460 – 472 Shrewsbury Commons Avenue

Property Details

Project Description

460-472 Shrewsbury Commons Ave is a 5,600 square-foot multi-tenant retail building centrally located in Shrewsbury, Pennsylvania, situated at a signalized intersection along Mt. Airy Road (Route 841) and East Forrest Avenue. The site is in close proximity to other national retailers including, Wal-Mart, Giant, Home Depot, GameStop, Starbucks, McDonald’s, and Verizon Wireless, just to name a few. This project is in front of the primary shopping destination in the Shrewsbury market (Shrewsbury Commons), as well as the surrounding trade areas. Because of its proximity to Walmart Supercenter anchor, this project caters to consumers from over 10 miles away in each direction.

Location Description:

460-472 Shrewsbury Commons Ave is strategically positioned with significant frontage in the market’s primary retail corridor along East Forrest Avenue. The building benefits from the high-volume traffic flow of East Forrest Avenue (19,000 CPD) and Mt. Airy Road. East Forrest Avenue acts as the area’s focal point for retail and provides customers access to I-83 (38,000 CPD), which is the main North/South roadway in the area. With the high concentration of traffic driven by the anchor tenants located within Shrewsbury Commons, and the surrounding retail, the center pulls from the immediate trade area, as well as the surrounding smaller markets as well.

Trade Area Description:

Adding to the stability of the project, 460-472 Shrewsbury Commons Ave shows a 20-minute drive time demographic of over 230,120 people with household incomes of more than $81,034 and daytime employment demographics equally as strong with 114,136. The demographics within a 10-mile radius include 89,426 people in 34,493 homes, a labor force of 21,116 with an average household income of $91,540. The area’s growth since 2000 has increased over 14.7% with 5,071 new homes.

Property Location: