For Sale
$329,900

4 Main St Galeton, PA 16922

Historic building, high growth potential

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional commercial property at 4 W Main St, Galeton, PA 16922, presents a unique investment opportunity. The 4,200-4,700 square foot building, constructed in 1885 and extensively renovated between 2015 and 2024, boasts a prime location on busy Route 6, a central hub between popular tourist destinations like Cherry Springs Dark Skies and the Pine Creek Rail Trail. Currently operating as a successful sandwich and ice cream shop with over 15 years of history, the business occupies the ground floor (2,400 sq ft net rentable) and enjoys 100% occupancy. A second-floor, two-bedroom residential suite is currently leased until December 24th. The property sits on a 25,000 sq ft lot and includes a three-story building with multiple uses permitted under its commercial zoning. The asking price is $329,900, and the sale is offered as fee simple ownership. The current owner is willing to consider a rent-back option for the first floor at $1,000 per month. This versatile property offers significant upside potential through extended operating hours, expansion of the existing business, or conversion into alternative uses such as an apartment building, senior living facility, or professional office space. The property's APN is 091-004-077 and 078. This is a multi-tenant property with a net lease in place.

Highlights

  • $329,900 asking price for a value-add retail investment opportunity.
  • Fee simple ownership of a multi-tenant property with a net lease.
  • 4,200-4,700 total square feet, 2,400 square feet net rentable.
  • 100% occupancy with two units: an operating restaurant/ice cream shop and a 2-bedroom residential apartment.
  • Historic three-story building (1885, renovated 2015-2024) on a 25,000 square foot lot in Galeton, PA (APN: 091-004-077 and 078).
  • Located on Route 6, offering high visibility and proximity to tourist attractions.

Property Details for 4 Main St

Property type
Retail properties, Restaurants
Square Feet
4,200 SF
Year Built/Renovated
1885/2015
Buildings
1
Stories
3
Units
2

Location Insight

City
Galeton
County
Potter
State
Pennsylvania
Latitude
41.735782406687
Longitude
-77.642782298703

FAQs

What type of property is this?
Retail property - Historic building, high growth potential
Where is the retail property located?
The property is located at 4 Main St Galeton, PA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: $329,900 asking price for a value-add retail investment opportunity.; Fee simple ownership of a multi-tenant property with a net lease.; 4,200-4,700 total square feet, 2,400 square feet net rentable.
How can I contact the broker?
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4 Main St
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