2 Main StUnion City, PA 16438

  • Retail properties
  • 7,170 SF
For Sale
$85,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
2 Main St, Union City, Pennsylvania

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

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
$7,420
$11,900
$265,600
$277,500
-
$11,900
$265,600
$277,500

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