78 Mill StPort Allegany, PA 16743

Property Details for 78 Mill St

Lot size

0.89 AC

Property type

Commercial real estate

APN

14-007. -604.00.

APU

1400760400

Description

This exceptional 16,463-square-foot, two-story office building in Port Allegany, Pennsylvania, presents a unique investment opportunity. Situated on a 0.89-acre lot directly across from the town square, this prominent location boasts high visibility on a heavily traveled road (Historic Route 6) at the corner of Mill and Main Streets. The building, over 100 years old, retains its original charm with a grand foyer and double spiral staircase, yet features modern updates including central HVAC, energy-efficient double-paned windows, updated electrical and plumbing systems, and a new wheelchair lift. ADA-compliant entrances and bathrooms ensure accessibility. The property includes ample rear parking and two large storefront retail spaces, offering flexibility for various business needs. The entire 16,463 square feet is currently available for lease. The building's location within a thriving downtown area, close to amenities such as restaurants, medical facilities (Olean Medical Group), the US Post Office, Sheetz, Rite Aid, and the Fire Department, adds to its appeal. This is the only building of its kind in McKean County, a rural area in northwestern Pennsylvania situated atop rich Marcellus and Utica Shale fields. The property offers tremendous upside potential for income generation. The zoning is commercial. The building consists of one structure with two stories.

• Alternative Use

  Use

  Valuation

  Residential

  $8,050,090

  Hospitality

  $7,373,838

  Educational

  $6,134,947

  Medical

  $6,345,938

  Retail

  $9,543,251

Location Insight

City

Port Allegany

County

Mckean

State

Pennsylvania

Latitude

41.8102

Longitude

-78.2804

CBSA code

14620

CBSA name

BRADFORD, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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