54 Chestnut StLewistown, PA 17044

  • Other commercial real estate
  • 3,380 SF
For Sale
$175,000 View listing

Property Details for 54 Chestnut St

Lot size
0.11 AC
Property size (Sq ft)
3,380 SF
Property type
Other commercial real estate
APN
03 ,04-0112--,000
APU
3040112000

Description

This well-maintained, single-story office building at 54 Chestnut Street in Lewistown, PA presents a fantastic opportunity for a variety of professional businesses. Built in 1970, the 2,711 square foot structure boasts a spacious layout ideal for a variety of uses. Previously occupied by an optometry practice, the building features a welcoming waiting area, a dedicated reception office, multiple private offices, several exam rooms (or adaptable spaces), ample storage, and convenient restrooms. The property sits on a level 0.23-acre lot providing paved parking for fourteen vehicles – a significant advantage in a downtown location. Its central location in downtown Lewistown offers excellent visibility and accessibility, being just half a block from the highly trafficked "5 points" intersection. The building's solid construction and functional design make it an attractive option for businesses seeking a move-in ready space with ample parking. The asking price of $175,000 represents a compelling value for this established commercial property in a desirable location. This is a rare opportunity to acquire a well-maintained, centrally located office building in Lewistown. The property is ready for immediate occupancy and offers significant potential for a variety of professional uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $783,577
    Hospitality
    $717,752
    Educational
    $597,161
    Medical
    $617,699
    Retail
    $928,918
54 Chestnut St, Lewistown, Pennsylvania

Location Insight

City
Lewistown
County
Mifflin
State
Pennsylvania
Latitude
40.5996
Longitude
-77.5696
CBSA code
30380
CBSA name
LEWISTOWN, PA MICROPOLITAN 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
2024
$5,829
$5,200
$81,000
$86,200
-
$10,400
$162,000
$172,400

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