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3475 Route 155

12,500 SF 100% Leased Retail Building Port Allegany, PA 16743 $299,000 ($24/SF)

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Investment Highlights

High traffic location.
Owner can live in part of the building.

Building is in great condition.

Executive Summary

HOWARD HANNA PROFESSIONALS has a property, just outside Port Allegany, listed for sale. The owner of said property is motivated to sell and as a community Port Allegany is always looking forward to economic development.
The Commercial / Residential site is located on Route 155, which is a designated corridor between Pennsylvania and New York State. The property is situated just 20 miles from the NY State line, Cattaraugus County, as well as bordering Potter and Cameron Counties with Elk and Warren Counties within a reasonable driving distance. Port Allegany is found along Historic Route 6, included in the PA Wilds Heritage and Tourism Sector and home to some of the most spectacular wild lands east of the Mississippi.
The binary address of the property offered for sale is 3475 Route 155 in Liberty Township. Having no zoning ordinances makes the development of this locality more appealing. The tax base is lower and the available space more lucrative. The area is 1.22 acres on which currently is situated a large retail furniture business and an adjoining impressive four bedroom two bath domicile with B&B potential. There is currently front parking and a large parking lot in the rear. It is a well known and established location.

COMMERCIAL PROPERTY INFORMATION SHEET

3475 RT 155 RESIDENTIAL SELLER'S PROPERTY DISCLOSUE

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Building Size

12,500 SF

Year Built/Renovated

1900/2015

Price

$299,000

Price Per SF

$24

Percent Leased

100%

Building Height

1 Story

Building FAR

0.24

Lot Size

1.22 AC

Parking

10 Spaces (0.8 Spaces per 1,000 SF Leased)

Amenities

Corner Lot

Security System

Signage

About 3475 Route 155 , Port Allegany, PA 16743

THIS IS ONE OF TWO PROPERTIES INCLUDED FOR $399,000.00. ONE UNIT IS COMMERCIAL THE OTHER IS RESIDENTIAL. THERE ARE TWO LISTING NUMBERS FOR THIS PROPERTY: #10570 CURRENTLY UTILIZED AS RETAIL FURNITURE #10571 RESIDENTIAL, FOUR BEDROOM & TWO BATH. COULD EASILY BE OFFICE SPACE. BUYERS MUST BE QUALIFIED COMMERCIAL BUYERS WITH PROOF OF FUNDS. CURRENT RETAIL FURNITURE INVENTORY MAY BE PURCHASED OR THE OWNER WILL SELL OFF PRIOR TO CLOSING.

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