3928 Avonia RdFairview, PA 16415

Property Details for 3928 Avonia Rd

Year built

1862

Construction

FRAME

Lot size

0.20 AC

Property size (Sq ft)

2,992 SF

Zone code

B2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

21-078-014.0-011.00

APU

21078014001100

Description

This exceptional commercial property, located at 3928 Avonia Road in Fairview, Pennsylvania, presents a lucrative investment opportunity. Priced at $240,000, this well-maintained office building boasts 2,992 square feet situated on a 0.2-acre lot. The building is currently leased, generating a monthly income of $2,500, with the owner responsible for taxes and insurance. The property features numerous offices, a reception area, and an updated kitchenette, ensuring functionality and comfort. Ample off-street parking is available in a recently blacktopped lot, providing convenient access for tenants and visitors. The building's central Fairview location offers excellent visibility and accessibility, enhanced by its proximity to I-90 (easily accessible via Exit 16). All utilities are well-maintained, minimizing potential operational concerns for the new owner. This is a turnkey investment opportunity, ideal for an investor seeking a stable income stream from a well-located and updated commercial property. The property is being sold as real estate only

• CAP approach

  CAP return

  Valuation

  6%

  $538,261

  6.5%

  $496,856

  7%

  $461,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $279,872

  Geo Method

  $279,872

• Alternative Use

  Use

  Valuation

  Residential

  $616,101

  Hospitality

  $564,346

  Educational

  $469,529

  Medical

  $485,677

  Retail

  $730,378

Location Insight

City

Fairview

County

Erie

State

Pennsylvania

Latitude

42.0318

Longitude

-80.2561

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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