643 Allegheny BlvdFranklin, PA 16323

Property Details for 643 Allegheny Blvd

Lot size

0.83 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

28,014.-032K.-000

APU

28014032K000

Description

This exceptional 0.83-acre commercial property at 643 Allegheny Boulevard in Franklin, PA, presents a unique investment opportunity. Situated on a high-traffic road boasting established retail and office neighbors, this location offers unparalleled visibility for your business. Previously operating as a fast-food restaurant with a drive-through, the building is ready for immediate occupancy. All existing equipment is included in the sale, providing a significant advantage for a quick and efficient start-up. The property features a walk-in cooler, a valuable asset for food service businesses. Ample parking is available, ensuring convenience for both customers and employees. The strategic location off Route 8, a major thoroughfare, guarantees high traffic volume and excellent exposure to a large customer base. This property is ideal for a variety of food service concepts, including fast-food restaurants, drive-through establishments, or other similar ventures. The asking price is $249,995. Don't miss this chance to acquire a turnkey commercial property in a prime location with significant potential for growth and profitability. The property's history as a successful fast-food restaurant demonstrates its suitability for similar businesses, minimizing start-up costs and maximizing return on investment. The inclusion of all existing equipment further enhances the value proposition, making this an exceptional opportunity for a savvy investor or entrepreneur.

• CAP approach

  CAP return

  Valuation

  6%

  $11,339,436

  6.5%

  $10,467,171

  7%

  $9,719,516

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,305,776

  Geo Method

  $8,522,486

• Alternative Use

  Use

  Valuation

  Residential

  $8,829,451

  Hospitality

  $8,087,730

  Educational

  $6,728,896

  Medical

  $6,960,313

  Retail

  $10,467,171

Location Insight

City

Franklin

County

Venango

State

Pennsylvania

Latitude

41.4041

Longitude

-79.8042

CBSA code

36340

CBSA name

OIL CITY, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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