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Investment Highlights
- Prime Cranberry Township location with Route 19 frontage.
- 6.53-acre site with expansion or redevelopment potential.
- Minutes from I-79 and PA Turnpike for regional access.
Executive Summary
Positioned in the heart of Cranberry Township, one of Pittsburgh’s most dynamic suburban markets, 11 Progress Avenue offers investors a rare opportunity to acquire a stabilized industrial asset with long-term upside. This 40,981-square-foot facility sits on 6.53 acres along Route 19, delivering exceptional visibility and access via a signalized intersection. The property benefits from a recently installed roof, reducing near-term capital expenditure risk, and features ample on-site parking to support tenant operations.
A new five-year lease with a creditworthy tenant ensures immediate cash flow, while the site’s generous acreage and frontage create future redevelopment or expansion potential. Located minutes from I-79 and the Pennsylvania Turnpike, the property provides seamless regional connectivity for distribution and light manufacturing users. Cranberry Township’s robust demographics—high household incomes and strong consumer spending—further enhance the asset’s long-term value proposition.
A new five-year lease with a creditworthy tenant ensures immediate cash flow, while the site’s generous acreage and frontage create future redevelopment or expansion potential. Located minutes from I-79 and the Pennsylvania Turnpike, the property provides seamless regional connectivity for distribution and light manufacturing users. Cranberry Township’s robust demographics—high household incomes and strong consumer spending—further enhance the asset’s long-term value proposition.
Property Facts
| Price | $6,750,000 | Rentable Building Area | 40,981 SF |
| Price Per SF | $164.71 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1971 |
| Sale Condition | Redevelopment Project | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.61/1,000 SF |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | B | No. Drive In / Grade-Level Doors | 25 |
| Lot Size | 6.53 AC |
| Price | $6,750,000 |
| Price Per SF | $164.71 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 6.53 AC |
| Rentable Building Area | 40,981 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Tenancy | Single |
| Parking Ratio | 0.61/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 25 |
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Property Taxes
| Parcel Number | 130-S7-J13-0000 | Improvements Assessment | $235,380 |
| Land Assessment | $10,230 | Total Assessment | $245,610 |
Property Taxes
Parcel Number
130-S7-J13-0000
Land Assessment
$10,230
Improvements Assessment
$235,380
Total Assessment
$245,610
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