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Heights Plaza Strip Center 1703-1721 Union Ave

38,869 SF Retail Building Natrona Heights, PA 15065 For Sale

Investment Highlights

  • 39,545 SF Strip Center
  • Strong mix of local, regional and national tenants
  • Anchored by a new GSA lease with the Social Security Administration
  • USPS recently renewed lease

Executive Summary

We are excited to present a prime investment opportunity in Natrona Heights: a vibrant 39,545-square-foot strip center anchored by a new GSA lease with the Social Security Administration. The United States Post Office has been a mainstay in the center for generations. This property also features a strong regional medical center in Allegheny Health Network (Natrona Heights OB/GYN), Plaza Laundry, and the beloved Harvest Moon Coffee & Chocolates. A separately owned FNB Bank branch bifurcates the center and enhances its appeal. The strip center offers stable rental income and significant growth potential, making it an ideal choice for investors seeking a high-performing asset in a thriving community. It sits with convenient access to Route 28 and the main stoplight entrance to the shopping plaza and is located on a 0.32-acre parcel. Nearby retailers include McDonald's, Wendy's, BP, Eat n' Park, Arby's, Dairy Queen, Burger King, Sheetz, and more!
Heights Plaza is a prominent 370,000-square-foot shopping center on approximately 28 acres in Harrison Township, Pennsylvania. Investors have the potential to invest in Heights Plaza as a single property, or as individual buildings based on a buyer's investment criteria.
We are offering four availabilities within the Plaza, which features a diverse mix of anchor tenants, including Community Market, UPMC, Big Lots, AHN, and Planet Fitness. The availabilities include the following: a 370,825 SF shopping center, a 39,545 SF strip center, a Wendy's and Dollar Bank drive-thru parcel, and the potential for two separate development parcels available for expansion, with approximately four acres in the northeast corner of the site that offers significant development potential for senior housing, multi-family residential, or medical and retail uses, as well as a half-acre out parcel available at the main entrance. Natrona Heights features exceptional demographics, as well as convenient location access to Route 28.
For additional site or sale information, please reference our brochure or contact our brokers Mark Anderson or Jonathan Levinson!

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
38,869 SF
Building Class
B
Year Built/Renovated
1955/1989
Tenancy
Multiple
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.54
Land Acres
1.64 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
200 Spaces (5.24 Spaces per 1,000 SF Leased)
Frontage
434 ft on Union Ave

Amenities

  • Bus Route
  • Freeway Visibility
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 1519-K-00190-0000-00
  • 1519-L-00010-0000-00
  • 1519-K-00197-0000-00
Land Assessment
£348,868
Improvements Assessment
£500,471
Total Assessment
£849,340
  • Listing ID: 32407240

  • Date on Market: 10/07/2024

  • Last Updated:

  • Address: 1703-1721 Union Ave, Natrona Heights, PA 15065

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