10081 Ridge RdGirard, PA 16417

Property Details for 10081 Ridge Rd

Year built

1953

Construction

WOOD

Lot size

5.79 AC

Property size (Sq ft)

38,944 SF

Zone code

R2

Property type

Retail properties

Property subtype

Strip malls

APN

24-011-057.0-001.01

APU

24011057000101

Description

This exceptional 9,940-square-foot commercial property in Girard, Pennsylvania, is available for lease at $3,313 per month ($4/SF). Ideally situated at the corner of Route 20 and Route 18, this location boasts high visibility with 11,000 vehicles passing daily (VPD) and convenient access to I-90 (just two miles away). Currently undergoing renovations, the space features new foam ceiling insulation, updated lighting, and a refreshed facade. The property is classified as special purpose land with multiple tenants in the plaza. The entire 9,940 square feet is currently vacant and adaptable to various uses, including retail, showroom, office, or storage. The property includes 20 parking spaces. Net, Net, Net (NNN) costs are estimated at $0.29 per square foot for taxes and $0.15 per square foot for insurance. This prime commercial space presents a unique opportunity for businesses seeking a high-traffic location with modern amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $10,298,853

  6.5%

  $9,506,634

  7%

  $8,827,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,179,911

  Geo Method

  $9,179,911

• Alternative Use

  Use

  Valuation

  Residential

  $8,019,201

  Hospitality

  $7,345,545

  Educational

  $6,111,408

  Medical

  $6,321,588

  Retail

  $9,506,634

Location Insight

City

Girard

County

Erie

State

Pennsylvania

Latitude

41.9928

Longitude

-80.3365

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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