248 Seneca StOil City, PA 16301

Property Details for 248 Seneca St

Lot size

0.48 AC

Property type

Retail properties

Property subtype

Banks

APN

16,034.-010..-000

APU

16034010000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,557,772

  6.5%

  $6,053,328

  7%

  $5,620,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,381,675

  Geo Method

  $10,534,975

• Alternative Use

  Use

  Valuation

  Residential

  $5,106,209

  Hospitality

  $4,677,260

  Educational

  $3,891,425

  Medical

  $4,025,258

  Retail

  $6,053,328

Location Insight

City

Oil City

County

Venango

State

Pennsylvania

Latitude

41.4354

Longitude

-79.7092

CBSA code

36340

CBSA name

OIL CITY, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].