7464 Hathaway DrFairview, PA 16415

  • Retail properties
  • 5,208 SF
For Sale
$545,000 View listing

Property Details for 7464 Hathaway Dr

Year built
1997
Lot size
5.50 AC
Property size (Sq ft)
5,208 SF
Zone code
B2
Property type
Retail properties
Property subtype
Other retail properties
APN
21-010-011.0-098.00
APU
21010011009800

Description

This exceptional Fairview, PA storefront presents a unique owner-user investment opportunity. Spanning 21,270 square feet across a 5.5-acre lot (APN 21-010-011.0-098.00), this property boasts 10 buildings and is zoned B-2 & R-2. Currently vacant, this established greenhouse business offers a turnkey operation with a strong track record of profitability, even during challenging economic periods. The asking price is $545,000 ($25.62/sq ft). The sale includes goodwill, established customer contacts (including commercial clients) from a wide geographic area (Pittsburgh, Ohio, and beyond). Inventory and equipment are sold separately. This highly sought-after location provides significant growth potential for a new owner. The seller is retiring after decades of success. This is a rare chance to acquire a well-established business and valuable real estate in a prime location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,377,271
    6.5%
    $1,271,327
    7%
    $1,180,518
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,227,634
    Geo Method
    $1,227,634
  • Alternative Use

    Use
    Valuation
    Residential
    $1,072,412
    Hospitality
    $982,323
    Educational
    $817,281
    Medical
    $845,389
    Retail
    $1,271,327
7464 Hathaway Dr, Fairview, Pennsylvania

Location Insight

City
Fairview
County
Erie
State
Pennsylvania
Latitude
42.0473
Longitude
-80.2687
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
$2,199
$50,800
$31,500
$82,300
-
$50,800
$31,500
$82,300

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