714 River AveEmlenton, PA 16373

Property Details for 714 River Ave

Lot size

0.34 AC

Property type

Commercial real estate

APN

09,003.-094..-000

APU

9003094000

Description

This exceptional Emlenton, Pennsylvania property, located at 714 River Avenue, presents a unique investment opportunity. The 0.33-acre lot boasts 85 feet of Allegheny River frontage and 85 feet of street frontage. The existing building offers 5,789 square feet on the main floor, ideal for various commercial uses, plus an additional 500 square feet of upper-level storage. For over 77 years, the property successfully operated as a garage and auto dealership, with on-site parking for 12+ vehicles. The property's location is experiencing revitalization, with ongoing residential conversions, Airbnb rentals, and new business development along River Avenue. The absence of zoning in Emlenton provides unparalleled flexibility. Owners can choose to remodel the existing structure, repurpose it for a new business, or even raze it to create a new development. The possibilities are vast, encompassing commercial ventures, home-based businesses, or residential conversion. The upper lot, with minor modifications, could offer stunning river views. This prime location and versatile property offer significant potential for a discerning investor seeking a unique and adaptable asset in a thriving community. The asking price is $189,000.

• Alternative Use

  Use

  Valuation

  Residential

  $3,616,766

  Hospitality

  $3,312,938

  Educational

  $2,756,326

  Medical

  $2,851,120

  Retail

  $4,287,618

Location Insight

City

Emlenton

County

Venango

State

Pennsylvania

Latitude

41.1769

Longitude

-79.7119

CBSA code

36340

CBSA name

OIL CITY, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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