New Castle Multiple Space Uses for Lease - Lawrence County
Shenango Commons, fka Lawrence Village Plaza, is a completely redeveloped center including approximately a 190,000 strip plaza, 90,000 sf stand-alone, fully sprinklered building with loading dock and four out parcels, three of which are developed and occupied by restaurants.
The plaza has been subdivided to effectively parcel out portions, if desired. Concrete curbing and islands have been added to delineate roadways and parking specifically allocated to each parcel as well as provide some much needed green space.
Parcels 1-3 are stand-alone, established and operational restaurants. Parcel 4 is a 1 acre cleared and paved lot awaiting development.
Parcel 5 is a 90,000 stand-alone fully sprinklered building with private loading dock that was formerly a K-mart. The building was meticulously maintained but did require and receive a new roof over a small portion. The exterior has been cleaned and repainted and is in great shape.
Parcel 6 is a 40,000 sf portion of the strip plaza with approximately 150 dedicated parking spaces. This portion of the plaza has yet to receive the majority of the plaza upgrades.
Parcel 7 is a 62,250 sf portion of the strip plaza that is undergoing heavy renovation. In three months, occupancy has gone from around 15% to 80%.
Parcel 8 was the first point of renovation for the developer. Parcel 8 renovations included new exterior pole lights, new canopy roof, new concealed downspouts, upgraded storm water management, new columns, new sidewalks, new storefronts, new signage, new flashing, new paint and additional parking. In addition to these upgrades, a portion of the building was torn down to allow a roadway through to the Township Park behind the plaza. Occupancy has gone from 20% to about 85% in the span of about one year.
The park is free to the public and has been upgraded substantially in the last couple of years. The roadway that connects to the park will continue through to future development and out to another main road.
