312 Main StSmethport, PA 16749

Property Details for 312 Main St

Lot size

0.10 AC

Property type

Office properties

Property subtype

Other office properties

APN

15-002. -240.00.

APU

1500224000

Description

This exceptional 1,680 square foot commercial building at 312 W Main St, Smethport, PA, presents a unique investment opportunity. Constructed in 1996, this meticulously crafted structure boasts exquisite Pennsylvania-sourced hardwood throughout. The exterior features Pennsylvania Indiana sandstone frontage with integrated lighting and full-length security glass, offering a welcoming, no-step entry. The interior is a showcase of craftsmanship, beginning with the striking curly maple wood surrounding the entryway and extending through the reception area and hallway. The reception area alone incorporated $20,000 worth of hand-selected, hand-sanded, untreated cherry wood with a clear stain. All woodwork is of premium quality, with the lounge room featuring an impressive display of Pennsylvania woods. Four individual offices, each with distinct woodwork, provide ample space for various business needs. A cherry and Pennsylvania ash conference room offers a sophisticated setting for meetings. Additional features include a ceramic-tiled bathroom and a utility room. All interior doors are solid cherry. The building measures 28' x 60' and sits on a 0.1-acre lot, offering ample parking in front and five additional parking spaces in the rear. The property has been surveyed. Recent upgrades include a new radiant ceiling heat/central air system and a 200-amp electrical service. The building features 10-foot ceilings, a 12-inch concrete slab, and 12-inch walls, ensuring structural integrity and compliance with building codes. This property is ready for immediate occupancy and offers a rare blend of beauty, functionality, and prime commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $835,425

  6.5%

  $771,162

  7%

  $716,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $426,138

  Geo Method

  $512,348

• Alternative Use

  Use

  Valuation

  Residential

  $956,240

  Hospitality

  $875,911

  Educational

  $728,748

  Medical

  $753,810

  Retail

  $1,133,607

Location Insight

City

Smethport

County

Mckean

State

Pennsylvania

Latitude

41.8098

Longitude

-78.4448

CBSA code

14620

CBSA name

BRADFORD, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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