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Retail Shopping Center with Immediate Value-Add Upside 

 

CBRE is proud to offer 11620-11660 Frankstown Road (“The Property”) for purchase. The Property contains one, 16,331 RSF, two-story retail strip center built in 1950 on a 22,216 SF parcel.   It has great visibility on Frankstown Road with 15,658 cars driving by each day.  The direct frontage on Frankstown Road also allows for easy ingress and egress.  There are 16 units and the Property is currently 71% occupied by a mix of retail and office tenants. The vacancies provide for immediate value-add through lease-up at market rates. There are an additional four garage parking spaces of which two are occupied and sourcing additional income to the Property.

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

11620 Frankstown Road

11620 Frankstown Road, Pittsburgh, PA 15235

Asset Snapshot

  • Asset Type
  • Real Estate
  • Land Area
  • 0.51 Acres
  • Year Built
  • 1950
  • Year Renovated
  • 2018
  • Number of Floors
  • 3
  • Number of Buildings
  • 1
  • Occupancy
  • 71.00%
  • Occupancy as of
  • Jan 18, 2019
  • Retail Type
  • Unanchored Strip Center
  • Anchor
  • No
  • Property Size
  • 16,331 Sq Ft
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      License: #AU005925