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Ollie’s-Anchored Neighborhood Center 4 Properties Online Auction Sale Multiple Locations
INVESTMENT HIGHLIGHTS
- La Vale Plaza is a retail center characterized by high-occupancy rates and presents further potential for value enhancement through lease-up.
- Home to a robust and synergistic tenant roster with big names such as Dunkin’, Craft Stores, and Subway all on-site.
- National Highway is a key retail corridor with over 12,900 vehicles daily and convenient access running parallel to Route 40.
- In a prominent retail corridor with area spending in a 10-mile radius exceeding $770 million annually.
EXECUTIVE SUMMARY
La Vale Plaza offers a premier shopping center opportunity for investors seeking their next investment.
1313 National Highway is a well-established neighborhood center located in the heart of La Vale, featuring four solid brick buildings with a combined area of 145,564 square feet on 17.09 acres of prime real estate. This expansive property provides 730 ample parking spaces and consists of durable single-story brick structures originally built in 1961 and thoughtfully renovated in 1997 to meet modern standards. As an integral retail destination within the thriving La Vale community, the center consistently attracts diverse foot traffic. Tenants benefit from awnings with prominent signage for brand visibility, while customers enjoy ease of access at a signalized intersection with multiple entry and exit points. The property boasts a highly visible pylon sign, enhancing exposure for all occupants. Current tenants represent a strong mix of national and regional brands, including Dunham’s Sports, Ollie's Bargain Outlet, Lavale Dry Cleaning, Western Maryland Health System, Dunkin’, and others. These tenants contribute to the asset's solid occupancy rate of 87%. With CA zoning that accommodates a wide range of commercial uses, the center holds considerable potential for additional leasing and future revenue growth, making it a versatile and attractive investment opportunity poised for long-term stability in the local market.
This specific site within La Vale presents a compelling opportunity for investors. La Vale Plaza features 140 feet of prime frontage on National Highway, which experiences high daily traffic volumes. The property is located in a prominent retail corridor with numerous retailers along the street. To the east, Country Club Mall offers anchor tenants such as Walmart Supercenter, T.J. Maxx, and Ulta Beauty. To the west, additional retailers include Sheetz, Weis Market, and O’Reilly Auto Parts. These surrounding retail establishments create a continuous flow of consumer activity connecting with the center. Furthermore, the property provides convenient access to Route 40, offering direct connectivity to Greater Cumberland Regional Airport.
Property tours are available by appointment only. Please contact the listing broker to schedule.
1313 National Highway is a well-established neighborhood center located in the heart of La Vale, featuring four solid brick buildings with a combined area of 145,564 square feet on 17.09 acres of prime real estate. This expansive property provides 730 ample parking spaces and consists of durable single-story brick structures originally built in 1961 and thoughtfully renovated in 1997 to meet modern standards. As an integral retail destination within the thriving La Vale community, the center consistently attracts diverse foot traffic. Tenants benefit from awnings with prominent signage for brand visibility, while customers enjoy ease of access at a signalized intersection with multiple entry and exit points. The property boasts a highly visible pylon sign, enhancing exposure for all occupants. Current tenants represent a strong mix of national and regional brands, including Dunham’s Sports, Ollie's Bargain Outlet, Lavale Dry Cleaning, Western Maryland Health System, Dunkin’, and others. These tenants contribute to the asset's solid occupancy rate of 87%. With CA zoning that accommodates a wide range of commercial uses, the center holds considerable potential for additional leasing and future revenue growth, making it a versatile and attractive investment opportunity poised for long-term stability in the local market.
This specific site within La Vale presents a compelling opportunity for investors. La Vale Plaza features 140 feet of prime frontage on National Highway, which experiences high daily traffic volumes. The property is located in a prominent retail corridor with numerous retailers along the street. To the east, Country Club Mall offers anchor tenants such as Walmart Supercenter, T.J. Maxx, and Ulta Beauty. To the west, additional retailers include Sheetz, Weis Market, and O’Reilly Auto Parts. These surrounding retail establishments create a continuous flow of consumer activity connecting with the center. Furthermore, the property provides convenient access to Route 40, offering direct connectivity to Greater Cumberland Regional Airport.
Property tours are available by appointment only. Please contact the listing broker to schedule.
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Bridge Disclosure
- Title and Insurance
PROPERTY FACTS
| Sale Condition | Auction Sale | Number of Properties | 4 |
| Type of Ownership | Fee Simple | Total Building Size | 145,564 SF |
| Sale Type | Investment | Total Land Area | 17.09 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Total Building Size | 145,564 SF |
| Total Land Area | 17.09 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT |
|---|---|---|---|
| 1313 National Hwy, Cumberland, MD 21502 | Office | 2,954 SF | 1961 |
|
Bldg 3
1313 National Hwy, Cumberland, MD 21502 |
Retail | 2,832 SF | 1961 |
|
Suite 28
1313 National Hwy, Cumberland, MD 21502 |
Retail | 2,083 SF | 1961 |
|
La Vale Plaza - Bldg 2
1313 National Hwy, Lavale, MD 21502 |
Retail | 137,695 SF | 1961 |
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SALE ADVISOR
SALE ADVISOR
Christopher Burnham, Principal
Chris brings energy and a fresh perspective to his role as a principal at KLNB, specializing in the sale of retail shopping centers in the Mid-Atlantic region and net-leased assets throughout the country. He provides steadfast advisory services on acquisitions, dispositions, debt/equity financing, underwriting, property marketing, bankruptcy, and distressed assets. Chris thrives on the variety of challenges retail real estate presents, rising to the challenge of tailoring each strategy to clients’ unique expansion objectives or investment goals.
Chris draws on nearly a decade of investment sales experience at Marcus & Millichap; he helped open the firm’s Baltimore office in 2016 and was consistently recognized as a top sales agent in their DC and Baltimore offices as a partner in their Mid-Atlantic retail investment sales group—one of the top-producing teams at a firm of over 2,000 agents.
Chris draws on nearly a decade of investment sales experience at Marcus & Millichap; he helped open the firm’s Baltimore office in 2016 and was consistently recognized as a top sales agent in their DC and Baltimore offices as a partner in their Mid-Atlantic retail investment sales group—one of the top-producing teams at a firm of over 2,000 agents.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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AUCTION CONTACT
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Vibhav Kapila RE Brkr 660150
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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