7782 Ridge RdFairview, PA 16415

  • Mixed-use properties
  • 910 SF
For Sale
$695,000 View listing

Property Details for 7782 Ridge Rd

Year built
1960
Construction
FRAME
Lot size
0.38 AC
Property size (Sq ft)
910 SF
Zone code
B2
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
21-079-018.0-013.00
APU
21079018001300

Description

This exceptional 1,820 square foot freestanding commercial building presents a remarkable investment opportunity in Fairview, PA. Situated on three parcels totaling approximately 1.1 acres, this property boasts an enviable location with approximately 270 feet of frontage on West Ridge Road, benefiting from an average daily traffic count of 7,400 vehicles (based on 2022 PennDOT AADT data). Completely renovated in 2024, the building includes a substantial 910 square foot addition, ensuring ample space for a variety of commercial uses. Improvements include a new roof, a modern gas forced air furnace, and a fully compliant ADA restroom. The property also features prominent digital/pylon signage for optimal visibility and abundant on-site parking to accommodate customers and employees. Public utilities are readily available. The building, constructed in 1960, is zoned B-2, Highway Commercial (Fairview Township), allowing for a wide range of potential uses, including but not limited to retail, restaurants, banks, offices, beauty salons, bakeries, self-service laundries, and various outdoor recreation businesses. A detailed floor plan and an environmental report are available upon request. A 3D tour is also available online. This is a rare opportunity to acquire a fully renovated, high-visibility commercial property in a thriving location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $163,709
    6.5%
    $151,116
    7%
    $140,322
  • Comparable approach

    Method
    Valuation
    Relative Method
    $85,121
    Geo Method
    $85,121
  • Alternative Use

    Use
    Valuation
    Residential
    $187,384
    Hospitality
    $171,643
    Educational
    $142,805
    Medical
    $147,716
    Retail
    $222,140
7782 Ridge Rd, Fairview, Pennsylvania

Location Insight

City
Fairview
County
Erie
State
Pennsylvania
Latitude
42.0257
Longitude
-80.2622
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
$2,108
$25,700
$53,200
$78,900
-
$25,700
$53,200
$78,900

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