27758 Route 66Lucinda, PA 16235

Property Details for 27758 Route 66

Year built

1931

Lot size

0.74 AC

Property size (Sq ft)

880 SF

Property type

Retail properties

Property subtype

Gas stations

APN

14-002140

APU

14002140

Description

This unique multi-use property located at 27758 Route 66 in Lucinda, PA, presents a compelling investment opportunity. Situated on a 0.75-acre lot with excellent visibility on State Highway 66, this property boasts high traffic counts and significant income potential. The property includes a two-bedroom apartment, a studio apartment, and a repair shop complete with two overhead doors, an office, and a parts room. Adding to the diverse income streams, a manufactured home is also included on the site. Further enhancing the property's versatility are two additional garages and a shed, providing ample storage or workshop space. An outdoor cement pit, previously used for undercoating vehicles, offers additional potential uses. The property's diverse range of structures and its prime location on a busy state highway make it an ideal investment for those seeking multiple income streams and high return potential. The combination of residential and commercial spaces creates a unique opportunity for a variety of business models and rental income. This property is priced at $279,900.

• CAP approach

  CAP return

  Valuation

  6%

  $275,998

  6.5%

  $254,767

  7%

  $236,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $226,499

  Geo Method

  $443,387

• Alternative Use

  Use

  Valuation

  Residential

  $214,906

  Hospitality

  $196,852

  Educational

  $163,779

  Medical

  $169,412

  Retail

  $254,767

Location Insight

City

Lucinda

County

Clarion

State

Pennsylvania

Latitude

41.3149

Longitude

-79.362

Property Tax & Assessments

FAQs

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