99 E Forrest Ave

Property Details

Project Description

99 East Forrest Avenue is a 1.70 Acre parcel located at a signalized intersection in the Shrewsbury, PA market. The site is in the heart of all of the retail development in Shrewsbury and is one of the few remaining parcels left to be redeveloped. In close proximity to the site is Wal-Mart, Giant, Home Depot, GameStop, Starbucks, McDonald’s, and Verizon Wireless, just to name a few. Because of its proximity to the Walmart and Giant anchored shopping centers, this site caters to developers or end-users to enter into the tight Shrewsbury market.

Location Description:

99 East Forrest Avenue is strategically positioned with significant frontage in the market’s primary retail corridor. The site benefits from the high-volume traffic flow of East Forrest Avenue (19,000 CPD). The roadway acts as the area’s focal point for retail and provides easy access to I-83 (55,000 CPD), which is the main North/South roadway in the area. With the high concentration of traffic driven by anchor tenants located amongst the surrounding retail, the site caters to the immediate trade area, as well as the surrounding market points as well.

Trade Area Description:

Adding to the stability of the project, 99 East Forrest Avenue shows a 20-minute drive time demographic of over 99,262 people with household incomes of more than $96,940 and daytime employment demographics equally as strong with 44,664. The demographics within a 10-mile radius include 91,781 people in 36,153 homes, a labor force of 21,333 with an average household income of $95,698. The area’s growth since 2000 has increased over 16.6% with 6,022 new homes.

Property Location: