Marcus & Millichap's Dougherty Team is offering ARA Center, a 16,455 SF multi-tenant retail, office, and residential property at 4201-4245 W. Lincoln Highway in Parkesburg, Pennsylvania, priced at $1,561,415, a 7.75% cap rate on $121,010 in net operating income (based on the 2027 rent schedule). The 14-unit center sits on 3.50 acres with 87 parking spaces and C1 zoning, and it is 75.2% occupied by a mix of medical practices, a dance studio, a hair salon, a card shop, a smoke shop, a church, and two apartments, plus three income-producing signs. About two-thirds of the space is on NNN leases, most leases carry annual rent increases of 2-6%, and small bays from 500 to 2,150 SF leave room to add value by filling the three vacant units. The property fronts Route 30 (29,143 VPD) next to West Sadsbury Commons (Walmart, The Home Depot) and near the new Shoppes at Sadsbury, where Target and Giant are under construction. The area is also affluent and growing, with average household incomes above $114,000 within three miles.
VALUE-ADD OPPORTUNITY
• ~75% occupied center offering significant upside through leaseup and NOI growth
POSITIVE LEASING MOMENTUM
• Two new apartment tenants signed in 2026 – proof of strong, active leasing velocity
FLEXIBLE, IN-DEMAND UNIT MIX
• Small bays ranging from 500 SF to 2,150 SF across retail, office, and apartment uses – smaller units mean faster lease-up and broader tenant demand
MULTIPLE INCOME STREAMS & NOI GROWTH DRIVERS
• 3 income-producing signs add ~$10K in additional annual revenue, while 60% of the GLA carry scheduled annual rent increases of 2-6% – reliable, contractual income growth year over year
DIVERSE, RESILIENT TENANT MIX
• 3 medical tenants, dance studio, hair salon, card shop, smoke shop, church, and apartments – a center engineered to draw a wide range of tenants and daily customers
REDUCED LANDLORD EXPOSURE
• ~66% of GLA operates on NNN leases, with tenants reimbursing taxes, insurance, and CAM – minimizing landlord expense risk