Investment Overview

Location: The subject property is strategically situated on 38.79 acres on four parcels in Rostraver Township, Westmoreland County. Its location on heavily traveled State Route 51 (AADT 17,000), a major four-lane divided highway, makes this a very desirable and prime location for development. Route 51 connects Pittsburgh with points south including I-70, less than 3-miles south and Uniontown, PA further south. The main entrance to the property is through a four-way signaled intersection that connects with the Willowbrook Plaza, a 60,000 square foot neighborhood retail center as well as the Penn Highlands Mon Valley HealthPlex. The Property: The property has unlimited visibility along the approximately 1,820-foot frontage from both directions. Approximate property depth is 883 feet to 1,231 feet. Most of the property is zoned B–2, retail / business. This classification permits a broad spectrum of uses ranging from business and professional offices to self-storage, hospitals, clinics, auto sales, car washes, hotels, and shopping centers. The property lays fairly level near the highway, then descends slightly to a large level area then slopes upward toward the rear where it plateaus. The undeveloped portion of the property is mostly wooded except for the area adjacent to the highway. Most of the property can be accessed by foot or by ATV through trails that meander throughout the property. Ownership: The property has been family owned since 1987 and has been operated as Bill’s Golfland (miniature golf & driving range), Bill’s Fine Food restaurant, Bill’s Dek Hockey, and the Golfland Building, an 80% occupied office building. The family is ready to retire from the businesses and is motivated to sell. Ownership enjoys a harmonious relationship with neighboring property owners as well as the township administration in general. They do not foresee any opposition to a zoning change request to allow for warehousing or light industrial operations. Rents: Rents in the submarket are around $14.40 / SF, which is a 4.4% increase from where they were a year ago. In the past three years, rents have increased a cumulative 10.5%. Vacancy in the Westmoreland County retail submarket is 4.0% and has decreased 0.4% over the past 12 months This is a rare and excellent opportunity for a seasoned and savvy investor, end-user, or developer to acquire a prime location that offers many opportunities to add tremendous upside value such as a mixed-use development, medical office, warehousing, and distribution center (zoning change required) to name a few possibilities. This is also an ideal location for an end-user to locate their corporate campus or business.