7464 Hathaway DrFairview, PA 16415

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

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.

• 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

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

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