7 Columbus AveCorry, PA 16407

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

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.

• 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

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

FAQs

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