107 Person StFayetteville, PA 28301

  • Retail space
  • 1,300 SF
For Sale
$1,200,000 View listing

Property Details for 107 Person St

Year built
1920
Lot size
0.04 AC
Property size (Sq ft)
1,300 SF
Zone code
DT
Property type
Retail space
APN
0437-64-6039
APU
437646039

Description

This exceptional retail property located at 107 Person St, Fayetteville, PA 28301, presents a compelling investment opportunity. The 2,620 square foot building, constructed in 1920, sits on a 0.04-acre lot and is zoned DT. The property generates a steady annual income of $52,200, offering immediate returns. The ground floor is currently occupied by a long-term, successful restaurant, a well-established part of the local community. Upstairs, a meticulously renovated apartment provides additional income potential or a unique urban living space. Two convenient parking spots are included with the sale. This two-story building beautifully blends historic charm with modern amenities, making it an attractive investment for both seasoned investors and those seeking a piece of Fayetteville's rich history. The property's prime downtown location ensures high visibility and accessibility. This is a rare chance to acquire a profitable, historically significant property in a thriving Pennsylvania town. The asking price is $1,200,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $383,501
    6.5%
    $354,001
    7%
    $328,715
  • Comparable approach

    Method
    Valuation
    Relative Method
    $348,158
    Geo Method
    $310,338
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $708,378
    Mixed-Use / Specialty
    $345,448
    Hospitality / Lodging
    $243,952
    Office
    $335,802
    Institutional / Educational
    $356,521
    Residential Income
    $417,130
    Multifamily
    $540,701
    Automotive / Energy
    $305,589
    Parking / Income-Based Land
    $112,658
    Restaurant / Food Service
    $164,111
    Healthcare / Senior Housing
    $361,727

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.0526
Longitude
-78.8776
CBSA code
22180
CBSA name
FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$1,655
$65,842
$160,562
$226,404
-
$65,842
$160,562
$226,404

FAQs

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