,200
Rentable SF
53,200
Lot Size
7.99 acres
Year Built
1970

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.

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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