7782 Ridge RdFairview, PA 16415
- Mixed-use properties
- 910 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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