2 Main StUnion City, PA 16438

Property Details for 2 Main St

Year built

1954

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

7,170 SF

Zone code

B1

Property type

Retail space

APN

42-007-023.0-014.00

APU

42007023001400

Description

Prime Union City, PA retail space available for $85,000. This vacant 7,170 square foot building, formerly a Family Dollar, is situated on a 0.3-acre lot at 2 N. Main Street. Conveniently located in the heart of downtown Union City, the property boasts high visibility and easy access from I-90 via Route 19. The sale includes two parcels, encompassing the building and a parking lot across the street. The property's location directly on French Creek offers unique potential. Currently vacant, this property presents numerous possibilities for redevelopment or repurposing. The building offers significant potential for a variety of commercial uses. Note that the property taxes are currently under appeal. This is a rare opportunity to acquire a substantial retail property in a desirable location at an attractive price. The combined acreage and taxes reflect both parcels included in the sale. The property's prominent Main Street location ensures high traffic visibility, making it an ideal investment for entrepreneurs and business owners seeking a strong foothold in the Union City market. This is a turnkey opportunity to establish a thriving business in a vibrant community. Act quickly to secure this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,057,521

  6.5%

  $1,899,250

  7%

  $1,763,589

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,806,595

  Geo Method

  $1,690,118

• Alternative Use

  Use

  Valuation

  Residential

  $1,602,088

  Hospitality

  $1,467,504

  Educational

  $1,220,946

  Medical

  $1,262,937

  Retail

  $1,899,250

Location Insight

City

Union City

County

Erie

State

Pennsylvania

Latitude

41.8984

Longitude

-79.8459

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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