425 Mercer StVolant, PA 16156

Property Details for 425 Mercer St

Lot size

0.92 AC

Property size (Sq ft)

7,888 SF

Zone code

R3

Property type

Office buildings

APN

20-005500

APU

20005500

Description

This historic two-story brick building, formerly Volant Elementary School, presents a unique investment opportunity in Volant, PA. Located at 425 Mercer Street, the property boasts 7,000 total square feet, with 3,500 square feet of net rentable space. Built in 1890 and renovated in 1998, the building features six units, including four modern apartments ideal for corporate guests or long-term tenants. The fully renovated interior includes updated office spaces, conference rooms, and reception areas, complete with a modern technology infrastructure. The property is zoned R3 and offers ample parking with 30 spaces. Situated just minutes from Grove City and close to Grove City College and Westminster College, this location provides excellent accessibility and visibility. Its proximity to State Route 19 further enhances its strategic location. The asking price is $462,500. This property offers a compelling blend of historical character and modern functionality, making it an attractive investment opportunity for discerning buyers. The Lawrence County location, with APN 20-007100, adds to its appeal. This is a chance to own a piece of history while capitalizing on a strong rental income stream.

• CAP approach

  CAP return

  Valuation

  6%

  $1,500,117

  6.5%

  $1,384,724

  7%

  $1,285,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $737,844

  Geo Method

  $737,844

• Alternative Use

  Use

  Valuation

  Residential

  $1,717,057

  Hospitality

  $1,572,815

  Educational

  $1,308,564

  Medical

  $1,353,567

  Retail

  $2,035,544

Location Insight

City

Volant

County

Lawrence

State

Pennsylvania

Latitude

41.115

Longitude

-80.259

CBSA code

35260

CBSA name

NEW CASTLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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