For Sale
$515,000

248 Seneca StOil City, PA 16301

Multi-tenant bank, high occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional three-story, 24,156 square foot commercial building in Oil City, Pennsylvania, presents a compelling investment opportunity. Located at 248 Seneca St, this property boasts a prime location and is zoned C-2. The building, constructed in 1955, features a total of four units across its three floors and includes an elevator. Currently, the building is 66.66% occupied, with PNC Bank retaining the second floor and ATM drive-thru. The entire first floor (approximate square footage) is available for owner-occupancy, offering significant potential. The asking price is $515,000, translating to $21.32 per square foot. This multi-tenant property sits on a 0.48-acre lot (APN: 16-034-010.0-000.00) and is being offered for sale by owner. The building is well-maintained and features first-class finishes. This is a rare opportunity to acquire a substantial commercial property in a desirable location with existing tenancy and significant upside potential. The property is owned by PNC Bank and is not subject to a ground lease.

Highlights

  • $515,000 asking price for a 24,156 square foot retail property.
  • Multi-tenant building with three tenants, including PNC Bank.
  • Located at 248 Seneca St, Oil City, PA 16301.
  • 66.67% occupancy rate.
  • Three-story building (1955 construction) on a 0.48-acre lot, with C-2 zoning.

Property Details for 248 Seneca St

Property type
Retail properties, Banks
Square Feet
24,156 SF
Year Built
1955
Buildings
1
Stories
3
Lot Size (sq. ft)
20,909 SF
Units
4

Location Insight

City
Oil City
County
Venango
State
Pennsylvania
Latitude
41.435439723414
Longitude
-79.708827053093
248 Seneca St, Oil City, Pennsylvania

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248 Seneca St
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