Listing ID : 424232
Posted on July 8, 2022 52
One of Venango County’s favorite shopping center/mall is now available to be reimagined. This one of a kind property boasts location, size, and opportunity for all avenues.
Built in 1981, Cranberry Mall is a tremendous establishment that has been renovated in 1996 and has been very well maintained since. It is now being put on the market, leaving it open to be transformed and taken to greater heights then Pennsylvania has ever experienced.
Cranberry mall is a Regional Mall that has a Gross leasable area of 405,591 SF, Gross building area of 472,017 SF, land SF of 2,532,143 SF (58.13 ACRES), a combined anchor GLA of 90,425 SF, between two properties, now occupied by Dunham’s Sports and Ollie’s Bargain Outlet. All on top of 2,532,143 SF of land! This property truly is a rare opportunity, ready to be renewed or transformed into a field of potential redevelopment projects.
Which means it’s perfect timing! There has been signs of growth in the area compared to past years. A vacant Staples store adjacent to the mall is now occupied by Harbor Freight Tools. A vacant bank on an outparcel of the mall is now occupied by a Credit Union. There’s construction with foundation already in place across the street from the mall, where the Department of Veterans Affairs is planning to build a new VA Hospital. It looks like it will be about 40,000 SF. The area is thriving and the mall is ready to be redefined or completely reimagined.
There is substantial potential for development projects, that consist of Logistics Facilities, Multi-Family developments with retail and office mixed use, Self storage centers, cannabis facilities, and more!
Cranberry’s size and location make many of these projects a reality. It could be turned into a distribution center, transfer center, fulfillment center. It has the possibility to build and create living space along side restaurants/food establishments, markets, stores, parks and recreational centers. It can be changed into a self storage center with tons of use for multiple needs of storage. This includes but is not limited to, storage for vehicles, business, or personal needs. Cranberry Mall could also be redeveloped into cannabis cultivation facilities, a processing center, cannabis retail centers, retail or recreational dispensaries with a mix of non cannabis retail stores. There’s also the possibility of being changed into school related facilities, health/medical centers, offices, manufacturing or even a mega church. The possibilities are endless with how expansive Cranberry Mall is.
5,600SQ ft Turn-Key Facility for Indoor Medical Marijuana Caregiver Production. This property is producing medical marijuana under Caregivers. Thi
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