7782 Ridge RdFairview, PA 16415

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

Investment properties

Property subtype

Live-work space

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.

• 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

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