The Neshaminy Mall, once a powerhouse of Lower Bucks County retail, is for sale “as is,” according to a real estate listing.
The fixer-upper, owned by Brookfield Properties sits nearly empty with plenty of open storefronts despite being a 1-million square-foot retail behemoth in Bensalem. It is on the market through JLL, a commercial real estate agent. So far, no buyer. However, the 91-acre prime real estate could bring as much as $25 million, the Philadelphia Business Journal reported.
In its listing, JLL describes the mall as an “ideal retail setting” at the Pennsylvania Turnpike and Route 1 near the Bucks County – Philadelphia border. It continues: “This offering presents prospective purchasers with the opportunity to acquire a strategically positioned super regional shopping center with significant upside potential.”
Brookfield did not immediately return a message Monday to define or detail the potential at the mall that, like many others in the region and the country, have fallen out of fashion with consumers.