515 Main StSmethport, PA 16749

Property Details for 515 Main St

Lot size

0.22 AC

Property type

Retail properties

Property subtype

Gas stations

APN

15-003. -408.00.

APU

1500340800

Description

This 3,108 square foot commercial building located at 515 E Main St, Smethport, PA, presents a unique investment opportunity. Situated on a 0.22-acre lot, the property boasts a large open showroom, perfect for showcasing products or services. Additional interior space includes a dedicated office, a drafting room, and a full walk-out basement, offering significant storage or expansion potential. The building's features include a durable insulated rubber roof, concrete flooring, and energy-efficient double-pane windows. Large, secure front windows provide excellent display opportunities. The property benefits from updated 3-phase electrical service, ensuring sufficient power for a variety of business needs. Ample parking is available on-site, providing convenience for customers and employees. A substantial warehouse is located at the rear of the property, adding further versatility and storage capacity. Currently used as a stone works business, this operation may be available for purchase separately. The building's adaptable layout makes it suitable for a wide range of commercial uses, presenting a compelling opportunity for entrepreneurs and investors alike. The asking price is $139,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,701,697

  6.5%

  $2,493,874

  7%

  $2,315,740

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,362,457

  Geo Method

  $2,839,840

• Alternative Use

  Use

  Valuation

  Residential

  $2,103,676

  Hospitality

  $1,926,956

  Educational

  $1,603,205

  Medical

  $1,658,342

  Retail

  $2,493,874

Location Insight

City

Smethport

County

Mckean

State

Pennsylvania

Latitude

41.8113

Longitude

-78.4361

CBSA code

14620

CBSA name

BRADFORD, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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