7 Columbus AveCorry, PA 16407

  • Retail properties
  • 2,224 SF
For Lease

Property Details for 7 Columbus Ave

Year built
2013
Construction
FRAME
Lot size
0.59 AC
Property size (Sq ft)
2,224 SF
Zone code
C2
Property type
Retail properties
Property subtype
Turn key restaurants
APN
06-003-005.0-017.00
APU
6003005001700

Description

This exceptional 3,970-square-foot free-standing retail building is located at 7 W Columbus Ave in Corry, Pennsylvania, Erie County. Built in 2007, the property sits on a 0.41-acre lot at the northwest corner of W Columbus Ave and N Center St, offering excellent visibility and accessibility within the Corry business district. The building is currently vacant and presents a unique opportunity for a single tenant to establish a prominent presence in a well-established area. The property boasts 25 on-site parking spaces, ensuring ample convenience for customers and employees. Its location within the heart of Corry provides landmark recognition and excellent signage opportunities, contributing to strong brand visibility. This single-tenant building offers a substantial space ideal for a variety of retail uses, benefiting from its established location and readily available parking. The property's size and prominent location make it an attractive option for businesses seeking to expand or establish themselves in the Corry market. The building's 2007 construction suggests modern amenities and efficient design. This is a rare opportunity to secure a well-positioned, high-visibility retail space in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $661,865
    6.5%
    $610,953
    7%
    $567,313
  • Comparable approach

    Method
    Valuation
    Relative Method
    $560,368
    Geo Method
    $762,358
  • Alternative Use

    Use
    Valuation
    Residential
    $515,362
    Hospitality
    $472,068
    Educational
    $392,755
    Medical
    $406,263
    Retail
    $610,953
7 Columbus Ave, Corry, Pennsylvania

Location Insight

City
Corry
County
Erie
State
Pennsylvania
Latitude
41.9368
Longitude
-79.641
CBSA code
21500
CBSA name
ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,056
$103,300
$270,700
$374,000
-
$103,300
$270,700
$374,000

FAQs

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