120 Center StCorry, PA 16407

Property Details for 120 Center St

Year built

1930

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

9,600 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

06-022-093.0-015.00

APU

6022093001500

Description

This exceptional 9,600 square foot commercial property, situated on a 0.11-acre lot at 120 N CENTER Street in the heart of Corry, PA, presents a unique investment opportunity. The building boasts three individual storefronts, two of which are currently occupied by a thriving, beautifully remodeled Angelwear Boutique. The third storefront is soon to become available, offering immediate potential for additional income or expansion. A recent investment in a brand-new roof ensures long-term durability and reduced maintenance costs. Each unit benefits from individual utility metering, providing tenants with cost transparency and operational independence. The property's central downtown location ensures high visibility and consistent foot traffic, particularly during popular community events such as First Fridays. Ample parking is available both on and off the street, enhancing convenience for both tenants and customers. This property represents a rare chance to acquire a significant piece of Corry's historic downtown, offering versatility and strong potential for future growth and profitability. The asking price is $120,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,856,980

  6.5%

  $2,637,212

  7%

  $2,448,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,418,859

  Geo Method

  $3,804,972

• Alternative Use

  Use

  Valuation

  Residential

  $2,224,587

  Hospitality

  $2,037,710

  Educational

  $1,695,350

  Medical

  $1,753,656

  Retail

  $2,637,212

Location Insight

City

Corry

County

Erie

State

Pennsylvania

Latitude

41.9228

Longitude

-79.641

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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