1424 Elmira StSayre, PA 18840

Property Details for 1424 Elmira St

Lot size

1.02 AC

Property type

Retail properties

Property subtype

Auto shops

APN

09-020.18-031-000-000

APU

902018031000000

Description

This exceptional 6,000 square foot commercial lot, located at 1424 Elmira Street in Sayre, Pennsylvania, presents a unique redevelopment opportunity. Priced at $745,000 ($124.17 per square foot), this 1.02-acre property boasts 300 feet of frontage on a high-traffic section of Elmira Street in Athens Township. Existing structures require removal, offering a blank canvas for new construction. The property benefits from excellent visibility and two curb cuts, ensuring high traffic counts and easy access. The area is already home to a diverse range of businesses, including automotive services, restaurants, retail stores, lumber yards, tire shops, furniture stores, and professional offices, creating a strong commercial environment. Utilities are readily available, including public water and sewer, cable, internet, natural gas, and a 200-amp electrical service with circuit breakers. The property is zoned for commercial use. All underground storage tanks have been removed or retired. This property is offered as a land sale, with no lease terms available. Relevant documents, including a disclosure form and tax map, are on file. This is an ideal location for a new business seeking high visibility and strong foot traffic in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $10,547,048

  6.5%

  $9,735,736

  7%

  $9,040,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,229,021

  Geo Method

  $14,629,493

• Alternative Use

  Use

  Valuation

  Residential

  $8,212,458

  Hospitality

  $7,522,567

  Educational

  $6,258,688

  Medical

  $6,473,934

  Retail

  $9,735,736

Location Insight

City

Sayre

County

Bradford

State

Pennsylvania

Latitude

41.97

Longitude

-76.5376

CBSA code

42380

CBSA name

SAYRE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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